How to Get Rich and Live Rich

The full-time working Aussie is earning approximately $75,000 per year which works out to be about $4,700 per calendar month after taxation. If you did that and put it into an investment account, so I'm going to use an example of a well-diversified stock portfolio and do it over 30 years,. You'll end up with $968,000 after 30 years. Now if you did it for 40 years, you'll end upwith $1.918 million. Notice how the extra 10 years makes a huge difference? So therefore there's two main concepts here. One is pay yourself first, so take that 20% off your after-tax income