Australian Investors Podcast How the rich invest their money & how we'd invest $10 million in 2025
Jan 3, 2025
Discover how the wealthy accumulate and manage their fortunes through strategic business ownership and diverse investments. The hosts dive into where they'd allocate a hypothetical $10 million in 2025, balancing personal and community impact. They also tackle the debate between dividend ETFs and growth ETFs, emphasizing the importance of both in investment growth. Plus, learn tips on effectively managing large cash amounts while considering personal circumstances, like the shift to electric vehicles. Join the fun with engaging humor and community interactions!
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Source of Wealth
- Wealthy families primarily accumulate wealth through business ownership or equity.
- High salaries alone, even in lucrative fields, don't typically lead to mega-wealth.
Property vs. Business
- Property is often an outcome of wealth, not the primary source.
- Mega-wealth often originates from business ventures, not real estate holdings.
Diversification and Specialization
- Diversify your investment portfolio across different asset classes.
- Specialize in your career to maximize income potential.