
What can we learn from Australiaās wealthiest individuals?
While the industrialistsā and mining billionaireās fortunes wax and wane, looking back over the years no matter how the Australian economy changes, the Rich 200 has always been dominated by property entrepreneurs. Australias wealthiest individuals
This year 50 of the Rich Listers made the majority of their fortune in property, while many of those who made their money in other sectors stored it in real estate.
Remember, thereās nothing wrong with seeing what other successful people do and applying those principles to your own life.
Reason behind Australias Wealthiest Individuals
If so many extraordinarily wealthy people have used real estate profitably, it stands to reason that thereās money to be made in this sector.- Anyone can become rich in Australia.
- The markets move in cycles.
- The Rich work hard for their money.
- Take risks early on, but not once you are established.
- They make their millions and then reinvest rather than spend their money.
- Have one good idea and repeat it.
- Go for growth.
- Surround yourself with a good team.
- Take action.
- Youāre never too young and youāre never too old.
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