Everyday I do investment research so I can pass on information that will help the readers of our blog on their path to create greater wealth. There is wealth to be made in Australia by Australian’s but only those that are willing to step a little out of the normal way most people earn a living.
Today I have been looking through Robert Kiyosaki’s book Guide to Investing, he states that those people who work hard and save will find it difficult to be wealthy because of the tax they have to pay on the money they earn. To save $1,000 would actually require earning about $1,300 or possibly even more.
There is nothing wrong with working hard and saving but if you want to do more than just earn a living then some other steps need to be taken.
Do you want to Invest?
Maybe this is a question that does not need to be asked, many Australians have taken to investing in property and the share market for a number of years now and the obvious answer to, why is of course to be more financially secure.
If we go a little deeper though most of us will find that money is not the only motivator. We also want time to be with family, we want to be able to afford to take a holiday or travel and provide ourselves and our families with the best opportunities for good health and education as possible.
Helping others is another reason to invest and create a substantial income for yourself. Even though those that work hard give the government a lot of their income limits on government funding means there are still many needy organisations that require donations to survive.
Why Invest? Is a question you need to answer for yourself and it is the first step to take if you want to be wealthy, it will be what will motivate and drive you. Answer this question as soon as you can, write it down and put it where you can read it at least three times a day.
Have an awesome day,
Cheers
Teresa and the Team at
Australia Wealth
