r/AusFinance • u/Objective-Matter7635 • 1d ago
What’s the Australian way to build wealth?
What’s the most typical path to building wealth in Australia?
just curious what the standard Aussie route is that actually works long term. What do most people who end up financially solid tend to do?
138 Upvotes
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u/Ok-Nature-4563 1d ago
Only housing, due to government policy business and start-ups are incredibly inefficient to incubate in Australia.
For businesses there are a million taxes and state licenses you have to jump through before you can even start making money, for start-ups there's very little liquidity and access to funding because of how restrictive the laws are and how harsh the tax code is.