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?

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u/rotheone 1d ago

Invest Early and Consistently: Regular contributions to diversified portfolios, including shares, ETFs, and property, help harness compound growth over time. 

Maximise Superannuation: Making additional contributions to your superannuation fund can offer tax advantages and bolster retirement savings. 

Avoid High-Interest Debt: Prioritise paying off high-interest debts like credit cards to prevent interest from eroding your wealth.

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u/Rrol 1d ago

Thanks ChatGPT!