The following is a link to Troy Gunasekera's weekly blog, highlighting property as the chief reason why Australians are the richest in the World according to Credit Suisse.
For many people, the idea of investing for their future seems to be foreign as they struggle week to week to pay their bills and put food on the table. For many of these people, a simple talk with The Property Club could help them see that investing is not just for high net worth individuals and family trusts, but can be done by average people as well.
The idea of compound interest is appealing, when we first hear about it at school, but it seems that the average person does not equate this with building a property portfolio that can help with their retirement. Given the way current governments are attacking pensions and retirement benefits, it is important that we look to other ways of building our assets to help us when we retire. At least with a property portfolio, it gives you options when you retire, either sell it all and live off a managed fund, or hang onto some of them as an appreciating asset. The thing to remember with property is that it is not a get rich quick scheme
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