I've been running my own business for 20 years thinking it (real productivity) would be the best investment. Turns out I shouldn't have bothered and would have been better off with a job at Macdonalds and 5 mortgages. Work is taxed so highly and inflation eats our savings and business profits. So perhaps the system is fair in that nobody forced me to run a business, but I think we can agree its a poor design if sitting on realeaste is rewarded more than any other activity.
Definitely I agree with you to a level that it is incentivised more than anything else in Australia especially, that being real estate. I think the key thing here is purely hard asset do very well. In most western countries though, real estate has done well, Australia's on steriods though over the past 50 years. Unfortunately, we don't have many incentives to create huge businesses like over there in the US! So I definitely feel you, I've got families and friends who have done the same for decades! I guess though you live and you learn but its never too late to have a crack at the real estate game!! Thanks for tuning in!!
I've been running my own business for 20 years thinking it (real productivity) would be the best investment. Turns out I shouldn't have bothered and would have been better off with a job at Macdonalds and 5 mortgages. Work is taxed so highly and inflation eats our savings and business profits. So perhaps the system is fair in that nobody forced me to run a business, but I think we can agree its a poor design if sitting on realeaste is rewarded more than any other activity.
Definitely I agree with you to a level that it is incentivised more than anything else in Australia especially, that being real estate. I think the key thing here is purely hard asset do very well.
In most western countries though, real estate has done well, Australia's on steriods though over the past 50 years.
Unfortunately, we don't have many incentives to create huge businesses like over there in the US! So I definitely feel you, I've got families and friends who have done the same for decades!
I guess though you live and you learn but its never too late to have a crack at the real estate game!!
Thanks for tuning in!!