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RE: Basic Finance: Income Versus Wealth

in Threespeak5 years ago

Switching to a person's net worth will have them well, mainly Aussies jerking at it. A few weeks ago I wrote a post about how Aussies are amongst the richest in the world. All it takes is a house, car and a job and an Aussie is probably in the top 10%.

It is because houses in Australia are close to $1 million. Not many nations across the globe can afford that.

Aussies want to pay their homes off faster so they can have disposable income. However the business world is very different, they see the house prices as equity to tap into to live their lifestyles.

I might write a blog about that today. It was an interesting conversation I had.

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