Thread: How the rich get rich [Long]

Apparently it does, something like 45% for people over AUD$60,000 P.A. No tax till you earn over $15,000 I think.

Why work 8-10 hours a day (like most of the middle class) 5 days a week (plus working from home, plus 1.5 hours travel, not to mention overtime)

Very few jobs are both high paying and part time, the main one, of course, being self-employment.

if you can spend a little time learning how money works and doing a little investing and building your assets and work half as much?

Learning how money works is helpful for practically anything. But people are not going to be able to work half as much unless if they double their return on their investments. I don't see how this is possible.

Originally Posted by okinrus

But people are not going to be able to work half as much unless if they double their return on their investments. I don't see how this is possible.

Or they half their expenses. Or actually acquire assets. The majority of people don't even have any assets - "my house is an asset!" they'll say. But it's not, it's a liability because it's costing you money. (I know in accounting/banking sense its technically considered an asset, but take a step back)