I asked several people with limited financial knowledge how they would turn $5000 into $50,000. Their answers almost universally involved gambling or other get-rich-quick schemes as the core strategy. While these responses don’t necessarily surprise me, it is concerning that the consensus view was to try something that’s almost guaranteed to lose money.
View Full Story Here
A more robust option is to focus on the key variables that impact the ability to turn $5000 into $50,000.
Fortunately, there are only three:
• Time
• Taxation
• Investment returns....
Season's Greetings
Aged Care
Market Observations
Market Outlook
2025 Year in Review
Be Scam Aware
Productivity
Market Volatility ― “Liberation Day” Tariffs
Budget 2025 - Spend, baby, spend!
Financial Update December 2024