What is one of the biggest money misconceptions you’ve encountered in your career?
Description
Many Australians believe that building wealth requires taking on significant debt. While leverage can accelerate outcomes, it also introduces risk and can impact cash flow if things don’t go to plan.
The reality is, wealth can also be built through consistent saving and long-term investing, it may take more time, but it doesn’t rely on high levels of debt. The right approach depends on your goals, risk tolerance, and personal circumstances.
General advice only.
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The information provided in this article is general in nature only and does not constitute personal financial advice.