How To Build Wealth In Australia

There’s no shortage of get-rich-quick schemes, from buying into the latest crypto coin or flipping a huge portfolio of investment properties.
However, don’t be fooled by promises of easy wealth—there is no such thing as a sure-fire, guaranteed return on investment and the vast majority of Australians who gamble their savings on risky schemes end up losing their money.
Sometimes these ‘investment opportunities’ are little more than glorified Ponzi schemes, offering eye-watering returns to existing investors funded by money from new entrants. As the Australian Securities and Investments Commission (ASIC) notes, they all collapse eventually, often with devastating results for Aussies who ‘invested’.

To know more: https://www.forbes.com/advisor/au/investing/how-to-build-wealth-in-australia/