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• Working pays the bills, but it doesn’t build wealth, only investing builds wealth.

  When it comes to investing, there are five essential rules:

  1. Contribute regularly.
  2. Invest in growth assets for the long term, like shares or property.
  3. Reinvest all earnings, where possible.
  4. Never take it out. I don’t sell any of my long-term shares; I live off the dividends.
  5. Only invest in things you understand. I avoid get rich quick schemes, managed funds and structured products.

  Speaker: Ashley Ormond
  Source: http://www.superliving.com.au/StoryView.asp?Sto...
  Rating:

  0 (0 votes)
  Posted: 12 Oct 2008 at 5:43 PM
  Posted By: fredmartin
  Comments: None... Be the first to comment!
  Tags: wealth

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