The findings of a recent survey of 1000 voting age Aussies has found that:
Crikey Australia! Lift your expectations. 75-100K per annum is NOT rich. If it were a net passive amount coming to you then you could say you were very comfortable...But gross earning 100K you'll probably take home around $60K in the hand. Not going to fund an expensive yacht and caviar habit ...perhaps a tinnie and a 6 pack...
I am constantly amazed at what people will settle for...
But at least people are on track when they think:
(My emphasis)
Unless you're a CEO of a listed company, a job ain't gonna make you wealthy. A job can provide the necessary fuel to get you where you want to go, but you need the right investment vehicles to make the journey.
The question though, is how many realise that what you do with what you've got is the key to
The pay packet considered to make someone "rich" varies little between Australian states, but Queenslanders set the highest yardstick, with 70 per cent nominating an annual income in the $75,000 to $100,000 range or higher.
The question posed in the survey was: "Just thinking about your own situation, how much money per year would you need to make in order to consider yourself rich?"
The survey found 27 per cent of Australians considered annual pay of $75,001 to $100,000 would make them rich, while 9 per cent went for $50,001 to $75,000 and 14 per cent for $50,000 or less.
Crikey Australia! Lift your expectations. 75-100K per annum is NOT rich. If it were a net passive amount coming to you then you could say you were very comfortable...But gross earning 100K you'll probably take home around $60K in the hand. Not going to fund an expensive yacht and caviar habit ...perhaps a tinnie and a 6 pack...
I am constantly amazed at what people will settle for...
But at least people are on track when they think:
While 69 per cent of Australians believe they have "no chance whatsoever" of becoming rich in their current job
(My emphasis)
Unless you're a CEO of a listed company, a job ain't gonna make you wealthy. A job can provide the necessary fuel to get you where you want to go, but you need the right investment vehicles to make the journey.
The question though, is how many realise that what you do with what you've got is the key to