rich dad poor dad, page-19

  1. 873 Posts.
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    yeah thats what everyone seems to believe. If you buy a house now it will be worth more than a million in 10 years at todays capital gains rates then you can get one of those new loans the SG bank does where it allows you to borrow the extra equity in your home and not have to pay anything back at all as the interest accumulates and gets paid out of your estate when you die.
    This is the final straw in this mad ignorance!

    Copydogs prediction for 20 years from now-

    only 30% of the population will be working while the remainder fish and play golf after having invested in property all these years. Even those that just bought their own homes can retire early because their house is worth $1.5 million and they can borrow the $500,000 they need to live off for the rest of their life.
    oh, and AMP shares will have hit $6 with a very tidy P/E of 14.
 
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