2 common misconceptions about Property Millionaires
Ernest Wong
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Ernest Wong
A nature-loving photographer; a road-trip lover; and a car-race enthusiast. An employee at day time; a trader/investor at night.
I recently have read quite a few articles about some young property millionaires. These articles outline the facts that quite a few at their early 20s or 30s have already owned a portfolio of properties that’s worth some million dollars (AUD), and the writers therefore name them millionaires.
Another impression (perhaps my thoughts are wrong) I have from reading these articles is that the news media may be just over-emphasizing the magic power of properties; it may convey biased ideas to many people that – Properties can make you rich; if you wanna be a millionaire, then climb up property ladder.
1st Misconception
Let’s talk about the 1st misconception here
Agent for iron ore, iron pellets, sugar and honey. Countries india, Canada
8 年The old rich with mightier assets bought 20 years ago worth $20million to $60million are consider asset rich and is a mighty multi time millionaire perpetually. Anyone who gotten a million dollars is not a millionaire , it's term should be called thousandaires literally , simply he has to go out and borrow , plus deposits for those properties , he just have the means to use it. Lol