Typical kiwi attitude right there - our country's ****ed because of that ****. BRB QQ only rich people can be rich let me just work 50+ hours producing **** all so I can buy a couple of bits of wood arranged nicely on an unproductive bit of land LOLOLOLOL capitalgainsbrah.

Lazy ways to acquire wealth are the only ways to acquire wealth. Returns to labour being low is the new normal. Acquire income generating assets (especially shares in quality companies producing valuable goods/services). Stay out of the residential property banking scam. Learn how capital markets work so you can speculate on derivatives.

Even lazier way to acquire wealth is to realise that everyone travelling to work from the suburbs isn't going to persist and look into ways to renovate office buildings into high quality apartments.

I'm 43, still workout, and my 2 kids wear me the phuck out.

Couldn't imagine the horror @ 50+

Point well made. Not even so not aware.

Always felt that women were the ones that had to keep up with a bio clock when it came to children. A guy can shoot at 40, his kids will be 20 when he's 60 which isn't bad.

Actually really solid advice.

Step 1 should always be having a solid budget. Nobody ever got rich by indiscriminate spending.

fukin lulz i dont even remember making that comment.

Not too many grotty terraces in Herts.. But if you want a laugh have a look what the absolute cheapest properties go for near or in London.

Cheers, and yes that's a big part of the equation. For 90% of people, having children is a cast iron guarantee of being dirt poor like busta.

If things don't work out with my girl can we get gay married? (no homo)

Absolutely. No homo

It's against forum rules, so yeah in the end it's a bannable offense

lazy

wealth

>>pick one

Which is your most important investment decision? The one that is the largest? The least risky?

Nope. Your most important investment is your first one. It has the longest to run by definition. interest on interest (compounding). Your first significant investment is the one that makes all others possible if it goes right for you. I'd definitely include a good college degree in this category.

Put another way, this is where making a really crummy first investment (lets face it usually a car) is such a bad idea. For others its an extended period of travelling because, like, YOLO and you need to do this before you 'settle down'.

I certainly wasted 2 or 3 years but somewhat got away with it..but times are a LOT tougher now. 60k for a not particularly useful degree, similar amounts on cars/vacations once your first credit line opens up..don't be the author of your own downfall, you are going to live a lot of years where you can rue bad decisions.

Make that first investment a good one, you improve your chances of life on easy mode immeasurably.

why even kids when its all about your bench, squat and dead?