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Ever since I finished school I have always been employed and am a qualified High School teacher although I don't really plan on doing that for the rest of my life.
Over the last 12 years I have managed to save 54k (Australian dollars) and it's sitting in my bank account earning a small amount of interest.
When I was 22 years old I left Australia and went to Las Vegas and spent about 11k, I remember sitting on that 15 hour plane ride home and although I had an awesome time I thought "okay this year I'll figure out how to invest the money I'm saving."
Well almost 8 years later I haven't really figured out what I would like to do with this cash. All my friends have just bought a house but also have huge mortgages that they will be paying off for the next 25 years plus interest.
Does anyone have any advice as I'm open to all sensible ideas? I have no debt and after rent/living expenses am able to save about $200 a week. I have looked into shares but don't have a great deal of knowledge in that area.
If anyone has any good books/resources that they could recommend that would be awesome.
I second the Tony Robbins book suggestion. Full disclosure: I got a free copy of the book but haven't gotten around to reading it yet. That being said I'm almost 100% sure it's absolute gold just based on the fact that it's a collection of advice from the greatest, most successful financial minds in the world.
I would also recommend The Millionaire Fastlane by MJ DeMarco. Scammy sounding name, but great advice.
As for my personal input, here's the financial advice I got from a Russian billionaire a few months ago. Split your assets into thirds. Invest 1/3 into businesses, 1/3 into real estate, 1/3 into liquid assets.
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I don't usually visit this forum, so I'm sorry if I'm hitting on a dead post, but I just have to say....
Dude, you say you don't want to teach for the rest of your life, and you're now 30. So, get off your butt and come up with a life plan that makes better money. This might mean graduate school, or starting a business. But whatever, it means investing in YOU - the best investment you can ever make.
If you make a good plan that fits you, and double your current income, there is no other investment you can possibly make that would provide a higher return.
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