Case Study: Beginning building wealth later in life

Investopoly

In this case study episode, Stuart delves into the financial journey of a couple who began building wealth later in life. Starting in 2009, they purchased an entry-level apartment in South Yarra for $390k. Fast forward to 2015, Stuart joined them, and their wealth-building strategy took a serious turn. By 2016, they acquired an investment property in Richmond for $1.3m and restructured their superannuation, moving one spouse from a subpar fund to a wrap account while the other stayed with a solid industry fund.
Over the past nine years, their focus on maximising cash in offset accounts and making substantial super contributions has paid off, growing their superannuation from $770k in 2015 to over $2.3m today. Key insights include the benefits of starting investments earlier, the importance of asset quality, and the power of diversification. Stuart highlights that reaching a critical mass in super allows returns to significantly boost wealth, setting the stage for a comfortable retirement. This episode is a compelling listen for anyone looking to understand the impact of strategic financial decisions made later in life.

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