Owen Rascovitch

That's a great point.

We've talked about being an owner of the economy as opposed to letting it own you and run your life.

It's having that control of your money and your destiny.

One of the questions that we had come through on the podcast already, which was about building wealth from the share market, and the person had an investment property, but they didn't own their own home.

They weren't an owner-occupier.

And the question was effectively, can you build wealth?

This person was in their 50s and the answer is absolutely yes.

Even though we say 30 years, it doesn't matter if you've got 10 years or 20 years, it's still relevant, right?

It's never too late to start.

It's funny.

I run another podcast called the Australian Investors Podcast and I ask the guests in the show what is their number one lesson if they could go back and tell themselves when they're younger and that's just to start.

Yeah.

And it's a huge thing, right?

Two of the reasons why people would invest are dividends and distributions, and you get those from each of the things that we're talking about in this episode, which is index funds, ETFs, and managed funds.

And then you've got capital growth, so the increase in value.

So if you were invested in, say, a managed fund, so let's say you put $20,000 into one that you find,

You would expect to receive some sort of check or direct deposit or how does that work?

Yes, I might pay 2% or 3% just as an example.

Right.

Okay.