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Australia's Death of The Middle Class! 

Personal Finance with Ravi Sharma
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passive income from property
Australian property investing
Australian property market update
interest rate changes
cashflow positive properties Australia

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24 июн 2023

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Комментарии : 45   
@perminderjit1970
@perminderjit1970 11 месяцев назад
Superb video, Ravi. We saw the death of the middle class happen in Malaysia when we were living there, some 10-15 years ago. It's accelerating there now. The same thing is happening here in Straya. INVESTMENT is the key. Thanx again
@PersonalFinancewithRaviSharma
@PersonalFinancewithRaviSharma 11 месяцев назад
Crazy stuff right! Thanks for watching 🙏
@amphib.koala123
@amphib.koala123 Год назад
Hey Ravi, Great video. What do you think of some of the stuff that Jack Toohey is putting out?
@tracyhong1864
@tracyhong1864 10 месяцев назад
Hi Ravi, thanks for sharing such insightful perspectives. I’m interested to know how do you find the idea of investing in overseas properties eg. Bali, KL, Bangkok?
@riversidemedia2916
@riversidemedia2916 Год назад
Ravi pls do a video on how you think the mortgage cliff will play out
@SeeSee11
@SeeSee11 Год назад
Hi , any chance that I can get any advice??
@RichardBuick
@RichardBuick Год назад
Thanks for the video, that number of 122,000 migrants who are millionaires - what is the time frame on that? Are they entering over a 2-3 year period, or already entered?
@JJ-mc8lu
@JJ-mc8lu Год назад
The middle class is alive and kicking in my area. You can find them at the local cafes talking about what property and nice new car they bought and what holiday they have just booked!
@alexwest4629
@alexwest4629 Год назад
That is not middle class mate. They are rich or over-leveraged
@farhadhabibullah548
@farhadhabibullah548 Год назад
That is not middle class bro! I am a tradie, make 2000-3000/week, I cant afford that kinda life style. I have 2 kids, we are comfortable but cant save anything, discuss about what house and new car to buy, next holiday sort of $hits are upper class's topic
@williamcrossan9333
@williamcrossan9333 Год назад
Good vid. Plenty of points I agree with. The current situation, starting with 100 people, by age 65, only 4 will retire with financial independence. I wonder if that will change much over the coming decades? I suspect not. This rough figure has been around for a long time.
@nickpower-fj9bu
@nickpower-fj9bu Год назад
It should change as the compulsory superannuation contribution extends over complete working lives and at an increased contribution rate. Work for 40 years and you should be independent.
@user-lz1sw2rw4w
@user-lz1sw2rw4w Год назад
So in the middle of a possible recession, you r suggesting buying property in Australia?
@awaken3202
@awaken3202 Год назад
What so you mean when you say financial education is gatekept ?
@sebmorrell
@sebmorrell Год назад
It’s really bad for society to have such big wealth disparity.
@ADayInTheLifeOfJames
@ADayInTheLifeOfJames 11 месяцев назад
Not for one end of society it isn’t… obviously
@sebmorrell
@sebmorrell 11 месяцев назад
@@ADayInTheLifeOfJames It is when we start pulling out the guillotines. I get what you mean though.
@zedizdead
@zedizdead Год назад
Where does the "122k millionaires" number comes from?
@samoondaxoy6872
@samoondaxoy6872 Год назад
Yes this is my question too!? Don’t mislead peoples!!!!!
@dot9433
@dot9433 3 месяца назад
Overseas. They're probs buying up our real estate.
@ichrisone
@ichrisone 9 месяцев назад
Cash is fine to hold at this time Ravi. Don’t scare people too much! Asset prices just haven’t dropped yet, foreclosures haven’t started either, its too early in the cycle.
@RobG1983
@RobG1983 Год назад
Good video Ravi. Unfortunately a lot of this is by design. The government wants wages to rise and people to come out if retirement and work more jobs / longer so they can make more tax. They have a pandemic to pay for. Agree investing is the only way. Tax and inflation will make you poor if you stay in cash.
@genomedia44
@genomedia44 6 месяцев назад
How long can this continue? At which point does it just become impossible for people to afford housing? Something's gotto give?
@starxrox
@starxrox Год назад
Well, I'm screwed... I'm going to have to get into a throuple, hope to become a T.I.N.K (Triple income, no kids) and might be able to get a one bedroom apartment one day...
@TheDruzza
@TheDruzza Год назад
Did you make that up or its an actual term?
@starxrox
@starxrox Год назад
@@TheDruzza Well, I knew about D.I.N.K's - I just figured T.I.N.K's would be next due to inflation...
@mehul2011
@mehul2011 Год назад
Hey Ravi, great video as usual but what's the source of information about migrants being millionaires?
@TysonTheRand
@TysonTheRand Год назад
Good video mate, very eye opening about the migrants being millionares.
@tomjones4451
@tomjones4451 Год назад
Remember 20years ago living off the dole was enough to get by now it’s near impossible! Inflation is the biggest killer, $$$ we earn not going as far as it use to.
@Hunty49
@Hunty49 Год назад
Australians need to go into Depression survival mode. Cut back ALL unnecessary spending, cut out ALL take out meals, reuse as much as possible etc. I see homeless begging while I'm out collecting as many plastic bottles I can find to make an extra couple of dollars. I understand that you are saying put your money into assets that won't depreciate, but they need to be AFFORDABLE assets. Property will hold its value, but it's unaffordable.
@bundyboy961
@bundyboy961 Год назад
Find an area that you can afford! Rather then say "I can't afford it"! Remember to ask yourself "how can I afford it"!
@TysonTheRand
@TysonTheRand Год назад
Sup bra
@cameronwarren2280
@cameronwarren2280 Год назад
You said buy now its time to buy etc don't tell anyone to buy now
@JohnInvest17
@JohnInvest17 Год назад
What is the defination of middle class?
@andyjcoop
@andyjcoop Год назад
Above the lower class but below the upper class
@JohnInvest17
@JohnInvest17 Год назад
@@andyjcoop how do i know which one i am in?
@RobG1983
@RobG1983 Год назад
​@@JohnInvest17mate with your skillset you'd be upper for sure. One job and you're set for life 😂
@PersonalFinancewithRaviSharma
LOL! I'm actually dying reading this comment! John Wick knows what's up
@JJ-gn8px
@JJ-gn8px Год назад
Ravi how do you re-structure your situation with high debt making 40%-50% of your weekly take home pay? do you sell and buy something cheaper or stick it out, or rent it out and go live with parents or grandparents again? what options do people have?
@Geniuschange
@Geniuschange Год назад
We got side hustle, planning to rent a cheap unit after renting out our residence, also asked pay rise to employer which worked...and keep finding the way to reduce expense such as food, clothes, kids' education and all. We are controlling what we can control to get through this short term pain..
@AnAussieinNorway
@AnAussieinNorway 6 месяцев назад
That's shocking. Shame on Australia. Australia is in decline.
@Sh4dow682
@Sh4dow682 Год назад
The rich get richer the poorer get poorer.. The only ones struggling are the lower to middle class folk.. but oh no not the ones with no financial problems. Thats the way the world is
@wilburkong
@wilburkong 10 месяцев назад
i mean people who need to view this to understand are deservedly poor aint it. He didnt point out anything new
@samoondaxoy6872
@samoondaxoy6872 Год назад
Labor government should limit on the numbers of migrant they bring to this country.
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