In this tongue-in-cheek solo episode of The Australian Finance Podcast, your host Owen Rask breaks down how to build wealth in Australia — the right way. Forget get-rich-quick schemes. Owen shares his personal philosophy and five practical steps to reach your first $100k fast, then explains how to turn that into a million dollars (and beyond).
He draws inspiration from Charlie Munger, Queenie Tan, and the concept of the “cashflow quadrant” to help listeners structure their financial journey through saving, side hustles, smart property strategy, and good investing habits.
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– Why “get rich quick” is a myth
– Charlie Munger: Why the first $100k is the hardest
– Queenie Tan explains compounding from $100k to $1m
– 5 ways to reach $100,000 fast
- Free financial education
- Hard work + saving
- Creative side hustles
- Having high levels of personal agency
- Focus + career specialisation
– Using the Cashflow Quadrant: PAYG → Contractor → Business Owner → Investor
– Why buying a property first can unlock faster wealth
– Debt recycling strategy: property + shares = turbocharged
– Why millionaires have 7 income streams
– How to invest reliably (not speculatively)
– Surrounding yourself with ambitious people
– Taking full responsibility for your money
