Savings account customers 'need to work for millions'

Mozo

Monday 17 August 2009

Australians looking to make their fortune have been told that hard work is often the key.

Those looking to compare savings accounts in which to store their cash may be interested to hear the secret of many of the country’s millionaires.

Most are in the position they are in due to an "over-riding competitive drive that makes them work seven days a week", according to news.com.au.

The article cites a number of examples of people who have built their fortune through graft and savvy fiscal planning.

One such businesswoman is Angela Vithoulkas of Vivo Cafaace Group – which she owns with her Brother Con.

"Retirement is not my goal, nor is it part of my strategy," she told the online resource. "I know retirement can be viewed as a sign of success but my mum is 70 years old and still puts in a 50-hour week."

The website also recently reported a large proportion of Australians could be at risk of a pension shortfall by not paying enough superannuation or laying enough by in savings accounts.

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