💨 Abstract

The widespread claim that "90% of millionaires made their money through property" is inaccurate. While property is a key part of wealth preservation for many South African millionaires, it is not the primary source of their wealth, which often comes from business, finance, or industry. Real estate is frequently where wealth ends up, not where it begins. Moreover, many property gurus promising quick riches through property oversimplify the process and ignore risks.

Courtesy: Grant Smee