Boomer stuns after revealing his insane wealth – and why Aussies say it’s impossible now
A retiree has stunned Aussies by revealing the huge amount of money he saved while working as a driver.
The unnamed man, 84, from New Zealand, told housing finance company Coposit that he had amassed a whopping $2.3 million in a TikTok video.
Initially, the unnamed older man, sitting on a bench in Sydney, was reluctant to reveal his nest egg and asked the interviewer if she “really wanted to know.”
When asked how he had amassed such impressive savings, the man said it was done by “working hard and investing in property” while driving trucks, trams and buses in Wellington.
“I invested some money which I tripled and that gave me the opportunity to continue building,” he said, also revealing that he bought his first house 30 years ago,” he said.
He admitted that the property market was ‘a lot better than it is now’.
However, he thought that people could establish themselves financially.
“It’s up to them if they want to work, then they can work and they can make money and things like that,” he said.
An elderly man has stunned TikTok viewers by revealing he has stashed away $2.3 million
“But if they don’t want to work, people on benefits, we used to have taxis in the Wellington area.
‘We used to take home four or five people on benefits, who received more money per week than we did.’
He had some advice for those looking to build similar wealth.
“Save or capitalize at the bank, lend yourself to the limit on a house and then sell it within 18 months when it starts to appreciate,” the man said.
Several social media users now found his advice less applicable.
“That generation – if you bought real estate, you’re loved now,” said one.
“I’m guessing he’s talking about Wellington, New Zealand, and it’s a lot more expensive now that I think the average house costs over $900,000,” another commented.
‘He didn’t work any harder than we do now. He was just born at the right time,” said another.
“90k for a house…pay it off and then just buy into the real estate market.”
Others shared tongue-in-cheek responses.
“Can you be my grandpa?” said one.
“Is he single?” asked another hopeful.