For many Australians, their wealth journey consists of owning a family home and accumulating superannuation. But many would be interested to know there are other wealth generating strategies available.
Superannuation is a way of putting money aside now so you can live comfortably when you are retired.
Investment planning involves buying into an asset class on the open market - cash, fixed interest, property or shares - with the expectation that the value will increase so you can sell for profit in the future. Therefore with successful investing, you are able to accumulate wealth.
Based on the current market situation, here are some financial tips and investment opportunities you may wish to consider:
A good financial plan can help you to avoid:
Financial planning is about looking ahead. It is about creating financial security for you and your family – this year, next year and particularly in the decades to come.
As a busy professional, you work hard to meet the needs of your clients and to grow your team and business. However have you stopped to consider your own growth needs and how the business you are developing will fund your desired lifestyle both now and in the future?