Creating Wealth

Create your wealth

• Wealth creation is a mindset & discipline
• Wealth creation strategies work faster than saving
• Our simple tips to accrue wealth

Our wealth creation tips for financial freedom

1. Save 10% of everything you earn. That’s right – 10%. And start right now. An active savings plan is the single most important part of a wealth creation package.
2. Reinvest the returns on your investments and interest on savings accounts. This will multiply your savings and accelerate your wealth by harnessing the power of compound interest.
3. Develop a budget and stick to it. Make sure the budget incorporates your 10% savings plan.
4. Adopt a long-term view. Wealth creation isn’t a lottery; it’s a systematic approach to accumulation.
5. Leverage the power of passive income streams such as interest, dividends, royalties, rent and capital gains. These streams augment regular income from salary.
6. Protect your assets by insuring against the unexpected. Income protection and life insurance will maintain your desired lifestyle should unfortunate events occur.
7. Separate your personal and business assets, so you’ll have something to fall back on if the business fails. And hold assets outside your name to protect against possible litigation.
8. Maximize the power of superannuation contributions. Super is a tax effective and secure long-term savings strategy.
9. Gearing can accelerate wealth accumulation, but if entered into unwisely can also accelerate losses. Don’t negatively gear only to minimize tax; the asset should increase in value over time.
10. Get sound, prudent advice from a qualified and licensed Financial Planner who you feel you can trust.

Call us for a holistic approach to your financial needs; we aim to help you make more productive financial decisions.