Wealth creation is the process of increasing one’s financial assets and net worth over time through smart financial planning and investment strategies. It involves creating a budget, reducing debt, saving regularly, investing in diversified portfolios, and seeking professional financial advice when needed. It also involves understanding your risk tolerance, setting realistic financial goals, and regularly reviewing and adjusting your investment strategy.
Wealth creation is a long-term process that requires discipline, patience, and a commitment to continuous learning. With the right approach, anyone can achieve financial security and create a solid foundation for a comfortable future.
Young Adulthood (18-30 years old)
This is the establishment stage of creating your wealth. Just as the strongest buildings start with strong foundations, your wealth also needs a strong foundation. We help build this through providing advice on:
- Budgeting – having a strategic look at your spending, using your goals help formulate a budget keeping your longer term goals in mind
- Building emergency savings – ensure that you can have short term unexpected incidents and costs covered by starting an emergency savings fund & calculate this through evaluating your living costs.
- First Home – we can help you prepare for & navigate the first home purchase through tools & calculators such as mortgage calculators, savings calculators in preparation for this significant purchase in your future
Early Career (30-45 years old)
We can help you build wealth and embark on the Wealth Accumulation phase of your Wealth Creation goals, through helping you achieve investment goals & can help you navigate the complexities of buying a home and create a plan to achieve your homeownership goals.
- We can help create investment account tailored to your own investor style. Investment accounts are not only an asset with earning potential, but also structure it to help minimise your tax liability
- We understand purchasing a family home is a long lasting most meaningful investment and through utilising our tools such as mortgage calculators, home affordability tools & savings calculators we can ensure you are prepared to be in the best possible financial position to take on a mortgage with confidence
- We can provide advice on manners in which you can confidently negotiate your interest rate with your bank.
- Help create savings accounts – to achieve small goals, have an emergency savings fund, create saving for your children’s educational/vocational future
Mid-Late Career (45-60+ years old)
This is the prime of your wealth creating life, with a goal to ensure that you have accumulated enough wealth to smoothly pave the transition to retiring.
- We provide strategies to minimise your liabilities
- Ensure that you’re building your greatest source of wealth in retirement – Your Superannuation
- Downsizing your assets to utilise funds to maintain the lifestyle you deserve into the future
- Review investment strategies and tailor to be representative of this stage of life
Retirement (from 61 years old)
This is the time to enjoy your hard work!