Whether you have an existing investments or are just beginning, there are a number of ways in which you can build your wealth and keep it. The first step to financial security is creating your wealth strategy.
At your free consultation our Investment Team will spend quality time with you to discuss your goals, risk profile and circumstances, to understand where you are and where you want to be. Once we understand your situation we can then help you to formulate your long term plan to be able to live the lifestyle that you want with financial security you desire.
What is financial security?
Financial security is different for everyone, but in general it means being able to do what you want, when you want, in a way you want to do it!
We believe financial security is a combination of the following points;
- Being Debit-fee
- Being in control of your expenses
- Consistently increasing your savings/assets/net worth
- Not being forced to work at a job you don’t like just to pay the bills
- Being able to retire comfortably in the lifestyle you are accustomed
We all aspire to retiring comfortably, however most people don’t consider how they are going to do this until they are in their 50’s, and then realise they will have to work longer than planned to help fund their retirement, or downgrade from the lifestyle they are accustomed.
If you look at the stats from the Australian Bureau of Statistics you might want to do something about planning for your future today!
For every 100 Australians retiring at the age of 65:
1 is wealthy
3 are financially independent
4 work for the rest of their lives
29 are deceased
63 are on government welfare
Wouldn’t you want to be in the 3% who are financially independent from generating their own personal income stream? Did you know that they majority of Australia’s wealth is gained through investing in property? For the majority of people the greatest long term investment they will ever have is their own home. However, this is a “having all your eggs in one basket” investment strategy and could result in you being forced to sell your home to fund your retirement, or some other unforseen circumstance, causing be a financial, emotional and practical challenge.
Smart investors create their wealth through diversification. They split their wealth growth strategy over stocks, shares and investment properties. This way they can build wealth and spread the risk, whilst enjoying the lifestyle they are accustom too. How do they do this? By having a good strategy and strong financial team behind them.
At The Wealth Centre all our advisors will work together to reduce your risk by helping you build a diversified portfolio.
Property Investing Process
Our Property Investing Team has years’ of experience and in-depth knowledge of how the property markets work in Australia. They understands Australia’s property cycle and the needs of an investor today. They know that an investment property is all about increasing your wealth and securing your future. They are able to research, source, assess and negotiate the purchase of the right investment properties for your financial strategy.
On review of your current situation and strategy our team will create for you a personalised property investment plan, which will include purchasing costs, ongoing expenses, tax benefits and potential returns. They will also show you a selection of potential properties that suit your strategy for you to choice from.
But it doesn’t end there, with the combined skills of the team they are able to help you through all the stages involved in purchasing a property from contract signing to depreciation schedules and helping you find the right property management team. Followed by annual reviews to fine tune you wealth building strategy, to ensure that through the constant changes in the financial and property markets combined with life’s twists and turns your finances are in order.
They say it takes a village to raise a child, and we say it take a team of dedicated professionals to help secure your financial future.