By Jamie Gonzalez – Researched from propertymarketers.com.au
What’s your financial strategy? For the average individual, this might mean a savings account, extra funds reserved for superannuation, and getting another job to augment income. For the more ambitious individual, this might also come with investment options that are fairly easy to manage, like property. If you’ve only been doing one of these things, or if you haven’t actually done any of these things, then it’s high time you did — because time’s a-wastin’.
You should start by talking about it. According to Australia’s premier wealth management firm, JDL Strategies, people who never talk about becoming wealthy are setting themselves up to fail financially. Talking about money, about plans for retirement, and the like, may sound awkward and embarrassing for families. The result is, says JDL, a life of chasing income and a cycle of getting a job, paying off the house, and competing to get a raise to increase your income. While there’s nothing wrong with that, JDL believes that your money should have a direction so that you can accumulate assets that can turn you into a millionaire (or multi-millionaire) by the time you retire.
And who better to help you give direction to your money than an expert wealth building advisor? A wealth building advisor can examine your current finances, your cash flow, and determine a financial planning strategy that will work for you. You may be able to read up on financial planning through books and credible online resources but there is still no substitute for the expertise and extensive experience of an actual wealth building advisor.
You gain valuable insight into your own finances and, in the process, achieve skills that will help you make those all-important decisions about where your money goes. A wealth building advisor may also have relevant knowledge in tax, insurance, and other legal matters that will help you protect the assets you accumulate. With proper asset protection, you minimise potential loss and,consequently, maximise your wealth.
JDL’s own wealth building formula includes seven critical principles, which begin with the concept of “you” paying “yourself” first. JDL, which has helped over 700 Australians reach their million to multi-million dollar goals, states that you might be amazed at how quickly your funds can grow when you put yourself down as the most important bill you’ll have, and you can then use this sizeable amount as the foundation for building your nest egg. After this, you’re going to need someone to look after your nest egg so that it works for you and you create the kind of wealth you want to achieve.
What little money you have today has the potential to grow into a considerable fund for your future. Aside from gaining the kind of knowledge you’ll need where financial planning is concerned, you’ll need the expertise and experience of a wealth building advisor. Ask one of JDL’s experts. And start your journey to financial success today.