The definition of wealth can be different things to different people. To some, wealth can mean the accumulation of assets, specifically money (cash, stocks, bonds, gold etc) while to others, wealth means being debt free and financially independent. Wealth does not even have to be tied to financial means and can also be measured in terms of family or lifestyle achievements.
What ever your definition, it's very important to think about what being 'wealthy' means for you. In doing so, your financial adviser/investment adviser can work with you and be in sync with what you are wanting to achieve.
The Steps to Wealth Creation
Creating wealth for yourself and your family does not need you to be the next Bill Gates or Jeff Bezos. Rather, the creation of wealth is within all our reach it just takes 3 simple steps.
First: Realistically, define what 'wealth' means to you (and family) by doing so, you are setting yourself an achievable goal to pursue. Examples of realistic wealth goals could be:
- Paying off your mortgage by age 40, 45, 50, 55 etc
- Having $X in investments by age 50
- Having enough in your superannuation account to provide $x p.a. in retirement
Second: Get financially educated. Sometimes this can be overwhelming with the jargon and trying to understand the workings of the financial world.
This is where a professional financial adviser will be your most valued partner in facilitating your wealth building journey.
Third: Have a plan to either generate more income, save more or pay off debt and even better, achieve all three.
At Ripple Wealth, we don't force our clients into impractical and unrealistic wealth creation strategies, nor do we push you into the current investment fad just because it's the flavour of the month.
Rather, we work with you to fully understand where you are today and where you want to be tomorrow, so that we can craft an investment and savings plan that is unique to you and one that can be realistically achieved.
We will look at ways to use existing circumstances to build wealth for the future and discuss with you any other investment opportunities that we believe may work for you.
Other Services
- Investment Management
- Cash Flow Management
- Tax Minimisation
- Debt Reduction
- Estate Planning
