Wealth creation strategies commence from the moment we begin our working lives. It can be as simple as commencing a regular savings plan with a view to building a deposit for a first home. This gives rise to the single biggest financial hurdle that most people face when endeavoring to accumulate assets for retirement, their mortgage.
The planning process allows us to quantify the impact of borrowing to purchase your family home on your long term position, providing you with the opportunity to make an informed decision on how much you should look to borrow and what your repayments should be.
A long term wealth creation strategy may then look at opportunities to utilise the equity in your family home to invest in growth assets such as shares or investment properties, and also consider the long term benefits of additional superannuation contributions.