Get the fundamentals right

 

Wealth is created by following a few simple principles. They are time-tested and common-sense:

  1. Own your own home.
  2. Protect your family and financial situation.
  3. Spend less than you earn.
  4. Invest the difference in good quality growth assets.
  5. Own an investment grade investment property.
  6. Manage your borrowings smartly.
  7. Use smart superannuation strategies to accelerate wealth and save tax.
  8. Build a professionally managed and diversified share portfolio.