Starting Wealth

Perhaps you are starting out on a new career, or making headway in your first. Maybe you are finally starting to save some money. Whatever your situation, it is time to start thinking about your future, your career and financial goals and how you are going to get there. By starting now, you will be in a stronger position to achieve those goals, even though they may seem a long way off.

You may be earning your own money for the first time after years of study or you may finally be getting paid what you are really worth. And while you might have plans for a new car, a new wardrobe, a holiday overseas, or moving into the neighbourhood you have always fancied, you need to have plans for your financial future.

Whatever your situation, there are 7 key building blocks (sometimes called ‘strategies’) that we can use, in combination, to help make the most of your money.

  • Budgeting – Download your free electronic budget planner now.
  • Investing – take a moment to find out what type of investor are you?
  • Managing Debt
  • Managing Tax
  • Superannuation
  • Protection
  • Social Security

If you are still at the Blank Canvas stage let’s get creative and start painting your road map to financial success.

Building Wealth

So you have reached a point in life where you are thinking that a few more dollars in the bank could go a long way. Finding the right financial solutions for you should be your number one priority. And now is a good time to start building wealth and choosing investment strategies to help you make the most of your money. It is important that you are getting the most out of your money. But how do you know if your money’s working as hard as it could be for your future? After all, you have worked hard to earn it so it makes sense that it works hard for you too.

Investing is putting your money to work to create and grow your wealth and your financial security. It’s about understanding your current and future needs and developing a plan and investment strategy – that will help you move through life. And it starts with setting some goals.

Things to consider when Building Wealth?

  • Choosing the right investments and investment structure
  • Diversification or not
  • Time in vs timing the market
  • Borrowing to invest
  • Review your financial plan in times of volatility in order to turn it into an opportunity
  • Making your superannuation work harder for you
  • Personal and asset protection
  • Estate planning considerations

So where do you start?
We will assist with setting a budget, help you quantify and qualify your financial goals and develop strategy to help you acheive. The sooner you get started the better off you will be in the long run.

Maximising Wealth

Your financial plans are advancing and you are looking for opportunities to maximise your wealth for you and your family. You have accumulated a reasonable amount of assets and probably debt, as debt is a useful vehicle to attaining assets and achieving financial growth.

Because you have worked hard accumulating your wealth, looking after your family and your career, and making sure you are in the best financial position you can be; this stage in your life is a critical one. Making the right decisions now could have a huge impact on your future lifestyle. To determine the right investment strategy, you need to consider what you want to achieve and how you would like to do it.

If your life situation has changed then perhaps your goals need to change as well. The birth of a child or grandchild, a second marriage, needing carer for your parents can all affect what your future will be and how you manage it financially. The wealth strategies you have may also need to change to make sure you achieve these goals. To decide this, first consider;

  • Your investment timeframe – 10 to15 years or longer
  • What you own, what you owe
  • Your family and ongoing commitments
  • Your estimated life expectancy
  • What lifestyle you want – your personal priorities and interests.
  • Now it is time to maximise your financial achievements by:
    – Making the most of your money – consolidate your debts and save
    – Use your super to make the most of the tax concessions available.
    – Diversify your investments to reduce the effect of volatility
    – Use gearing to increase your investment portfolio
    – Protect your lifestyle and family with the right insurance
    – Plan your estate so your assets end up in the right hands.

So where do you start?
We will assist you with assesing your current situation and developing an investment strategy taking into account all your needs and goals. The sooner you get started the better off you will be in the long run.

Consolidating Wealth

After working and saving for years, a relaxed retirement is something to look forward to. You have now reached a point in life where you need to consolidate your wealth by finding the right financial strategy to help prevent your capital being eroded by inflation; provide a regular income for your retirement; and ensure that you can meet ongoing commitments.

The prospect of a relaxed retirement is not just a distant dream. By now you have probably paid off most of your major debts and can look forward to having the freedom to live your life ‘your way”.

There are tax effective ways to help maximise your savings, build financial security and safeguard your most important assets. These include protection against the unexpected, tax effective super strategies and investment strategies such as gearing and diversification.

Things to consider when Consolidating Wealth?

  • using super effectively to fund your life cover; thereby saving you money
  • accessing the equity in your home to make the most of your assets
  • consolidating your debts to save interest payments
  • diversifying your investments to minimise the effect of market volatility
  • protecting your assetsand family with adequate insurance
  • ensuring your estate is properly planned

So where do you start?
This is a vital time to consult with a  financial planner and get advice on how to make the most of your money. Make an appointment today or call us on 1300 BLAZER.

Enjoy Wealth

It’s exciting to dream about what you’ll have the time to do when you leave the nine to five working day. Whatever your plans – whether they involve travel, going back to school, starting your own business, or other big changes – your priority is to make sure you can afford to enjoy your freedom and life the way you want.

Now is the time to start
Plan to enjoy retirement by;

  • Deciding on the best retirement income for you
  • Considering splitting your income to be tax efficient and save money
  • Consolidating your super to make the most of your savings
  • Ensuring your estate is properly planned so your assets are distributed as you intend them to be.

Invest your time first
No matter what your goals, plans and needs are, you want to have the financial security to enjoy them. Finding the right financial solution means making a lot of decisions.

Your Blazer Wealth Retirement Specialist can advise you on all your options and help you choose the most appropriate strategies to help ensure you have enough to enjoy your wealth in retirement by;

  • Working out and planning for what you will need in retirement
  • Ensuring your investments will provide you with a tax effective regular income
  • Saving tax by using income splitting
  • Make sure your super is as effective as possible for your future retirement needs.
  • Use your super to provide you with a tax effective, regular income in retirement.
  • Find out how you can best utilise your Eligible Termination Payment you will receive from your employer.
  • Protect your family and your future by reviewing your risk protection insurance.
  • Organising your super to be as effective as possible
  • Put your affairs in order with proper estate planning