There are a lot of moving parts to the process of wealth creation and there is no quick win or easy solution. For us wealth creation is the process of doing the right thing consistently in a measured manner.
Identifying the things that are most important to you and focussing your spending on those areas only is a good starting point. It will involve doing a genuine analysis of the things you do that make you look good as opposed to the things you can do that are actually good for you and your long term wealth creation process.
Another important factor is determining the right level of risk that matches your appetite, your need for risk and your capacity to endure market volatility. There is no right or wrong answer as every client will have a unique set of circumstances that will impact on the adequate level of risk in their investments.
However, it is important to always remember that markets cannot do the heavy lifting for you. We will assist in putting appropriate investments in place, and will help you eliminate short term noise in markets and help guide you through market cycles to prevent you from making mistakes at the wrong time, but investments need to be seen as only one part of the wealth creation process. Patience, regular savings, tax efficiencies, right balance sheet structuring, disciplined spending all play important parts in your overall journey to financial success.