Picture this… you’re basking in the sun on some yacht off the coast of Milan. You pour yourself yet another glass of Dom Perignon because you can want to and can afford to. Your money has earned enough in the last few years for you to have all the Dom you want to.
I’m not a stock market expert but I do work with some of the world’s best ones. Which is why I can confidently say that it is possible to make a lot of money using what you’ve already saved up. If you want to make your money work for you, here are some things I strongly recommend.
Get Rid Of Bad Debt
Get rid of your debt… not the kind that will help you buy a home and save taxes but the kind that lets you flash that new iPhone and drive that shiny Mercedes Benz just to keep up with your coworkers, friends, and neighbours. Being debt-free is the first step to financial freedom. “After all if your money is always working to catch up with interest, it’s not working in your best interest, is it?”
Essentially bad debt is money working against you – it’s your paying more than the true value of a depreciating asset, so do yourself a favour – pay off your debt first.
Buy Peace of Mind
Automate Your Investments
Track Your Money
Make Quality Investments
Pay for Quality
Most of us wouldn’t trust the cheapest doctor for a cardiac operation. So, why trust an investment app based on the lowest fees? Do your due diligence and ensure that you are optimising for the best wealth creation, and not just the lowest fees. Don’t miss the forest for the trees.
That’s my two cents on how you can truly grow your wealth. And remember… you’re not looking for someone to come take over your wealth you’re looking for a wealth coach who can guide you and take the pain if small manual tasks away from you.