Wealth Creation Strategies
To start wealth creation you don’t need a lot of money
Our experienced team of financial planners at Econ Financial Services can offer you a range of wealth creation strategies for your future independence.
Savings Plans
Savings can be defined as the accumulation of money set aside for future use. When you work hard for your money, you want to get returns that reward you in order to reach your goals faster and make your money work for the future. It always seems hard to start the
savings process, but time plays a big factor in the end result, so the earlier you start the better.
People save for different reasons, for example: to buy the boat they have always wanted, go on the trip they have been planning for years or even to upgrade or extend the house.
Planning to have children? Or already have children? There are ever increasing costs in raising children. From the hospital bills all the way through to their private school fees and even university fees, the costs are huge and having a savings plan for your children is now becoming essential.
Budgeting/Debt Consolidation
Many Australians find themselves in financial difficulty due to lack of savings, poor investment decisions, or unforeseen events where investments are lost.
It can be an endless struggle to afford to repay existing debt, live comfortably and save for the future. At EFS we can offer personal budget/consolidation plans on how to consolidate debt and achieve your financial goals. A single regular payment is often easier to manage and you only need to have dealings with one entity rather than a number of creditors. You could end up paying less due to a lower interest rate. In some cases the amount of debt itself is reduced. We here are EFS offer personal loans as well as a wide range of other loans.
Margin Lending
Margin Lending is simply another term for borrowing to invest. Most people gear so that they have more money working for them and can therefore accumulate wealth quicker. Margin lending is different from investing in your home as when you borrow to invest the Australian Taxation Office will allow you to deduct any interest payments unlike with personal home mortgage repayments. Negative gearing is when the loan repayments exceed any benefit i.e. income received from the investment.
We can also help you with:
- Direct Shares
- Managed Funds
- Property Trusts
- Warrants
- Alternative Investments
- Self Managed Super Funds (SMSF)
Call us today on (02) 9266 2269, Ask a Question or Make an Appointment with one of our experienced financial wealth advisers. Our First Meeting is Cost and Obligation Free.
