Wealth Creation, Savings + Investments

Wealth creation through savings and investing is crucial for achieving long-term financial goals, such as buying a home, retiring early, or enjoying financial freedom.

However, choosing investments that align with your personal objectives, risk tolerance, and time horizon can be an overwhelming and difficult task with so many options to choose from.

Our experienced advisers at Canny Wealth can provide expert guidance and help you develop a strategy tailored to your specific needs.  We offer valuable insights to help you optimise your investment decisions and ensure you’re on track to reach your wealth creation goals with confidence.

Before investing, the first and most important step is to either educate yourself on the investment options available to you or see a professional, like a financial adviser, who can provide expert guidance.

From there, you should sit down and set clear financial goals and assess how much risk you are willing to take to achieve your goals.

This will enable you to make an informed investment decision and understand how to get started depending on what investment strategy you choose to proceed with.

A wealth creation strategy is your individual plan how to build and grow your financial assets over time to achieve your long-term financial goals.

Developing an effective strategy and selecting the right investments can be an overwhelming and complex task, which can lead to inaction.

At Canny Wealth, our financial advisers are experts in formulating wealth creation strategies tailored to our client’s individual circumstances and financial goals and can provide guidance to ensure you stay on track to achieve your goals.

The four pillars of wealth creation are:

1. Earnings;
2. Savings;
3. Investments; and
4. Protecting.

• Earning involves generating income through your job and/or business;
• Savings focuses on spending less than you earn;
• Investing involves utilising your savings and investing these funds into assets that will hopefully grow over time and provide you with income; and
• Protecting your wealth ensures that you have the required personal insurance, such as Life, Total and Permanent Disablement, Trauma, and Income Protection cover, and ensuring that you have the appropriate estate planning documents in place.

These pillars work together to ensure you build your wealth over time, whilst also protecting the wealth you have already built.

The right time to start investing is as soon as possible.

The earlier you start, the more time there is to benefit from compound growth, which can be a powerful tool in your wealth creation journey.

Even if you start investing a small amount, that is better than inaction and can still generate significant wealth over the long term if you remain consistent.

It is important that before you start investing, you are in a stable position financially by having a stable income, a solid emergency fund in place, and minimal or no consumer debt.  Furthermore, consider leaving additional funds aside in cash if you have a large upcoming expenses in the short to medium term future.

There are a few different ways you can make investments that give your savings a boost and also to grow your overall wealth.

The first place to start is to identify your risk profile.

We take the time to individually tailor your investment and wealth creation strategy to match your risk.

Canny Wealth have been assisting clients for over 25 years to grow their wealth, get in touch with our team to find out how we can help you.