Make your money work for you
Speak to a specialist ph: 03 9848 9811
Monday – Friday 8.30am to 5.30pm (Melbourne time)
Make your money work for you
Speak to a specialist ph: 03 9848 9811
Make your money work for you
Speak to a specialist ph: 03 9848 9811
Monday – Friday 8.30am to 5.30pm (Melbourne time)
Make your money work for you
Speak to a specialist ph: 03 9848 9811
As you grow older, you start to be more aware of your financial position in the world – and far keener to begin building and consolidating your wealth.
But growing your own personal finances can be a complicated task if you’re not familiar with all the options available to you. Where and how do you begin? Once you’ve started, how do you ensure your wealth is protected? And how do you know it’s on track to meet your goals in the future?
To build your wealth, you have to first look at your personal finances and spending habits. You may want to assess budgeting options to channel money towards a savings account. With these savings, you can achieve any number of goals, including investing to expand your wealth base.
It’s always worthwhile building a goal-oriented financial plan. Such a plan would include:
You may want to focus your attention on eliminating any debt, whether it’s HECS debt, credit card debt or a car loan. Or you could consider putting away any additional savings into an appropriate investment vehicle.
Knowing what type of investment to make is the most important factor you’ll need to consider. It requires knowing a bit about yourself. You’ll need to ask:
It’s worth evaluating your short-term goals (the next six months to two years), medium-term goals (the next two to five years), and long-term goals. Are you saving to buy a car, start a business or buy a home?
These goals will influence the types of investments you’ll want to make, whether it’s in cash, equities (shares), property or fixed income (such as bonds).
At Scholten Collins McKissock, we’re familiar with the wealth-building journey. We can offer a range of services to help you understand and meet your goals, including:
If you’re looking to begin building your wealth journey, you could benefit from the expertise of a financial adviser. Contact us today to organise an appointment.
We can help you at any stage of your life. Whether you’re starting your first job or planning for your retirement, we can provide expert guidance and knowledge.
Get in touch with us today for more information on how we can help you manage your wealth, and to book an appointment with one of our advisers.
At SCM, we believe our success is largely due to our people – their expertise, professionalism and their commitment to you – our clients. We build lifelong relationships with our clients that are based on a real understanding of your situation and your goals. We work hard to get to know our clients. We listen, explain and educate.
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DISCLAIMER: It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account. Neither Elect Wealth Management Pty Ltd, an Australian Financial Services Licensee, nor its authorised representatives and Elector Pty Lt atf Scholten Collins McKissock Trust warrant or represent that the information in this site is free from errors or omissions or is suitable for your intended use.