Wealth Creation
YOUR SUPER POWER
As a topic, wealth creation may not be on top of your excitement list. However, do not underestimate its importance.
Most people will face some form of financial crisis or pressure throughout life, and having the skills to navigate these situations is priceless. Given your age, you have most likely learned from experience.
In challenging times, individuals who manage cash inflows and outflows correctly and accumulate positive asset values are something of a superhero.
TAKE STOCK
You may have already paid off most of your mortgage, are on track to pay off any debt over the next few years and have accumulated a significant amount of super. What is important now is to continue to grow while adequately protecting what you have.
Perhaps you have bought a home, already paid off a substantial amount of the mortgage, are on track to pay off any debt over the next ten years, and are surprised at how much super you have accumulated already.
Mistakes in managing your super in the latter part of your career can be costly.
SUPER MANAGEMENT
If you are unaware of exactly how your super is invested or unsure what impact different market conditions can have on your balance, you might want to use your initiative to find out.
As you acquire a larger super balance, active management of the asset is more important than passive, the difference being you position your asset based upon immediate market expectations rather than expectations over the longer market cycle.
If finance is not your strong suit, it pays to seek high-quality yet affordable super advice to help you make informed decisions.
REVIEW YOUR SUPER
Use SuperWiser to complete a free super review and consider your options.
Create your secure SuperWiser account using your email address and then follow the instructions on screen.
This document was prepared and issued by Super Simpler Pty Ltd (ABN 74 150 240 421) a privately-owned company operating as a Corporate Authorised Representative (CAR No. 468 201) of AXIS Financial Group Pty Ltd (ABN 21 092 889 579, AFSL 233 680). The information contained within it is not advice. It provides general information only and does not take into account your individual objectives, financial situation or needs. You should assess whether the information is appropriate for you and consider talking with your financial adviser before making an investment decision. Information in this publication, which is taken from sources other than Super Simpler, is believed to be accurate. However, subject to any contrary provision in any applicable law, neither Super Simpler, nor its employees and directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it.