6 tips for investing in your 20s and 30s
Welcome to Smart Private Wealth • Learning Centre • Insights
Welcome to Smart Private Wealth • Learning Centre • Insights
Starting out in their 20s and 30s, early career accumulators usually lack significant financial capital, unless they possess
exceptional skills or work in high-paying industries. Not only do they earn relatively low incomes at this stage, but recent university
graduates may also be burdened with student debt.
But early career accumulators possess valuable assets that older individuals may envy. With their entire working lives
ahead of them, early career individuals have abundant human capital, which is their greatest asset in terms of earning potential.
Young investors in their 20s and 30s possess a valuable asset for investing: time. With a long time horizon until they need to access their
funds, they can leverage the power of compound interest and are better equipped to tolerate higher-risk investments that have the potential
for higher returns over the long term.
For those starting their investment journey, a simple and effective approach is to invest regularly and consistently in basic, diversified
investments.
However, it's beneficial to consider investments broadly, directing your earnings towards opportunities that offer the greatest returns over
your desired time frame.
Here are 6 tips for successful investing and multitasking in your 20s and 30s.
Smart Private Wealth are your partners in wealth accumulation, protection and management for today and beyond.
Paying off your mortgage is a significant financial milestone, but once you’ve reached the halfway mark, what’s the best next step? Should you continue aggressively paying it down, start investing, or focus on building your superannuation?
Retirement is a major life milestone, and planning for it requires careful financial preparation. With people living longer and enjoying more active retirements, having a well-structured superannuation plan is crucial. If you’re aiming to retire at 60, how much super do you need?
With the right strategy and financial discipline, borrowers can take full advantage of rate cuts and get ahead on their mortgage, potentially saving hundreds of thousands in interest.
Self-Managed Super Funds (SMSFs) offer Australians greater control over their retirement savings, and property investment is one way people can take advantage of this flexibility.
The November CPI print showed that monthly trimmed mean inflation decelerated from 3.5% to 3.2%. While services and housing inflation continued the downward trend, electricity prices surprised to the upside after various subsidies came off.
Aged care financial planning is a highly specialised area that requires not only financial expertise but also an understanding of the
emotional challenges families face. In this episode of The Accountant That Builds, host Shannon Smit sits down with Aged Care Financial
Advice specialists to unpack the complexities of aged care funding.