1. Know your financial starting point
If you don’t know your current financial position, how will you know if your wealth is growing?
If you want to build your wealth, making a list of all your assets and liabilities is a great place to start. You can revisit the list every year to see how much progress you’re making towards building a wealthier future.
Review your current financial position.
Getting your debts under control is an essential step towards a wealthier future.
If you don’t pay off the full balance on your credit card each month, the interest you are charged will increase your debt and it may take you longer to pay off your card.
Work out how you to reduce your balance fast and save on interest.
Video: Ron takes control of his debts
Ron explains how he’s reduced his stress levels by getting his debts under control.
For many people, super will be the main source of income in retirement, so it makes sense to have a pretty good idea of how much you’ve got and how it’s performing. The earlier you take control of your super, the more you’ll have in retirement.
Work out how much super you’ll have when you retire.
If you are not on track for the kind of retirement you want, focus on ways to boost your super now.
Video: Bill and Suzie sort out their super
Bill and Suzie are sorting out their super so they can have the lifestyle they want in the future. Check out their tips on the simple steps you can take now that can make a big difference later. Use our retirement planner and learn how to consolidate your super.
Financial advice can help you clarify your goals and create a plan to achieve them. Depending on your goals and personal circumstances, there are different types of financial advice options available, and various things you should consider when choosing and working with a financial adviser.
Navigate the financial advice process with confidence.