Wealth Creation Strategies
Econ Financial Services offers a wide range of wealth creation strategies.
Savings Plans
Simply put, savings is setting aside money for future use. Working hard for your money, you should get good returns on your investments. This allows you to reach your goals faster. Making money work for your future is an important part of financial success. Starting to save can be a difficult process for some, but the sooner you act the better your results are going to be.
There are many different reasons to save money. Some, for example, may save for a large boat they have dreamed about for years and years. Others may save up for upgrades or fixes to the house. Yet others may have children that they want to make sure have money for an education in the future – not to mention the costs of raising children in the modern world. More and more, having a savings plan for the future of your children is a necessity.
Budgeting/Debt Consolidation
If you are one of many Australians who finds themselves in a serious financial difficulty for any reasons, it can be stressful to say the least. Whether it is a lack of savings, poor investment choices, or other events, there are many reasons budgeting and debt consolidation help can be necessary.
Trying to pay down existing debt can seem like mission impossible, especially for those who like to live comfortable while saving for the future. Here at EFS, we offer personalised budgeting and debt consolidation plans that can help you get out of debt and reach all of your financial goals. A single payment can be easier to manage. Some even end up paying less every month because of debt consolidation, making it easier to pay down the debt and save at the same time.
Margin Lending
Simply put, margin lending is another term for borrowing money to invest. Those who like to accumulate wealth quicker learn quickly how to best use their money. Margin lending is different than investing in your home because when you borrow money to make an investment, the Australian Taxation Office allows you to deduct interest payments. This is different than personal home mortgage repayments. Learning how to avoid negative gearing – when loan repayments are more than income received from the investment – is key to margin lending. We can help.
We can also help you with:
- Direct Shares
- Managed Funds
- Property Trusts
- Warrants
- Alternative Investments
- Self Managed Super Funds (SMSF)
