We know how important properly managing personal finance can be on your longterm financial success. Our accountants are realistic about what it takes to build wealth for people from all walks of life and we will personalise and manage a plan to fit your individual financial situation.
Tony, Robert and Frank took some time out of their busy advisory schedules to discuss some important advice on Personal Finance for people in Sydney and the Liverpool area. If you’re in need of assistance managing your Personal Finances, watch the short video and gain a wealth of knowledge from our team.
At BTC, it doesn’t matter how big you are or how small you are, it is about the you as an individual and what you want in life. Taking the leap to start investing can be a scary proposition for many investors. We are here to help you avoid the pitfalls that less experienced and even sometimes veteran investors run into. We will develop a practical and achievable plan for you that meets your needs and helps you achieve your goals.
One of the biggest challenges of investing can be simply getting started. Set a goal, be disciplined, and don’t be scared to have a go. At BTC, we are eager to help individuals get started with investing. We are ready to guide you and give you the steps necessary in order to position you to be able to invest. Investing can often be a long process, but the sooner you get started, the quicker you achieve the goals that you have set.
Impatience can be the number one enemy for any investor and patience is possibly the greatest virtue an investor can possess. Investing and creating wealth takes time. It is not something that you will do today and achieve tomorrow. In order to be a successful investor you will need to have an understanding of how it works, the ability to override your emotions, and the patience to invest in the long-term when everyone else is focused on the short term benefits.
Research, research, research. Once we’ve determined your finances will support investment, start researching property markets in more detail. At BTC, we are here to help you investigate before you invest. Even after you’ve purchased your investment property, it is essential to review and assess it each year to make sure it is still performing well and that it continues to align with your investment strategy.
It is important to not be afraid to fail. If we are not failing, we are not learning. Even further, a sophisticated understanding of failure’s causes and contexts will help to employ an effective strategy for learning from failure. Above all, remember to be persistent in the pursuit of your goal learn from your own mistakes, and learn from the mistakes of others.