Many of us associate sprawling mansions and expensive cars with wealth, and this association often gets people into trouble with spending and saving. When they start building wealth, they start spending it before it even has a chance to grow. We have seen and heard the stories of people who win the lottery or inherit a large sum of money and how fast the majority of them ends up losing it all due to excessive spending habits.
Now this is not to say that we should just tuck all of our money away and live off canned tuna every day. Enjoy life and live well, but living too big could really set us back. It’s important to find that happy balance between saving and spending, no matter how much money we’ve got.
If you’re interested in getting started on creating wealth for you and your family’s future, visit http://www.ethica.net.au/about/why-choose-us/ to speak with one of Ethica’s financial planners located on the Sunshine Coast.