Newspaper article The Northern Star (Lismore, Australia)

Super Is One of the Easiest Ways to Effectively Build Your Wealth

Newspaper article The Northern Star (Lismore, Australia)

Super Is One of the Easiest Ways to Effectively Build Your Wealth

Article excerpt

APPLICATIONS, or apps, are designed to make our lives easier, to take short cuts and to do things so much quicker when online.

It would be great if there was an app for wealth accumulation, higher returns, or an app that pays off your mortgage quicker. Unfortunately there isnat one ... yet.

To accumulate wealth there is no shortcut. Those that believe there are, usually fall victim to investment scams or make investments that lead to financial ruin.

It seems sayings such as, aif itas too good to be true, it probably isa and aa penny saved is a penny earneda have become somewhat old fashioned and forgotten, in our modern age of easy credit and words like apps.

So what are some strategies if there are no apps around? Consider paying yourself first, either into savings, super or the mortgage, where you regularly set aside some of your income before youare tempted to spend it.

Stay clear of investments that are hard to understand or offer unrealistically high returns. …

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