The starting point of building wealth is to spend less money than you earn! Although today, this is easier said than done. The majority of people cant manage their money, have too much debt and live well beyond their means.
The first step to developing a successful financial plan is to know what you are spending. From there we can help you develop an appropriate budget to help you achieve your short, medium and long term goals. We know Budget is a dirty word and that is why at Wealth Mantra we have developed some clever strategies and a Money Management program to help you stick to your budget without the stress
Another important step to building wealth is to understand and manage debt. We can develop a personalised strategy to help you eliminate personal debt and home loans and then use investment debt sensibly, to tax effectively build wealth.
Here are some strategies we can use to help you manage your debt and cashflow more effectively:
Everyone hates budgets (except politicians!) and like diets, most budgets only last a few weeks at best. Wealth Mantra can help develop an appropriate budget and then implement strategies which will help you manage your money without thinking about it.
We have seen how powerful good money management can be that we spent several years developing our Money Master program. This program combines the power of real time reporting with one on one coaching to ensure you learn how to take control of your personal finances sooner and create good long term money habits.
Debt Reduction strategies
Whether its too much credit card debt or a desire to own your home before your 60, we can develop a tailored debt management strategy to wipe years and many thousands of dollars off your debts.
Can’t decide whether to pay off your mortgage sooner or start investing? Merideon can show you a sensible strategy to allow you to do both and build an investment portfolio which will help you reduce your mortgage.
Once your cashflow and debts are under control, we can develop a tax-effective investment strategy to help you leverage your wealth creation.
If you would like more information on our debt and cashflow solutions or would like to discuss how we can help you achieve your financial goals