Andrew Zbik is a seasoned financial planner and he thought first-time investors might value the views of wealthy people about how to make money and keep assets.
Many of these opinions are self-evident but there are still some surprises amongst their views on wealth.
Some of the steps wealthy people take:
- Pay for proper advice
- Outsource what they are not good at
- Always have credit/cash available
- Do business with people they know
- Don’t try to get rich quick
- Stick at it … but cut losses when right to do so
- Use loyalty points’ schemes well
- Business provides cash flow … take profits and build real wealth in assets
- Buy business premises
- Ask lots of questions … not scared to ask silly questions
- Refer friends, family, colleagues to trusted professionals
- Paying tax is good … minimising is even better
- Invest in what they can control
- Know their finances intimately
- Keep their books are up to date because cash flow is king
Andrew will be launching a series of personal financial training courses in Sydney in second half of 2020.
Media enquiries
Andrew Zbik
Senior Financial Planner
Creation Wealth
0422 038 253
andrew.zbik@creationwealth.com.au
www.creationwealth.com.au