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WHAT KIND OF INVESTMENT PORTFOLIO SHOULD EVERY AUSTRALIAN AIM TO HAVE BY AGE 35?
When I was in my 20’s I couldn’t think past my next footy game, or the next night out with the boys. Your 20’s are a fun time in your life with all the partying and hanging out with your mates, it can be easy to forget about the future. Especially, when there’s very little guidance on the sorts of assets that you should be building up.
What you really want to avoid is waking up at 35 and having no assets at all.
EVERY ASSET AUSTRALIANS SHOULD AIM TO HAVE IN THEIR PORTFOLIO BY MID 30’S:
- Start Building Your Super – Make sure you’ve started building your super, better yet make sure its consolidated into one fund and give it a super charge every month by making some additional pretax contributions on top of what your employer is already depositing.
- Buy an Investment Property – Buy an investment property or a share of an investment property, making sure that you maximise your repayments before your kids arrive and while your cash flow is strong.
- Contribute to Share Portfolio – A nice way to compliment your property investment is to contribute to a share portfolio, this additional diversification means that not all of your eggs are in one basket.
Get moving and start building your assets now!