page top
Home / More / Financial Planning / Tips to help build your wealth

Tips to help build your wealth

Attention: open in a new window. Print

  • Consider having part of your salary regularly deducted from your savings account and transferred to investments with a higher rate of return
  • Invest for the medium to longer term which will help smooth out the short term volatility of some investments
  • Growth investments such as property and shares, although higher risk, generally offer a higher return over the longer term than lower risk investments such as cash and fixed interest
  • Avoid investments that sound too good to be true, as this is often the case
  • Consider investments that are more tax effective such as Australian shares
  • Contribute more to super as this is one of the most tax effective investment structures available
  • Diversification helps to reduce risk by investing across a range of asset classes

Why not take a look at our savings calculator which can give you an idea of how much your savings will be worth over time so you can work out how much you need to save. A financial planner can help you identify strategies to build your wealth and can provide advice tailored to your particular circumstances and goals. 

For more tips on how to build your wealth view the Bridges online videos? They cover a variety of topics including 'Getting to know your super', 'Investment fundamentals' and 'Protecting your assets'.

 

Apply Online

 

Quick Forms

 

Calculators

 

Rates & Fees

 

Special Offers

  • placeholder

    Thank you for your excellent service. We truly appreciate it. We are highly pleased with the professional manner in which our personal loan and home loan was fina

    read more
  • placeholder

    One big thank you for your prompt service with our loan. We love dealing with My Credit Union. Over the many years we have used your services we have been so ha

    read more
  • placeholder

    I wanted to say a special thanks to the team at My Credit Union. I've had a long association with MYCU. Congratulations on such a great work ethic and perfect cus

    read more