When making long-term plans the first step is to set out your financial goals.
We all want to build enough wealth to provide financial security and a comfortable lifestyle. There are many options to choose from, so it is important to seek professional advice.
Superannuation may suit someone wishing to minimise their long-term tax liability, whereas if you are seeking high growth over a long period and are comfortable taking on more risk, you might consider borrowing money to invest.
A financial plan can provide direction and discipline. When making long-term plans the first step is to set out your financial goals, which means deciding what you want to achieve and by when.