How many investors achieve what they really want? I would suggest it’s quite a low number. Why is this? It’s probably because most don’t have a good long term plan that they regularly monitor and adjust.
Objectives What is it that you want to achieve? Is it wealth, freedom, time? Your investments are a vehicle for you to achieve your life goals. They are not the goal itself. When you are clear on the big picture it makes it easy to work out what you need to do to achieve those goals.
What is your time frame? Sometimes this is linked to your age and retirement goals. Or it might be something along the lines of getting
yourself into a position where you only have to work four days a week. Having a time frame helps you keep focused. I have always found it
helpful to have both short and long term goals. My short term goals are steps that I work on so my long term goals are a reality and
aren’t some elusive ideas that never seem to manifest.
There are many different types of investments that can help you achieve your financial goals. Part of your decision making process needs to
include your risk profile and how involved you want to be with your investing. For example, using an investment advisor to manage your
investments is usually a lot less involved and time intensive than say owning an investment property that you manage yourself.
Your financial goals are all about the numbers. A really important thing to understand here is that you don’t need to be a financial
whiz to keep track of your wealth. A simple calculator and basic spreadsheet or notebook will do the trick. Write down a list of your
investments, update it at least annually and track how the values grow. Then match this with your financial goals. There are calculators on www.sorted.org.nz
that can help.
The smartest and most financially successful people I know have a really good team of professionals around them to help them along the way.
Rarely does the good old Kiwi DIY mentality help you become financially successful.
It's not just about finding a deal, to truly grow as an investor you need to plan towards your end portfolio and work with people who can help you move towards that vision. iFindProperty has a service that achieves that for clients, and we are excited to share it with you
As an accountant is not a place for my personal political opinions, but professionally speaking I’m pleased with this result, and cautiously
optimistic we might have a friendlier tax environment for the property sector for at least a few years. But what does this mean for property