Wealth and sacrificing your lifestyle | JR Prosperity Partners


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How To Create Wealth Without Sacrificing Your Lifestyle

Australian’s enjoy a great lifestyle. We love our café’s and our beach culture, our bush surroundings and life’s little conveniences that our cities provide. Many of us work hard to maintain a good lifestyle, but when the costs of living increase, we need more money to ease the financial burden.

Many people get caught in the trap of working harder and longer hours to increase wealth for themselves and their family, at the expense of a work-life balance. This is why we turn to investing – to start using our money efficiently to get our time back. Here is how you can create wealth without sacrificing your lifestyle.

  1. Start small and build momentum

Always invest according to your budget. It doesn’t matter how much you invest, what matters is that you start investing. Larger investments provide larger returns, but they also produce higher risk. The last thing you want to do is over-commit your finances and risk defaulting on your loan, or having to take a second job to make up the short-fall in your loan payments.
Starting small will keep your financial commitment low, which allows you the freedom to enjoy your current lifestyle. You won’t have to change a thing. All you will need, is the patience to let your small investment produce enough returns to reinvest into something else. Then continue investing until you have a sizable portfolio, leveraging off the returns from your investments.

2.Leverage your debt

Leverage is basically using someone else’s money to make more money. That sounds far better than using your own time and effort to make more money doesn’t it? You can finance any investment asset which produces enough return to cover the cost of repayments, and increase in value over time. Property is one of the best asset classes, because it does both of those things for only a small capital investment.

The concept of leverage has been known to investors since the 1930s, and it is the single most important strategy to gaining a larger amount of wealth in a smaller amount of time. Leverage can magnify both gains and losses, so it is important to seek advice from qualified professionals to make sure you choose the right investment.

3. Use an investment manager

The most successful investors understand how to make money work for them, instead of working hard for money. They understand how to use their time wisely and the best way to do that, is to hire someone to manage their investment.

An investment manager could be a fund manager, an asset manager or a property manager – depending on your chosen asset class. A manager will have the skills and experience to maximise your return on investment. The time and effort they save you, far exceeds the management fee. Time that is better spent living your best life.

At JR Prosperity Partners, we believe property is the single most reliable asset class to create wealth without sacrificing your lifestyle. We specialise in helping investors achieve financial freedom through property investment. Contact us today on 1300 522 562 or email: team@jrprosperity.com.au.