10 / LUXURY LIFE / www.yourwebsite.com
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THE LIFE OF luxury
PEOPLE
If done effectively, asset structuring can provide tax advantages, family tax protection and the longevity of assets.
4. INVEST WISELY
Done correctly, investing in shares, property or a business can help build the cushy life that you’re dreaming of in the future. Just make sure you do the research, talk to a financial expert and always have a clear investment strategy in mind.
5. TIMESHARE A BOAT
Fancy cruising the harbour? Rather than paying for a boat upfront and the ongoing costs of maintenance, you can timeshare it for a fraction of the cost, suggests Chris Magnus at ARK Total Wealth.
6. CANCEL YOUR CREDIT CARD
If you’re struggling to pay off your credit card in full at the end of every month, it might be time to cut it up and switch to a debit card, advises Darnbrough. According to a recent survey, 35 per cent of Australians with a credit card owe a hefty $5,000 or more.
“Many people get stuck using a credit card because they can’t break the cycle as interest continues to accrue,” says Darnbrough.
http://www.news.com.au/finance/superannuation/how-to-live-a-life-of-luxury/news-story/d85aaace5668396fac6959bd064718f4
It’s never too late to talk to a financial adviser who can help you create a plan for your future life of luxury and then implement it.