How to build wealth in your 30’s

by Sep 22, 2021Articles

To all the thirty-somethings out there, now’s your time to shine! These are the years that will shape the rest of your life.

If you’re looking for a bright future—that’s not held back by financial worry—here’s some simple tips to start building wealth now so you can chill later.

Consider long-term investing 

Having time on your side—one of the great benefits of being in your 30s—can mean a great deal in the investing world.

Why? If you invest with a long-term plan, you’re less likely to be affected by short-term volatility.

With growth assets like shares and property, your chance of a negative return gets lower the longer you invest. In your 30s you’re in a better position to use that pattern to your advantage – to take on more risk to generate higher returns, if you choose to.

Shares

Generally speaking, shares outperform many other investments over the long term.

There’s also the benefit of dividends. If you invest in companies that pay dividends, you’ll benefit from part of the company’s profits paid to shareholders (generally twice a year). That can be handy income – or reinvested to keep growing your capital.

Property

Owning an investment property may be another way to generate a good income stream – with tenants paying you rent. This income may also help to pay off your mortgage so you can capitalise on another investment later in life.

Like shares, Australian residential property has delivered strong long-term returns.  While less volatile than shares, it’s important to note property values do change depending on supply and demand in the market.

Seek help from a professional 

If you value the experience of experts in other aspects of your life, don’t discount it when it comes to managing your life savings.

A financial adviser is not just someone who helps with investments. Their job is to help you with every aspect of your financial life—savings, insurance, tax, debt—while keeping you on track to achieve your goals.

More importantly, they can answer questions like:

  • How can I pay off my mortgage faster and reduce my debt?
  • What strategies can I use to build my wealth?
  • What age can I stop working and retire? 


Fortress can help you to build wealth, whether it’s in your 30’s or beyond, to achieve the lifestyle you want down the track, contact us today.

Contact Us

Talk to a licensed financial adviser today to put a plan in place to start building your wealth.
T: 07 3506 8777  E: admin@fortressplanning.com.au

This document contains general advice only. You need to consider with your financial planner, your investment objectives, financial situation and your particular needs prior to making an investment decision. Futuro Financial Services Pty Ltd and its authorised representatives do not accept any liability for any errors or omissions of information supplied in this document except for liability under statute which cannot be excluded.”
The Trustee for Fortress Planning Unit Trust Pty Ltd, trading as Fortress Planning Australia is a Corporate Authorised Representative of Futuro Financial Services Pty Ltd ABN 30 085 870 015, Australian Financial Services Licence 238478.