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Featured in the Financial Review: How to avoid the high-income earner wealth trap

1 Minute Read
10/01/23

Our Principal Adviser Mark O’Flynn recently contributed to this article by Lucy Dean at the Australian Financial Review. The article highlights the significant role of long-term, considered investing and compounding on your overall wealth position.

Busy, high income earning professionals can often fall into the trap of doing nothing, simply due to a lack of time, but the impact of inaction can be significant.

The article showcases 4 scenarios – one couple saves everything, one spends everything, one invests everything, and one does a little of each – and explains where each can end up in the long run as a result.

Read the full article by the Financial Review here.

 

Any information in this article is general in nature and does not consider any of your personal objectives, financial situation and needs. It is as intended, to be of a general nature only and NOT a recommendation to you. You should consider whether the information is appropriate to your needs, and where appropriate, seek personal advice from a registered financial adviser.

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Oxlade Financial Pty Ltd holds an Australian Financial Services Licence, Number 535456. Oxlade Financial Pty Ltd’s registered address is Suite 108, 33 Longland St Street, Newstead QLD 4006. Our Financial Advisers provide you with advisory services in accordance with the disclosures in the Financial Services Guide. Oxlade Financial Pty Ltd is responsible to you for all conduct.