7 Golden Rules for Financial Success
7 Golden Rules for Financial Success
  1. Never trust anyone with your money and never take advice from someone rewarded by a commission, or anything like a commission.
  2. Always stay in control of your investments and never allow anyone to make decisions or take action for you.
  3. Diversification don’t keep all your eggs in one basket
  4. It’s time in the market not timing the market
  5. Direct investments in shares and property are best. Don’t use middlemen.
  6. Use one of only two ways to accumulate cash for investing: spending less than you earn and investing the rest; or borrowing to invest. The best plans use both.
  7. Utilising tax-efficient structures such as self-managed super funds and investment companies owned by family trusts.