In the last video, we covered Pillar #2 of The 3 Pillars of Financial Freedom. We unpacked 3 important steps people need to master to build longer term wealth.
However, there’s not much point building longer term wealth if your whole strategy is a ‘house of cards’.
In this week’s video we’ll explore Pillar #3 – Protect. We’ll cover the 3 main ways to protect yourself and your family as you build towards Financial Freedom.
Without Pillar 3 it’s like building a house on soft foundations, using cheap material, and with dodgy workmanship.
It would be like trying to climb Everest without safety ropes, an oxygen tank, or a climbing party of Sherpa’s.
Pillar #3 is all about expecting set backs, and being prepared for them when they come along. Remember it’s not “if”, but “when”.
It’s about making sure that your “financial house” stands strong in the bad weather, as well as the good. And it’s about making sure that your “financial house” is protected far beyond your time here.
Matthew Morrison is the Director of Wealth Advisory at The Practice, a Personal Wealth Advisory & Business Advisory firm based in Melbourne & Sydney. Matt along with The Practice team are committed to and passionate about developing & implementing wealth creation strategies for clients to enable them to Fuel their Family’s Future (while protecting them along the journey).
Matt and The Practice team can be contacted via https://thepractice.com.au or (03) 8888 4000.
Disclaimer – the above views and ideas are general advice only and are purely the opinions of the author. It’s important that you seek professional advice tailored to your needs before taking action regarding your financial future. (Also, unfortunately we can’t guarantee the top quality content in this blog will secure you a prosperous future if you ‘try this at home’, or trust any old backyard financial adviser to help you & your family with what is one of the most important decisions you’ll ever make…who to partner with on your quest to build wealth & create future Financial Freedom).