It is tempting to think that the way to wealth is through sophisticated investment strategies or high risk/reward investment opportunities. In reality, it is disciplined cash management practices which lay the foundation for the successful accumulation of wealth.
Accordingly, budgeting, income splitting, salary packaging, the pre-payment of expenses, negative gearing, and the effective use of capital gains/losses, are all opportunities to generate and utilise surplus income that can be put to towards your wealth accumulation strategies, thus assisting you to achieve the lifestyle you want.
