Ten investing truths

Seek advice                                                                         Elle Macpherson

 

It's one thing to make it. It's another to make something out of it.

It's no small coincidence that some of the world's biggest earners have people who advise them about how to manage their money. Elle Macpherson hasn't just made money by being the body, she has business brains too - turning her Intimates brand of lingerie into a global success.

But she'd be the first to accept, making money from money is something she's realised is best left to experts. It makes sense not to give up your day job to invest. Seek advice and leave it to experts whose day job it is to do just that.

 

According to a Treasury taskforce, bad financial decisions cost the average Australian around $800,000 over the course of their life.

Why do most people make bad financial decisions?

Because it's not what they're trained to do.

Seek advice from a specialist, a financial adviser.

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