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Accumulating millions of dollars of debt is not for the faint-hearted. Do you take risks or do you have a more conservative personality when it comes to spending money?
When investing, it is important that you consider the level of risk as well as the return on an investment in view of your circumstances and investment goals. Risk means different things to different people. For some, investment risk means the likelihood of a loss of capital, while for others it is the level of volatility of an investment, or the risk of an asset not producing enough to live on.
Understanding your propensity for risk is something that will help both you and your financial advisers to devise a plan that suits you.
There is no point in maxing out your borrowing capacity and plunging yourself into further debt if it means you lie awake every night worrying about it. You need to be comfortable with what you are doing and that requires a few things to fall into line: motivation, education and planning.
Complete the risk profile questionnaire on the Australian Property Club website.
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