Shake up that money tree

If you’ve been following personal finance tips religiously right down to the last letter, you will eventually have got to the point where you have accumulated enough knowledge and money for it to be able to improve your life significantly. You’ve worked harder than the busiest worker bee to get to where you are, you’ve scrounged around and spent frugally, even wisely, and your little nest egg is now the size of King Kong and screaming for your attention. But you have a great job earning you giant pots of money and an investment culture that has paid you rich dividends.

What next?

Life is much, much more than a system of checks and balances. Indeed, often times we forget that as we scrape the bottom of the barrel for that extra bit of money that we so desperately want, the average man always talking about freeing himself from the yoke of debt and being penny wise all the time. But why stay a slave to your income, why not make it work better for you? If you have a thoroughbred in the stable, you don’t keep him locked away for good, for he will wither away. Years upon years of saving have brought you to this point and it is now time for you to make the next step in your evolution; making your money work better for you.

Mind you, our suggestions are by no means comprehensive or definitive; it’s just a push in the right direction for you. Where you choose to go from there is entirely left to your own volition.

Travel the world

The entire world is but a book, and he who has not traveled has read but a page. Quite a few love to travel as and when they get the time to get out, but many equally prefer to just laze about and do absolutely nothing in their free time. While we agree that pointlessness is a joy in itself, experiencing something new and beyond your comfort zone is an exhilarating experience. Sure, some vacations will cost you an arm, a leg and a kidney but there are also those that will not cost you the world to see the world. Do your research before you go, there’s always a trip for every budget and tourist.

Delegate

You’re a force to reckon with within your office confines, rapidly delegating work to those you feel worthy of polishing your shoes. So why stop there? Apply the same entrepreneurial and management principles in your day to day lives as well. Get someone to do your work for you that is better than you and then leave things to him (or her) while getting on with your own life. The internet has made the connection with job seekers and those with needs complete, and you can find anyone to do almost anything for a reasonable fee. Do you need to do a bit of spring cleaning, or perhaps cook a great meal for you? What about that one task you hate doing, something as mundane as organizing your vast collection of DVD’s? You’ll be surprised how much a little money can go a long way towards smoothening out your life.

Get a wealth manager

Some question whether a wealth manager is an expense or an investment. We simply retort by saying that all investments are, by their very nature, an expense. But what makes an investment special is that it is an expense that returns to you manifold. All too often we worry about making money, money and more money and it’s a cycle that never ends. So why not stop worrying about your money and get someone on board to do exactly that? Sure, it sounds like frivolity, but if you can find someone trustworthy to manage your finances, do so. The best ones always pay off their fees several times over.

These are just some possible solutions, but we’re sure you can think of something more to suit your own needs. So look closely at your needs and weigh up decisions before you jump into them and if you can understand how best to channel your money, it’ll look after you just as much as you have been looking after it.