Pay yourself first – future you will thank you! 

Growing your money is about having the discipline to save regularly, investing in a solution which meets your reward and risk expectations, and allowing time for the magic of compound interest to work for you. 

By saving even a small amount every month and allowing your savings enough time to grow, you'll be surprised how quickly your money can grow.

If you save $375 a month over a 45-year career, with a 6% return and the power of compounding returns, you could have $1 million by the time you retire.*

To help with the discipline of saving, you can pay yourself first.

Whenever you have earnings, the first thing you should do is take a percentage for you and your savings. For example, every time you get paid you could take 5% of your pay and invest it.

There are many ways you can grow your money.

Here’s a list of investment products available:

• Term deposits
• Registered plans
• Mutual funds**
• Stocks and bonds**
• Responsible investing**
• Low-fee investing**
• Investing on your own**

How to get started growing your money

The best way to get started growing your money is to meet through Credential Securities and Credential Asset Management Inc. to talk about your short and long-term goals. We can help determine what returns and risks you are comfortable with. Once we have a good understanding of your situation, we can recommend a plan and the best investment vehicle to fit your life.

You might also be interested in...