Page 34 - Waterfall City Issue 6 June 2025
P. 34
Waterfall City Finance
ACHIEVING
FINANCIAL
FREEDOM
is a journey, not a sprint
By Adriaan Pask, CIO, PSG Wealth
Recent trends like speculative investments in
cryptocurrency highlight the importance of staying
disciplined. These investments often promise
high returns, but they come with a wide range of
unpredictable outcomes. From that perspective,
the wealth planning value of these assets is poor,
as it introduces a probability of failure to reach
your long-term goals. Chasing quick profits can
undermine your long-term plans – especially if you
end up losing money in risky ventures. Instead,
focus on reliable, long-term strategies that provide
the highest probability of success.
Adriaan Pask, CIO, PSG Wealth There are no quick fixes
While there are no shortcuts to financial freedom,
M any people dream of small, calculated adjustments can yield significant
results over time. Instead of pursuing high-risk
financial freedom, but
investments, you can enhance your portfolio by
the path to achieving it
is often misunderstood.
classes that offer value. For instance, during periods
It’s not a destination you can reach identifying opportunities within conventional asset
overnight but rather a carefully when some asset classes may appear overpriced,
navigated journey. To succeed, shifting towards undervalued ones can improve
you must focus on the long term, your outcomes without introducing unnecessary
make smart adjustments, and risks.
understand the importance of
managing risks and diversification. Understand your unique needs
Your goals, risk tolerance and time horizon should
Maintain a long-term focus shape the strategies you employ to reach your
When pursuing financial freedom, it’s destination. It’s equally important to be aware of
easy to get sidetracked by short-term the risks involved in any investment decision. Risks
setbacks or to be tempted by quick-fix vary depending on the type of investment, so create
schemes. It’s essential to set goals to a plan that balances stability and growth. Rather
stay on track. Define what financial opt for assets that align with your goals and have
freedom means to you – whether shown reliable performance over time, to reduce
it’s retiring comfortably or achieving uncertainty and increase your chances of success.
a specific return (such as a certain Risk management is not about eliminating risks
percentage above inflation) – and let entirely but about making informed choices to avoid
that goal guide your decisions. unnecessary pitfalls.
32 Waterfall City Issue 6 2025
