Search My Wealth Solutions

Free Consultation

Financial planning for high-income earners

A high income doesn’t mean you’ve got it made. Many high income earners don’t actually know how to translate that income into lasting wealth. To make it more difficult, the accessibility of ‘nice things’ and the lack of access to social support can create even greater pressure as life goes on. At My Wealth Solutions, we work with individuals and families that enjoy a high-income but who need help translating that into true progress.

Portrait of successful entrepreneur, colleagues working in the background.
Simple, strategic advice to empower your future

Become a master
of your money

You’re making more money than you ever have, but somehow still feeling financial pressure. Your savings don’t seem to reflect the pay increases you’ve received, and it’s difficult to know what is going wrong. 

At My Wealth Solutions, we work with individuals and families that enjoy a high-income but who need help translating that into true progress. Often called HENRYs (High earners, not rich yet), we help you understand exactly how to turn your income into wealth.  We take the pressure off doing it all.

With a dedicated financial advisor setting an effective strategy, you can take getting a financial education off your to-do list. Your adviser has loads of experience in helping you get from where you are now to where you’d like to be.

With our straightforward support you will:

  • Have peace of mind that you’re securing your financial future
  • Make financial decisions you can feel confident about
  • Spend less time worrying about whether you’re doing enough, and more time on what you do best
  • Avoid minor financial issues piling up into one massive headache
  • Understand the tax saving, wealth creation and retirement planning strategies that are available to you
  • Keep more of your  income in your pocket
  • Have a long-term plan that builds real wealth

Turn your income into wealth

When it comes to high-income earners, our goal is to grow and secure your wealth in the direction of your goals. We don’t stop at just investment strategies, we bring a holistic focus that covers taxes, superannuation, salary sacrificing, employee share schemes, property, personal insurance and more. Ultimately, what you want from life is what matters to us.

Real clients, real outcomes

Cheerful mid adult woman smiling at business meeting

The unique challenges of high-income earners

Being in the top 10% of Australian tax-payers comes with some unique challenges that can keep you from building genuine wealth. Once we identify these challenges and how they might affect you, it’s then time to put strategies in place to defeat them.

These challenges might look like:

  • High expenses, particularly housing: A great pay check usually means that you live in a population centre, which means substantial housing or mortgage expenses.
  • Debt pressures:  Many high-income earners are paying off their education loans or HECS-HELP debt, as well as personal loans which can be a significant drain on your wealth creation.
  • The need to keep up career momentum: The requirement to keep up your lifestyle and expenses reduces your freedom for maternity leave or other life changes.
  • Unsure about your financial decisions: Earning a great income gives you more choice, which can make it more difficult to know the best path to take.
  • Lifestyle creep: You feel prosperous and it is easy to mistake this for genuine wealth. Spending more as your income increases can hold you back.
  • Paying more tax: As your tax bracket increases, you may not have built in any tax-optimisation strategies or tax planning. This is a lost opportunity.
Talk to an adviser today

Why choose My Wealth Solutions?

We are more than advisors, we are long-term financial partners committed to helping you achieve your financial goals. Operating with a holistic and empathetic approach, we meet you where you are and craft a strategic pathway to living your dream life, where you, not your money, are in control.
dark blue background

Get a tailored plan that opens up your future

Secure your financial edge

Frequently asked questions

A high income in Australia is usually anything over $150,000 – $180,000 as an individual, or $250,000 – $300,000 as a household. These individuals fall in the top 5-10% of earners in Australia. 

HENRY, an acronym for “High Earners, Not Rich Yet,” describes a growing demographic of young professionals and millennials who earn substantial incomes but have not yet built genuine wealth or improved their net worth. This term underscores the important distinction that a high salary alone does not guarantee financial security or wealth accumulation.

Get expert insights direct to your inbox, spam free..