This means keeping your money in the bank – either in a general savings account or a term deposit. Not much of a return but you face little uncertainty.

A bond is essentially a loan to a public or private sector entity that promises to repay it with interest after a certain period. Usually pay superior interest to cash and term deposits.

Investment properties both listed and unlisted can offer dual returns through rental payments and a projected increase in value over the long term.

You can buy into publicly listed companies via shares. This could include strategically selecting specific companies to invest in or investing in a managed fund or exchange traded fund which is a pooled investment providing exposure across a range of companies.

Can include infrastructure, private equity, commodities, precious metals or collectibles such as artwork and antiques.

Ownership considerations can also greatly impact how fast your wealth grows because different investment vehicles have different rates of tax. Further, the underlying investments themselves have differing tax implications. For example, shares may be “franked” meaning investors need to pay tax on the dividend or “unfranked” meaning the company has already paid the tax up to the 30% rate. Other tax implications include capital gains tax, which is the tax you pay on the gains made through investing.