Jul 8, 2026 – 5.00amWhen financial adviser James Smith meets a new client, one of his first tasks – particularly if they’re younger – is to get them to the “aha moment”.That is when they realise just how powerful compounding is, particularly if they start investing sooner rather than later. The rest – the importance of a budget (to set aside money to invest) and the need to understand markets (or at least how to begin to invest) – clicks into place from there.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Lucy DeanWealth reporterLucy Dean was a wealth reporter at The Australian Financial Review.Fetching latest articles
Three simple investing mistakes that limit high earners’ wealth
James Smith has been advising high earners and wealthy families for 30 years. There are three mistakes he sees constantly – regardless of the generation.
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