Financial planning is ultimately a story about people and lifestyle. The truth is that if you get on top of your financial situation you will be empowered with choice – to do the things you want to do on this short time we have on the planet! A financial planner can help you set some goals and come up with a realistic strategy for achieving them.
On the flipside, not having a financial plan has some common consequences including a lack of savings, spending beyond your means and greater debt. In short this leads to less financial security and greater stress. A recent survey by Vanguard of more than 1,500 advised investors in the United States, found that human advisers increased the financial peace of mind of investors by 56 percentage points. This is compelling evidence if you are thinking about seeking advice.
Here are some good reasons why it’s worth investing some time in your financial plan.
EARLIER RETIREMENT
You may be amazed to learn that you can retire earlier than you thought you could. If you are not inclined to keep a close eye on the balance of your super and other assets you may be pleasantly surprised to learn just how much these have grown in value. And if you are not quite there yet a financial adviser can help you come up with some strategies to accelerate your retirement nest egg.
More time to pursue hobbies or learn something new
Financial security can provide you with access to more time as well as funds to pursue other interests. Maybe you have always wanted to learn to paint. Perhaps you would like to study again. Learning new things and meeting new people who share common interests can enrich your life in ways you may never have imagined – because you have been too busy working. The other great benefit of a financial adviser is that they do all the hard work for you such as researching investments and attending to pesky paperwork. In the meantime, you can go and play golf!
TICK OFF YOUR BUCKET LIST
If you’ve always wanted to go on African safari or see the northern lights put it in your financial plan! A simple savings plan will get you there eventually. It’s about setting the goal and it is motivating. It takes the focus away from the dry idea of spreadsheets and money to the emotional value from planning.
LIFE IS TOO SHORT
It’s a cliché, but it’s true. None of us know how long we have - why waste it with unlived possibilities? We need to make things happen. Committing to a financial plan can give you the freedom to pursue your dreams.
Life is for living. There’s nothing we love more than helping our clients to achieve peace of mind and living their best life. You work hard and your money should too. We can help. Get in touch.
General Advice Warning: The information provided in this article is general in nature and does not consider your particular investment objectives, financial situation, or insurance needs; we therefore recommend you seek advice tailored to your individual circumstances before making any specific decisions.
Dobbrick Financial Services (Gympie) Pty Ltd ABN 48 931 205 109 and Dobbrick Financial Services (Ipswich) ABN 86 100 184 521 & DFS Oakland ABN 64 340 527 395 and their advisers are authorised representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306.
