The goal of any good financial plan is to set you on the path to achieving the lifestyle you require throughout your life.
Create a financial plan that works for you. Financial planning is much more than budgeting. A Financial Adviser, like our Wealth Adviser, Hayley O’Brien looks at your savings, investments, income, debts, insurance, risk profile and other financial commitments. They take this information and create a plan for your to help reach your future financial goals.
Most importantly, financial planning is a continuous process – the compass that keeps you on track. Having a financial plan will not only reduce stress but help you achieve realistic goals in your life, providing you with certainty that you are on the right track and not leaving your future (and that of your family’s) to chance.
A challenge Kiwis are finding today is that there is no form of financial education available. We have generations of people who have financial goals and dreams, but no way of knowing how to get there.
The banks and financial companies are providing easy access to credit cards to satisfy people’s ‘got to have it now’ mentality. If we knew how to plan for these items, our financial picture would look alot better. The importance of planning in all aspects of their financial life is often overlooked.
You can start with asking yourself some questions:
- Where do I want to be in five years?
- What financial goals do I want to achieve?
- Is financial freedom important to me?
- What do I owe and what do I have?
What’s the process for a financial plan?
- We meet: you’ll meet with one of our friendly Financial Advisers to get a snapshot of where you are now, and where you want to be in the future. We’ll work together to find your personal financial goals that you would love to achieve for you and your family.
- We do: we’ll then go away and formulate a plan that offers smart recommendations to get you to your financial goals the best way possible.
- We deliver: At our next meeting, we’ll deliver ‘the plan’ to you, complete with professional advice and assistance on how to make it happen.
What’s in ‘The Plan’?
The plan is a personal tool you can use to get the most out of your financial life. The plans themselves are very easy to follow and provide simple steps on how to achieve success, not only this your Financial Planner is there to ask the hard questions and to provide support and encouragement.
The plan covers:
- your current financial position (how much you own vs how much you owe), and where your money is going
- your personal financial goals (don’t worry – if you don’t know what your specific goals are, we have ways of helping you figure this out!)
- your appetite for risk
- easy to understand professional advice and recommendations on how to achieve each of your goals within the desired time-frame
- identification of areas where we think you or your family may be exposed to unnecessary risk or could benefit from further advice
Our expertise lies in identifying your areas of need and setting an individualised plan that is unique to you. This process is totally collaborative with you – after all it is your plan!
How we can help
Like a lot of things in life, taking the first step to create your financial plan is the hardest. And sticking to it is often harder. What’s important is that you make a start, as what you do now will impact your financial life in the future.
Like any good plan it requires solid implementation and follow up – it’s not designed to sit in the bottom of the drawer! Your Financial Adviser will keep in touch to ensure things are on track for you and to make adjustments as life happens.
Once you’ve made the first step towards taking control of your money, and your future, we guarantee you’ll feel a whole lot better. If you’d like to have a financial plan that will map out and achieve your life goals, then the time to start is now. If you need a hand, give us a call.
