What are your goals and financial aspirations in life? And how do you plan to reach them? Two simple, but powerful, questions.
We all have different needs and wants in life. For some, the priority is building wealth and planning for a comfortable retirement. For others, it is making their money work harder for them in the short term, so they can achieve a better work/life balance in the medium term. For others again, it is ensuring they have enough set aside to offer their children private school education.
Financial planning is the key to helping you achieve your financial goals. Engaging a professional financial planner and member of the Financial Planning Association of Australia can provide peace of mind as you seek to manage your money, grow your wealth and protect your assets.
To discuss your personal financial situation, book an appointment with a financial adviser at MBA Financial Strategists today. Advisers at our financial planning practice are focused on financially empowering their clients in a transparent and professional manner.
Learn more about our seven-step financial planning process, which has helped hundreds of South Australians find financial freedom.
Give us a call or book an appointment online today.
Financial planning is the process of determining your short and long term goals and then developing a financial and investment strategy to meet those goals.
A financial planner can help you do this.
Think of a financial planner as a personal trainer for your money. He or she can bring the right knowledge, expertise and guidance to help you identify your individual goals – and provide the blueprint for you to achieve them.
In today’s complex and ever-changing fiscal world, it’s never been more important to seek qualified and experienced guidance to help you secure a successful financial future.
A financial planner with a sound understanding of investment, taxation and government rules and regulations can work with you to develop an individualised tailored plan to suit your age, your income, your stage of life and what you are trying to achieve.
It’s about making wise choices about your money today, in order to reach your goals of tomorrow.
Maximising your wealth is based around a three-step strategy:
There are a number of factors that can affect financial planning.
The key factors include:
There’s an old-fashioned notion that only wealthy people need a financial planner.
We challenge that notion.
Instead, we believe there is value in receiving the right financial advice every stage of your life – because tomorrow’s financial success depends on making wise financial choices today.
With the right financial advice, you can confidently take advantage of financial opportunities when they present themselves.
Importantly, you can also guard yourself against events that could prevent your goals from being achieved.
Fast fact: A Queensland University of Technology study found that 83% of financial planning clients report having a sense of security (83%), financial well-being (82%), sense of control (78%) and peace of mind (77%).
A financial planner will work with you to design a personalised and tailored plan, develop a roadmap and keep you on track.
Having a financial plan in place can:
Speak to a financial adviser today.
A financial plan can help you at every stage in your life:
This is a time of growth and establishment. You’re building your career, perhaps starting a family, buying your first home or establishing a new enterprise. This is the time to establish sound financial practices in your life, keep debt under control, protect your most important assets (you and your family) and start building your wealth.
This is the time to start consolidating all you’ve worked for to date. But it is also a time of financial pressure – as you juggle your career with family life and the expenses that go along with it. A sound financial plan can help you build your wealth while protecting you and your family – and your financial goals – in the event of an adverse event. Your financial plan can guide you in investing, building wealth, reducing debt, self-managed superannuation funds, managing tax and preparing for retirement.
You’re still working, but retirement is on your radar. By now, your priorities will be focussed on reducing debt, maximising your super, continuing to grow your wealth and protecting your assets.
This is a period of rest and relaxation, but it doesn’t mean your finances need to rest! Now is the time to put into action your plans for retirement living, gifting to your family and estate planning.
Your financial planner will use a wide range of financial planning strategies and models to help you achieve your financial and life goals. These may include:
Put simply, financial planning can provide a blueprint to financial security and allow you to make financial decisions with confidence.
We are a member of the Financial Planning Association of Australia, and every year, we help thousands of South Australians grow their wealth in a sound and sustainable way.
Why are we different? Because we are passionate about financial empowerment for our clients and ensuring they are in control and understand their personal finances.
Take the first step to taking control of your financial future and achieving your financial goals today by contacting the team at MBA Financial Strategists.
MBA Financial Strategists Pty Ltd ABN 13 008 285 756 is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited, Australian Financial Services Licensee and Australian Credit Licensee. This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.
Diversification is an investment strategy that lowers your portfolio's risk and helps you get more stable returns. You diversify by investing your money across different asset classes — such as...View full article
Key points: The Intergenerational Report 2023 released by Treasury gave Australians insight into the national economy from 2023 until 2062 – 2063 The care and support sector and its workforce...View full article
It has been a wild ride for the Australian dollar since the Covid-19 pandemic struck and that could mean good news or bad news for your investment portfolio. In March...View full article
Iron ore has been the backbone of the Australian economy and many investment portfolios for much of the 21st century. Export of the commodity saw Australia evade recession both in...View full article
Find out how to save money every day and make a savings plan to stay on track. Separate and automate your savings An online savings account is a great way...View full article
It is a special feeling to welcome a new child or grandchild into the world and watch them grow. Sharing their joy as they reach new milestones is priceless. Of...View full article
When life tosses up an unexpected event – such as retrenchment, a medical emergency or even just a big bill to fix the car – it can be nerve-wracking worrying...View full article
Bonds can play an important role in investment portfolios, but what exactly are they, what are their benefits, and how do you invest in them? What are bonds? Bonds are...View full article
Interest rates are an important financial lever for world economies. They affect the cost of borrowing and the return on savings, and it makes them an integral part of the...View full article
Bull market surges have been longer and stronger than the bear markets that preceded them. Bear markets occur when a share market falls by 20 per cent or more from...View full article