Building the foundations of your financial well-being

When building a house, you need to make sure that there are strong foundations, supporting your roof. It’s the same with your financial well-being: you need to make sure you have all the foundations in place to support what it is you are trying to achieve.

That’s why the first step in any financial plan is figuring out what you want out of life.

  • Are you planning for a wedding?
  • Looking to start a family?
  • Ready to buy your first property?
  • Planning for your retirement, or looking for somewhere to invest your hard-earned cash?
  • Do you need help making sure you have the right insurances in place to protect yourself and your family?
  • Do you need to upgrade your car?

Once you’ve figured out what matters most to you, we can help you work out the building blocks you need to have in place to meet these goals. Our expert advice can help you make better choices with your finances so you have solid financial foundations to build from.

Cash flow management is all about paying for the things you need to out of the income you earn, and then making sure you have cash leftover where possible.
Your ability to earn income is your most significant asset and is key to making sure you can realise your goals. But first, you need to make sure you are spending less than you earn!

We can set you up with budgeting tools and savings plans to help manage your money.

Managing your cash flow is critical for strong savings and investment – it’s the backbone of any comprehensive financial plan.

Once you have a savings plan in place, you might be thinking about owning your own home.  Home ownership brings a wealth of benefits. It’s your opportunity to stamp your character on a place, create wonderful memories and invest for your future. As your local home loan experts, we’ll take the time to understand your needs and search through hundreds of loans from our wide choice of lenders to find the one that’s right for you. Best of all, our home loan
service comes at no cost to you.

Once you are earning income, or own property, you need to make sure you have the right insurances in place. You probably have your home and your car insured but what about the things that matter most – your health, your ability to earn an income and the welfare of your family? Personal insurance is designed to give you, and those who depend on you, protection from the unexpected – like heart attack, stroke, permanent injury, critical illness or personal disablement.

With statistics from NATSEM showing that more than 1 in 5 working age parents will become seriously ill, injured or pass away – you can’t afford to assume this will never happen to you.

It’s tough to think about, but it’s critical to be prepared. We can help you plan an insurance strategy that suits your situation – and your budget.

Superannuation is a foundation for longer term financial security.

You may not be able to access your super today, but super is money that will help you enjoy life when the time comes to retire.
There's a lot to love about super – it's your nest egg that is growing for the future. Best of all, it's your money and you have control over how it is invested at every stage. We’ll work with you to select the right super fund, work out whether consolidation is the right move, and discuss steps to take to boost your nest egg.

We’ll help make sure your super is working as hard for a comfortable retirement as you are!

With your cash flow, super and insurances under control, it might be time to think about investing to make your money work even harder for you. We all have the ability to become successful investors and the earlier you start, the easier it is to build a diverse portfolio of quality assets. We can help you choose investments that suit your goals, your timeframe and how you feel about risk.

Nobody wants to think about what will happen when they pass away, but it’s important to plan ahead. Wouldn’t you prefer to have some control over things like who will receive what you own (your assets) as well as look after your loved ones? Not to mention how you’d like to be cared for should you suddenly become unable to make your own decisions – medical and financial – in the future?

A holistic estate plan includes having a valid, professionally drafted will. But it goes a lot further than that. In fact, it can be quite a complex area, so it’s a good idea to seek professional advice.

No matter what order of importance you place on these building blocks or the goals you are trying to achieve, it pays to get professional advice to help set your foundations correctly from the start.

At Mortgage Choice, we have specialist services available from qualified Mortgage Choice experts – both mortgage brokers and financial advisers - to help you with the decisions you need to make. We’ll help you set up your foundations now, and then keep in touch with you as things change in your life to make sure your building blocks can stand the test of time.

What matters most to us is helping you to make better financial choices so you can live a better life.

Talk to Luke Howard on 0428 496 694 us today to find out how.

Posted in: Financial planning

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