The "R" Word - New Year's Resolutions

January 16, 2014
Owen Evans

Does the R-word scare you?  Is the only resolution you've made the one that says you're not making any new year's resolutions?  Well you're in good company, with psychologists and coaches world-wide now quoting research that says you're better off having a few simple guidelines that preferably started at ANOTHER time of the year. Never mind, here's a few ideas you can pick and choose from that will help keep you and your financial health on track.

  1. Seek good advice – just the same as a personal trainer somehow manages to make us turn up to the gym on time and regularly, the right financial advice can help get you on track and keep you there till your goals are achieved. This might be your mortgage broker, your financial planner, or your accountant – or best of all a mix of the people you trust with this crucial stuff.
  2. Get organised – do a simple budget, get on top of what your (combined?) income is and what your expenses are. Make sure you have access to all your statements for any debts or savings that you have. There are lots of online tools, templates and calculators – such as those on the Mortgage Choice homepage   or you can just make some simple lists – make it achievable!
  3. Do some research yourself – you can find out a lot online – try some of the investment advice blogs and sites and get an idea of the bigger picture – eg have a look at for financial planning - but then you’ll need to talk to someone. Think about what you want to do and what you would like to achieve.
  4. Set aside real time to meet with the professionals and discuss your future. Book a time and prepare for your meeting by noting down your goals and plans. And most importantly list all the questions you have, so you don't get distracted by new information and ideas.   Even if you're not ready to act now, an "educational" meeting will set you on the most suitable path for your future – you could end up with a savings plan that puts you in line for a deposit on your first home or your first investment property in 12 months' time.
  5. ACT NOW! – with property, the best time is always yesterday.  It all takes time and the sooner you start, the sooner you'll achieve your goals – whether that's somewhere to live or an extensive property portfolio.

Inspired? If you have any questions or would like to discuss your first steps or next steps just call us – we're here to support you at any stage of your financial growth.

Posted in: Tips

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