To have a good financial foundation, you need to have solid goals and a written financial plan to help you get there. The advice that you need from a certified financial planner is entirely dependent on your goals.
Think About Your Financial Goals
When deciding on your financial goals it is a good idea to write down goals for the short, mid and long-term. Once you have more concrete goals in writing your financial advisor can help you to create a plan to achieve them.
This may be something that you wish to save up for, or to pay off personal debt such as credit cards and loans. You may wish to save for a new big screen TV, a computer, a vacation or a new car. Short term goals generally have a one-year time frame. Your short-term goal may be to establish an emergency savings fund. Your certified financial planner can give you sound financial advice to help you achieve these goals.
Your mid-term goals are generally two years or more into the future. Mid-term goals may include building an investment portfolio, purchasing a property, or paying down your home loan. They could include paying up front for a course of study or eliminating HECS debt.
Your long-term goals can be planned for ten years time or more. These can include attaining a comfortable retirement income and having a certain level of assets and investment income. There are government incentives and regulations which allow you to save additional money for your retirement through your superannuation fund. You can easily do this while you are young and still achieve your other goals.
At DM Financial Services we can help you to achieve your financial goals. Our qualified and experienced independent financial planners in Melbourne service the greater Melbourne and South Melbourne areas including Berwick, Pakenham, Clyde and Clyde North. Contact us for expert advice on your financial future.