What does financial freedom mean to you?
The ability to travel the world and build a dream home? Or to be able to enjoy a simple but active retirement, and support some good causes? We all have different desires and goals in life, but most of us share the dream that one day we would like to achieve our version of ‘financial freedom’.
The challenge is that most of us don’t really know what it takes to turn our goals, be they vague wishes or burning desires, into reality. However, with just a little bit of forethought, some expert advice, and by acting on that advice, we are much more likely to reach that goal of financial freedom.
Making the list
Your key ally in achieving financial freedom is your financial adviser, and amongst the most important things your adviser will need to know is what your goals are. So, make a list and prioritise it. Which of your goals are essential, and which ones are you willing to compromise on?
Reality check
Just as we have different goals, so do we have different financial resources. One of the first things your adviser will do is run a reality check. Given your income and expenditure, job outlook, health, and family situation, are your goals realistic and achievable?
Your adviser will also check if key goals are missing. For example, life insurance can be an essential tool for protecting your family’s future financial freedom, yet many people overlook it. With the big picture now clear, your adviser can develop strategies that will bring that goal of financial freedom closer to fruition.
Perfect timing
When’s the perfect time to start your journey to financial freedom? Today, because the sooner you get started, the sooner your goals will be achieved. So, think about your goals and desires. Importantly, write them down. If you need help to get a financial plan in place – contact Stu Varidel to arrange a free phone consultation on 1300 861 143 to discuss your unique situation.
Stu Varidel and Your Choice Financial Planning Pty Ltd trading as Heart Financial Advisers are authorised representatives of Sentry Financial Services Pty Ltd AFSL 286786.
The information contained herein is of a general nature only and does not constitute personal advice. You should not act on any information without considering your personal needs, circumstances, and objectives. We recommend you obtain professional financial advice specific to your circumstances. The views expressed here are not ours. While the information contained in this article may contain or be based on information obtained from sources believed to be reliable, it may not have been independently verified. Where information contained in this publication contains material provided directly by third parties it is given in good faith and has been derived from sources believed to be accurate at its issue date. To the maximum extent permitted by law: no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up to date or fit for any purpose; and no party or associated entities as mentioned is in any way liable to you (including for negligence) in respect of any reliance upon such information. This article may also contain links to websites operated by third parties who are not related to us. These links are provided for convenience only and do not represent any endorsement or approval by us.
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