Dispelling the Myth

Only the rich need a financial planner

The greatest myth surrounding Financial Planning is that many believe that it is a luxury for the rich; this is definitely not the case.

The common misconception revolves around many believing the main role of the planner is to invest their money, with the logical conclusion, if I have no money I don’t need a financial planner.  The truth is that Investment of funds is only one function of the financial planner. The role of the financial planner is to assist in identifying financial goals and develop strategies to effectively use your assets and income to achieve those goals. This is a broad all encompassing statement,  but none the less true.

As all of us go through various life stages we enviably encounter life events, that the advice of a financial planner can make a real difference, things such as starting a career or being made redundant, saving for you children’s education or a first home, or even starting a family all have financial planning consequences surrounding taxation, social security and insurance. Proper financial advice at these times will help you achieve your goals.

These are only a few examples of life events that require financial planning advice, our web page as many more examples and links to the advice that may be required this is the link to the life events on our website  http://futurefinancialservices.com.au/life-events

Next blog I will discuss some of the life events and some opportunities and pitfalls surrounding those events.

Feel free to contact Future Financial Services for any further  information on life events or any other financial planning matters, Phone: 02 47276588 or via our contact page.

Author; Alex McKenzie Categories: Future Financial Services Blog

About the Author

Alex McKenzie

Alex McKenzie

Owner at Future Financial Services


  • Paraplanner at Zammit Partners Investments
  • Unit Trust Administrator at Colonial First State


  • University of Western Sydney
  • Penrith High


As a Financial Planner I help people to achieve what they would like in life. This involves helping you to identify the things in life they would like , developing plans to help achieve them and strategies to protect what you already have. We do this by providing Financial Advice to guide you through your life stages.

The financial planning process involves determining a clients current situation and financial objectives and tailoring strategies to assist in best achieving those objectives.

I am an expert in superannuation, investments and insurance, these are tools we use to help you achieve your goals.

I aim to use my knowledge of superannuation, taxation and Centrelink to efficiently use your assets and income to achieve your financial goals.

Retirement and pre-retirement planning, wealth creation, asset protection, insurance planning and estate planning are all areas of advice that I provide.

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