06
June
2016

Where will you be in 5 years’ time?

we need to start planning now

Do you remember 2011? If you are like me, it seems like yesterday! 5 years can go quickly and if you don’t make plans, 2021 will be here before we know it and we will still be where we are right now.

Most of us have dreams of how we would like our life will look in 5 years’ time. Some will have specific goals but most of us don’t have a plan to map out exactly how we will achieve these goals.

As a planner, one of the things we like to do is get our clients to articulate what they would like to achieve for both their financial and lifestyle goals. This is important as most lifestyle goals are heavily linked to our finances.  The mere act of sharing goals with another person makes us more committed to achieving them.

Although traditional financial planning goals seem to revolve around retirement, there are a number of other goals much more relevant to younger clients.  Many of our clients are either planning to buy or upgrade their home, planning a dream holiday or to become debt free.

Once we have established what we are working towards it is a matter of establishing a plan, how much will this cost, from where in the budget will we re-direct funds and how long will it take to achieve it.

All of a sudden we are moving forward! These goals will be fluid, as life moves forward we will be continuing to achieve goals and make new ones. This is why the financial planning review process is so important. Our goals aren’t point in time, nor should our financial plans be. If we continue to update both our goals and our financial plans, we are far more likely to achieve what we would like in life.

 

Before we know it, we will be bringing in 2021.  If we want to turn the visions we have for our future into reality, we need to start planning now.

Author; Alex McKenzie Categories: Future Financial Services Blog

About the Author

Alex McKenzie

Alex McKenzie

Owner at Future Financial Services

Past:

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

Education

  • University of Western Sydney
  • Penrith High

About

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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