Where would you like to be in 5 years time?

Identifying Goals your would like to achieve

People have a perception of financial planning being for retirement, or simply as super and insurance. While these are all important components of financial planning, there are many more services your financial planner is able to offer.

As discussed in my earlier blogs your financial advisor is able to provide advice to guide you through your life events, many listed on our webpage.


Sometimes it is not a specific event that for which you would like advice, but a more holistic view, such as where would I like to be in 5 years, A financial advisor can help with this by developing a 5 year plan.

The first step in any financial plan is identifying goals you would like to achieve. Some of these goals are specific, a recent client I saw wanted to go to New York and upgrade their house, and other common goals include things like buying a house or paying it off, saving for your kids education or have enough money to retire.

A good financial planner will assist you in identifying those goals in the fact finding process.

Once the goals are identified a financial planner will be able to assist in putting a plan is place to achieve them. A lot of the ideas are not out of the box, but simply putting a process in place that keeps you on track to achieve your goals. Sometimes they can be a simple as starting a savings plan with a portion of your income dedicated to achieving your goal. Most people find it easier to save into a plan dedicated to “New York” rather than some abstract goal of having more money in the future.

Further to the process being in place there are also technical considerations, things such as taxation, ownership and investment considerations.

Once your plan is in place it is important to monitor that you are on track to achieve your goals and check your progress.  Your situation will change as will your goals, your plan will need change to reflect the new situation. This review process will ensure that not only are you on track to achieve your goals, but always have an eye to the future.

Simply having an idea where you would like to be in 5 years, and having a plan to achieve that is likely to see you advancing financially, if you would like to make an appointment to see us about developing your own 5 year plan please contact future financial services 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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