What really keeps you awake at night??
The financial planning industry spends the majority of its time looking well into the future. Superannuation, wills, life insurance…….. Commendable topics which we all need to be aware of for sure. But…
I was reminded, no that’s not the word, I was stunned out of my middle class inertia when I read an article recently in the Courier Mail which gave us a real insight into the “real” Australia of 2017.
The statistics that I found astounding in our land of plenty where the IMF is predicting that our economy will grow by 3.1% in 2017 were:
Really? Asking around, the general response was “yeah we believe that.” If that is the case the finance industry needs to lower its sights to the here and now because if this is so, then hardships await long before retirement.
In our book “They said the World was my Oyster but Someone Stole the Pearl” we noted that many people put their head in the sand when it comes to finance due to the fact that the subject bores them, it is too complex or simply because “she’ll be right.” The above suggests that maybe “she won’t be right.”
We get it. The time to develop sound financial plans was yesterday but today will do just fine if you haven’t started. Doing nothing is not an option.
Where to start?? Simply work out where you are right now and gain some clarity of your personal situation. As a client of ours always says “knowing you’re stuffed is better than thinking you are and doing nothing about it!”
Simple first steps:
Collins Mann ABN 88 098 705 152 is a Corporate Authorised Representative of Magnitude Group Pty Ltd (Authorised Representative No. 267462). Managing Director Russell Mann (Authorised Representative No. 273590) is an authorised representative of Magnitude Group Pty Ltd ABN 54 086 266 202 which is the holder of Australian Financial Services Licence No. 221557.
The information contained within this website does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances. This website holds information for Australian Residents only.