Financial Planning Week 5-11 October Posted on September 18, 2020
From 5-11 October, Financial Planners like us will acknowledge Financial Planning Week. It’s a chance to remember that sensible and careful planning enables people to build, afford and protect the life they want to lead. To mark the occasion, we are offering a series of complimentary Financial Discovery meetings to the first 15 applicants.
Getting started
In 2017, the Financial Planning Association of Australia surveyed people on the barriers to getting started on ‘living the dream’. 48% of respondents cited a low bank balance, 28% cited not enough time and 26% cited debt.
The pressure of these things is constant, but getting started is the best and only way to break the cycle.
The first few steps are up to you, and Financial Planning Week presents the perfect opportunity to:
- Clarify your goals. What do you want or need to spend money on now and later? This will enable you to backwards design from there.
- Create a savings and debt management plan. This comes out of an everyday household budget.
- Consider your appetite for risk and improve your understanding of investment options.
We recently held a webinar for people who are building their career, maybe starting a family and establishing some wealth fundamentals. The video is available for free viewing here.
What’s in a Financial Plan?
A Statement of Advice is a lengthy, detailed, practical and personal document provided by an accredited Financial Planner to match your goals. It includes:
- Your Financial Details
- Your goals and objectives
- Your tolerance to risk
- A summary of advice to reach your goals and objectives
- Recommended strategy, including opportunities and risks
- Recommended products (such as investment products, superannuation and/or insurance)
- Expected financial outcomes of the advice
- Costs and other important information
Christine Hallowes is a Senior Financial Planner and has more than 30 years of financial management experience. In 2019, she was a nominated finalist in the Australian Women in Finance Awards for Financial Planner of the Year. Christine is a registered Financial Planner with Count Financial and the Financial Planning Association of Australia. She is absolutely passionate about helping people to manage their financial affairs to reach their goals. You can contact Christine with your questions on [email protected]
