It’s your future. Do something about it now.

“It’s not the plan that’s important, it’s the planning.” – Graham Edwards

You can have the best plan in the world but if you don’t act on it, why bother with one?

 

Top 5 Tips on How to plan for your financial future.


1.    Avoid the ‘I’ll get around to it later’ attitude

Stop delaying the need to plan for retirement with time-poor excuses, and lack of interest. Time ticks away, and every day you put off planning is a day you potentially forego retirement opportunities.
Don’t just sit on your plans, get things happening. It’s your financial future so make it an urgent priority.


2.    Where do I start?

Many people find it hard to take the first step, so instead of thinking about how do I start, it’s better to visualise the end game.

  1. What is their big picture?
  2. What do they visualise?
  3. What kind of lifestyle do they aspire to achieve?


By starting the planning process with the end sight in mind, it’s easier to take the first planning steps towards this ideal destination.


3.    Why even bother?

Stop thinking about the negative, and take on a fresh positive attitude. Some  do not like to face their realities for the fear of facing a grim outlook but at least becoming self-aware of your financial position and working hard towards improving it, is better than feeling hopeless. Get bothered to improve your situation now to retire with comfort later.


4.    Never assume it’s too late


It’s never too late to make a change especially if it means a brighter financial future. You may have missed out on certain opportunities up to now but it shouldn’t stop you from starting to plan now. In fact, this should be the motivation to catch up on lost time, and start getting a plan together.


5.    Take control


Get into the habit of understanding your financial position, and actually get a budget together. Knowing how much money comes in and goes out means you are in control of your finances, and you can adjust your spending to fit within your means. Get in control, and be the master of your destiny, and don’t leave it to just chance and luck. Only you can make a difference. Making some sacrifices now could mean a better lifestyle for your retirement, and it’s good to learn how to be financially savvy.

Related Article: Planning for retirement must knows and dos

Do you need to further assistance on your planning situation? Our professional advisers can point you in the right direction.

For more help on reaching your superannuation goals, talk to a Dome Financial Adviser in Charlestown, Tamworth and Hunter Valley.

The information contained on this page is for discussion purposes only and is not intended to constitute financial product advice. It does not take into consideration any persons objectives, financial situation or needs. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual before making a decision based on any information on this page.

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