How to achieve your financial goals

By Jarryd Brennan
Financial Adviser
17 June 2022

The word ‘unprecedented’ has received a lot of airtime in the past two or so years, and with good reason. We are living in an extended period of global economic and social uncertainty with further disruption likely ahead.

Where it all leads to, I don’t know, but what I do know is that it has made managing our money both more difficult and more important at the same time.

With uncertainty seemingly around every corner, it’s times like these that it pays to have a tailored financial plan in place. As the saying goes, failing to plan is planning to fail!

The reality is that we will all live through multiple events that have the potential to impact our finances in a significant manner – it just so happens that we are now experiencing several in quick succession, making it increasingly difficult to see the forest for the trees.

Having a financial plan in place can be the difference between going backward or continuing to move toward your financial goals, especially in times of uncertainty when anxiety or decision fatigue can set in.

How a financial plan can help

  1. Clarity of vision: Think of your goals like puzzle pieces – a jumbled mess of small ones that ultimately reveal your big picture. Working with an adviser to put the pieces of your financial future together will give you a clear vision of what you want to achieve.
  2. A point of reference: Having a financial plan can keep you on track and accountable. It can help you to block out the noise and remind you of the ‘why’ behind what you’re doing.
  3. Direction: Having a plan and direction for your finances takes a massive load off your shoulders and can reduce mental stress and strain, especially in the face of uncertainty. Working towards a goal can give you a feeling of accomplishment and help you feel more optimistic about your future and where you are going.
  4. Contingency planning: While most people think of investing when it comes to financial planning, contingency planning and creating a proactive strategy for risk management is also an essential part of the process to put clients in an empowered position to deal with uncertainty.
  5. Experience: When things are great, we feel nothing can stop us. And when things go bad, we look to take drastic action. Having access to ongoing advice and the guidance of an experienced adviser to help navigate through the present and future challenges can prevent investment decisions from being ruled by emotion.

Even if you have your financial house in order, a financial adviser provides the comfort and peace of mind of a well thought out plan, a plan that ensures you are better prepared for the future. Contact the team today.