Meet our clients living the ‘healthy wealthy happy’ life today
What were their challenges?
Both James & Alice are highly ambitious with big personal goals. They recently purchased their first home and have a large surplus income, they want to be in the position to start a family in the next 2 years and upgrade to a bigger family home in 5 years all while maintaining their current lifestyle.
What did they overcome?
With a long list of ideal lifestyle goals some of which are conflicting, we worked together to prioritise what was most important and what they both agreed to work on.
How did I help?
We mapped out a strategy to allow Alice a year off work when the first child arrives, with a 100% replacement of income. We mapped out, that based on current surplus income and with an automated savings and Investment plan in place, that they will be on track to upgrade their home 7 years.
What did they learn that I can share?
That they are capable of saving a large amount of money with ongoing financial coaching and accountability. With this maintained level of discipline they will be on track to achieving the bigger family home within 5 years. They personally found the initial plan which showed the home was 7 years away challenged them to review their lifestyle spending to push for what they wanted even sooner.
HOW WE HELPED IN PARTICULAR
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The amount of super you’ll need when you retire depends on your big costs in retirement and the lifestyle you want. The Associate of Superannuation Funds of Australia (ASFA) estimates for a single $44,224 a year and for couples $62,562 a year is how much you may need. This is only an indicator and our advisers assess everyone’s individual circumstances.
The fees we charge for financial advice is only a fraction of the value we derive for our clients, meaning our clients are always better off after seeing us. Rarely do we encounter a new client invested appropriately for their needs, with adequate risk protection, structuring and estate planning provisions in place. Even small tweaks to a financial plan over a long period of time can result in drastically better outcomes for our clients which eclipses the fees of the financial advice. Additionally, you can opt-out of an ongoing fee arrangement at any time.
In our discovery meeting with you our advisers discuss the initial advice fee and the ongoing fees associated with our services.
After our initial phone call to discuss why you are seeking a financial adviser, we arrange a discovery meeting that outlines what is important to you, your current position, our areas of advice, our approach. We then present a Statement of Advice (SoA) to discuss your goals and our recommendations and go through the steps of how to proceed to the implementation stage. After signing the SoA, we discuss your questions, get you to sign the authority to proceed and complete any application forms before implementing the recommendations detailed in the SoA.
One thing to consider is the interest rate on your home loan in comparison to the rate of return on your super fund. Before making a decision, it’s also important to weigh up your stage in life, particularly your age and your appetite for risk. Whatever strategy you choose you’ll need to regularly review your options if you’re making regular voluntary super contributions or extra mortgage repayments. As bank interest rates move and markets fluctuate, the strategy you choose today may be different from the one that is right for you in the future
We know the impact of good holistic financial advice can make and we have the life experience, technical capability and quality support team that can make that difference for you. We’ve empowered over 1000 families through the delivery of great financial advice, to be healthy, wealthy and happy.
We believe the true value of financial advice isn’t found in dollars and cents (although this is important too!) but in the peace of mind a financial plan can provide. It’s knowing where you want to go and how to get there, with a dedicated team behind you every step of the way.