What financial mistakes have you made? Could they have been avoided?

What financial mistakes have you made? Could they have been avoided?

Have you made a big financial mistake in the past? One that cost you a lot of time and money to fix? One that caused you a big headache? Financial stress can be a major trigger for a lot of people. It is a big burden to carry around, but not one you need to carry alone. Speaking to a professional financial adviser can set your mind at ease once you have a plan in place and a financial goal to build towards.

Financial stress can take a toll on physical and mental wellbeing. In a report conducted by ME Bank in 2018, they found that many Australian households struggled to afford the basics: 45 per cent of households were digging into more than 30 per cent of their disposable income to pay off the mortgage.

The value of financial advice can take many forms. It could be the knowledge that a professional is looking at your situation objectively, the peace of mind you get when you have a plan in place, or it could be the financial benefits you gain.

According to a 2019 CoreData for Fidelity study, 88.5% of Australians receiving advice believe it gave them greater financial peace of mind, and 86.2% believe it gave them greater control over their financial situation.

Financial advisers are required to complete hours of intense training to remain qualified and compliant. Ongoing learning and development is a huge part of a financial adviser's value to clients!

Many financial advisers will often tell you that it is not their clients with the highest income that are the wealthiest. The clients who get advice early in their life, work at it, and take a sensible approach are usually the wealthy – and happy ones.

Don’t let a past mistake deter you from a future goal.

You don’t need to be wealthy or privileged to receive financial advice. It is accessible to everyday Australians who are motivated to get ahead. You can book an introductory meeting with an adviser to better understand what they do and how they can help you – and this first meeting is at no cost. You also don’t need to feel that any financial mistakes you have made in the past mean that you won’t ever get ahead.Leave your mistakes in the past, and contact us to know how to start.

  1. Sources

  • https://www.fidelity.com.au/insights/investment-articles/the-value-of-advice/
  • https://www.fasea.gov.au/continuing-professional-development?
  • https://www.abc.net.au/news/2018-08-06/tipping-point-as-more-households-dip-into-savings/10078724

Laurence Gamboa

Experienced Sales Professional | Expert in Driving Growth & Building Relationships within the Wealth Management Industry

2 年

Great article, very true. Thanks Maryam

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