Do you know where your finances are at right now? Do you have any financial goals or plans for the future? Do you have a budget so that you can tell your money where to go? Are you confident that your finances would survive a major crisis in your life? And how about your mortgage? Do you have a plan to pay it off sooner? And is your superannuation really working for you?
These are the kinds of questions that you’ll be asked when you undergo a financial health-check. It’s not designed to be difficult or complex but it’s a chance for someone to ask you a range of easy questions about your personal finances so you can start to make some changes and improve your financial situation. It’s not about how much you earn or how much debt you have. It’s about understanding your current financial needs and where you want to take your finances in the future.
Does your lifestyle cost more than you actually earn? It’s easy to do. More money going out than money coming in. If this is you, then you need to take action to turn it around because the longer you ignore it, the more financial difficulties you’ll face in the future. A financial health check will look at your current lifestyle and suggest some changes to be more in line with your available finances.
Want to invest in property? Want to use your money for long term wealth creation? A financial health check is where it all starts. You need to step up and understand the reality of your current situation before you can start to make changes. As scary as this process may be for so many people, I believe that a future without financial security and independence is scarier!
What better time to start than right now! Start 2017 with clear goals for your money and make a decision about where your money will take you in the next 3-5 years. It’s an exciting process when you decide to take control of your finances and start making them work for YOU!