Grab a pen and make up your own mind…
Too many people will sell themselves short when it comes to having the financial future they want because they simply don’t know what to do nor who to trust for help. As a consequence, they never get around to doing what needs to be done. Often, the hardest part is acknowledging where they really are on their financial journey.
With that in mind, grab a pen and answer the questions below and decide in your own mind if you are someone who needs to take action…
1. I know where I want to get to in the short-term, medium-term and long-term.
o Strongly agree
o Agree
o Neither agree nor disagree
o Disagree
o Strongly disagree
2. I manage my money in a way that is putting me on the path to achieve those goals.
o Strongly agree
o Agree
o Neither agree nor disagree
o Disagree
o Strongly disagree
3. I put something from every pay towards my future.
o Always
o Usually
o Sometimes
o Rarely
o Never
4. I save up to pay for things I want, rather than use credit cards or ‘Afterpay.’
o Always
o Usually
o Sometimes
o Rarely
o Never
5. I review my bank statement each month to check where my money is ACTUALLY going.
o Always
o Usually
o Sometimes
o Rarely
o Never
6. If I lost my job today, I have enough in the bank to get by for 3-6 months.
o Definitely
o Probably
o Probably not
o Definitely not
7. I review things like my mortgage interest rate, power bills, phone and internet, insurances etc on a regular basis.
o Strongly agree
o Agree
o Neither agree nor disagree
o Disagree
o Strongly disagree
8. I know when my mortgage will be paid off (if you have a mortgage).
o Strongly agree
o Agree
o Neither agree nor disagree
o Disagree
o Strongly disagree
9. I understand the full future financial impact of buying a new car.
o Strongly agree
o Agree
o Neither agree nor disagree
o Disagree
o Strongly disagree
10. I’m confident my superannuation is being maximised by combining low fees with the right investments for my stage of life.
o Strongly agree
o Agree
o Neither agree nor disagree
o Disagree
o Strongly disagree
Having now answered those questions you will know in your own mind how you are travelling… so one last question:
On a scale of 1 (not at all confident) to 10 (very confident), how confident are you that your financial decisions are putting you on the right financial track?
It’s important to pause and take stock sometimes. Often just taking a moment to reflect can help create some clarity.
I’m on a mission to help as many people in Orange achieve the financial future they SHOULD have, the one they deserve for the years of hard work they’re putting in to earning an income. If you’ve decided you’re not on the path you want to be on, then let’s do something about it!
Cheers,
Daniel
If you’d like to find out more about how INDEPENDENT financial advice could help you manage cash flow, pay off the mortgage faster, get the most out of super and invest wisely, then get in touch on 0411 484 464 or head to wealthtrain.com.au.
Daniel McGregor is the man behind Wealth Train and is a member of the Independent Financial Advisers Association of Australia. This advice may not be suitable to you because it contains general advice which does not take into consideration any of your personal circumstances. All strategies and information provided are general advice only.
Daniel McGregor and Wealth Train are authorised representatives of Independent Financial Advisers Australia AFSL 464629