Starting With an Adviser
How to get started with a financial planner?
It is often difficult to get started planning your financial future. Many people who have just entered the workforce want to enjoy their earnings by purchasing a new car or home. But when you are young it is best to start investing for your future. Your money will have longer to work for you and earn, than if you begin in your 40s or 50s.
The financial advisors at iMoney Wealth Management will review your situation and help you dissect different areas of your life to find a solution for achieving your financial goals. Some of these areas include:
- Managing debt
- First Home Owner Savings Accounts
- Income Protection
Our financial advisors can help you during our FREE initial consultation - savings of $350. They will evaluate what areas of your spending and investment strategy need to be addressed to achieve financial stability and wealth for you and your loved ones.
Realise the Power of Budgeting
A budget can be powerful even if your goal is only to spend money elsewhere rather than invest it. Having a budget will allow you to save your money for the important things in life rather than fiddle it away on small things that you are likely to see the trash bin in the near future.
Some people believe that can’t budget. The reality is that anyone can budget. With the help of iMoney’s financial advisors we can help you to understand where you money goes and take control of it to achieve your goals.
One must be careful when acquiring debt. Debt may help you to buy property, a car, or purchase investment assets. Though if you are not careful, ‘bad’ debt may have a long lasting impact on your financial health. Therefore it is essential to examine your debt and payoff any bad debt to ensure a better financial future.
First Home Owner Savings Accounts
An excellent tool for saving for your first home, first home owner savings accounts offer you a simple, tax-effective method of saving for your first home with the help of government contributions and lower tax rates.
To be eligible for one of these accounts you need to be:
- 18 to 65 years old
- Have a tax file number for opening a first home owner savings account
- Never owned a home in Australia
- Don’t currently have a first home saver account
One of the things that can cripple you earning potential is the loss of your ability to earn. Most people don’t prepare adequately for this situation. For example if you are currently earning $850 a week and are 35, you would earn more than $2.9 million before the age of 65. Those are the earnings you need the help of a financial advisor to protect.
What would happen if you were unable to work as a result of illness or injury? You would no longer be able to pay your bills and expenses. With the help of iMoney Wealth Management we can make sure that you are prepared in the event that you are not able to work. We can help you to find the income protection insurance that will protect your financial stability.
Start planning your financial future today with a free financial consultation with iMoney’s expert financial advisors. Grab our $350 dollar financial planning service for free! Book online now or call 13 000 iMoney (13 000 46566) for your first free meeting.