Why should you care about financial planning?

Why should you care about financial planning?

Financial Planning is still an unknown topic for those who do not have a relationship with a financial planner, and many people still ignore the importance of planning for their financial security and future.

So, let’s break ‘financial planning’ down into easy understandable chunks, and highlight why you should care about financial planning for your future wellbeing and happiness.

What is financial planning?

Financial planning is all about YOU, and what you want to achieve financially for you and your family.

It’s not about which investments you should have or which managed fund you should invest into or which stock or shares you should buy and sell.

It is more than that. It has emotional value attached to it, and it has everything to do with what YOU want to achieve in life, and what means the most to you.

It’s planning for your future. It’s about painting a ‘big picture’ of your goals, dreams and objectives so that a roadmap can be designed to help you navigate your way to your ‘big picture’ destination.

What do you want out of life?

Financial planning is about helping you determine your own answers to this question.

It’s about taking the time out of busy chaotic lives, and focusing your thoughts on one’s situation first, and laying down the steps for a future of financial independence.


To be able to do what you want in life minus the financial constraints.

Financial planning should be a priority whether you’ve just got your first job to starting a family to looking at retirement options. As they say, the earlier you start planning and caring for your future, the better prepared and organised you will be to give yourself an edge or a head start in life that could prove to be the difference in achieving financial independence over financial dependence.

Can you do it alone?

Yes, but do you have the expertise, skills and the strategic knowledge to do a proper job on your own?

And, what about time?

It’s hard enough holding up a full-time job, balancing family commitments with work, and don’t forget your weekends are taken up with sporting activities, chauffeuring your kids from one birthday party to another, and getting ready for the week to start again.

Anything can be done on your own, but when it comes to specialist knowledge based advice, you’d want to make sure you’re getting professional advice that is right for you, personalised to your situation, and most importantly, one that is strategically designed to help you achieve your goals and objectives.

Engaging a trusted professional adviser can make the process easier, and you get your own dedicated ‘coach’ to keep you on track and accountable.  This relationship can be priceless when it comes to turning your financial aspirations into reality.

Don’t forget, YOU are in the centre of planning for your financial future. All planning should revolve around you and your family.

Planning is about guiding you to your desired financial destination.


For help on financial planning for your future, speak to Janet or Ricky.

Are you living the Great Australian Dream?

Are you living the Great Australian Dream?

Are you living the dream?

According to the FPA ‘Live the Dream’ 2017 National Research Report courtesy of www.moneyandlife.com.au/livethedream, Australians are fond of dreaming about their future and are optimistic in their ability to create the life they want.

4 in 5 Australians (77%) believe in their personal ability to create the life they want but only a small 23% of us are definitely or mostly living the dream.

Interestingly, Australians who are actually living the dream are twice as likely to seek  or have sought advice from a financial planner (66%) than those who are not living the dream (38%).

So what does living the dream mean?


Living the dream to Australians mean having the lifestyle of their choice.

To be able to lead the lifestyle of choice equates to affordability and having greater financial independence.

‘Australians in 2017 define the ‘Great Australian Dream’ as the ability to have the lifestyle of their choice, and to be able to create safety and security for their family, own a home, pursue hobbies, and free up time with those they love – all without fear of regret.’

What does the phrase ‘living the dream’ mean to you?


When asked this question Australians defined the following in order of importance:

  1. Having the lifestyle of my choice – 57%
  2. Having financial freedom and independence – 54%
  3. Having safety and security – 49%
  4. Owning a home – 41%
  5. Having a family – 41%
  6. Pursuing hobbies and interests – 40%
  7. Having no regrets – 38%
  8. Freeing up time with those I love – 38%
  9. Setting myself up financially for retirement – 37%
  10. Travelling the world – 36%
  11. Having a plan for the future – 29%
  12. Completing my bucket list – 21%
  13. Excelling in my current career – 21%
  14. Having an impact on my local community – 11%
  15. Pursuing a new career – 8%
  16. Having an impact globally – 8%



With 1 in 4 Australians believing they are definitely or mostly ‘living the dream’ who are they and what has enabled them to achieve their dreams?

Strong Personal Habits

Australians living the dream are family oriented, spending more quality time with their family during the week than the average Australian.

They are five (5) times more likely to meditate or engage in spiritual activity.


Dream about the future

Australians living their dream life dream more about the future than others.

4 in 5 (82%) often or always dream about their future compared to just 61% of those who say they are not living the dream.

Plan ahead and stick to the plan

Australians who are living the dream are planners.

They are five (5) times more likely than the average Australian to plan and stick to the plans they have made (23% compared to 5%).

They are more likely to act quickly on their plans (71% compared to 41%), turning their vision for the future into reality.


High levels of self-belief

High self-belief correlates strongly with those who are living the dream.

Almost all Australians (96%) who are living the dream believe in their ability to create the life they want, compared to just 54% of those not living the dream.

Seek out advice from others

Australians who are living the dream make their financial decisions in consultation with others.

Those who are living the dream are nearly three (3) times more likely to seek advice from a financial planner when making financial decisions (24% compared to 9% of those note living the dream).

Nearly half (45%) are currently receiving or have received advice from a financial planner, compared to just 22% of those not living the dream.

Fewer regrets

Australians who believe they are living the dream are less likely to have regrets in life than those who are not living the dream life.

A quarter (26%) say they have no regrets at all.

Those that do have regrets mostly regret not saving enough (24%) or regret making poor decisions (19%).

Less financial stress

Australians who are living the dream have the lowest levels of financial stress of all Australians.

More than one in three (34%) are not at all stressed about their finances (compared to 11% of those not living the dream).

Just 9% are extremely stressed about their finances, which is true for 26% of those not living the dream.

So what’s the greatest block to living the dream?


Two of the three most significant factors that prevent us from living our dreams are financial.

Having a low bank balance is the biggest dream blocker.

Poor financial planning is a key regret.

One in five Australians believe that poor financial planning is one of their biggest financial regrets life so far (21%).

Research conducted in May 2017 showed that 79% of those who had received advice said their financial well-being had improved since engaging a financial planner (Core Data, FPA Brand Research, 2017).


For help on getting you to ‘live the dream’ speak to Janet or Ricky.