If you are one of the people seeking financial advice and coaching as opposed to being sold a product, give us a call 98411688. Here at Sound Life one of our major focuses for our clients is cashflow management and budgeting.
Now according to research conducted by Moneysoft, advisers who provide advice on saving, budgeting and cashflow management are having deeper client discussions with wealth accumulators who want to “get organised” and “gain control” of their financial lives.
These advisers are using technology to bring traditional, stagnant budgeting and cashflow processes to life by visually showing clients the impact of their behaviour and how positive changes can help them achieve their goals quicker.
This is music to our ears as the Sound Life Financial Services team have been doing this for some time, helping clients gain a detailed and accurate understanding of their true financial position and identify any behaviours which may be holding them back from achieving their goals.
We have seen a growing popularity of saving, budgeting and cashflow management in the last few years. At Sound Life we know that for clients to achieve their financial goals they need a disciplined money management plan as well as comprehensive, strategic advice on superannuation, investments and insurance. No matter the stage of life you may be at, a well-planned cashflow management plan from Sound Life can be tailored to meet your needs even as they change over time.
Interesting Facts: According to a recent report by ING Direct, 43% of Gen X and Gen Y want help managing their money with special emphasis being on meeting savings goals, controlling spending and paying off the mortgage.
The ING Direct Truth about Gen X and Gen Y Report found the top three medium to long-term goals for Gen X and Gen Y are to achieve a comfortable lifestyle in retirement, travel and provide a good life for their children. On a day-to-day basis, their top financial issues are paying bills, savings, making debt repayments and covering family expenses.
On the other end of the spectrum, demand for cashflow services from Australians in, or approaching retirement is also high as they shift their focus from accumulating wealth to building a regular, reliable income stream for life. Given that many of us will spend over 30 years in retirement, a disciplined budgeting, cashflow and investment strategy is essential.
So in short, as we previously said, if you are one of the people seeking financial advice and coaching as opposed to being sold a product, give us a call 98411688. We offer savings, budgeting and cashflow advice for all walks of life and want to help you establish and achieve your financial goals.
Source: Extracted from an Article by Peter Malekas from Professional Planner May 19, 2016 and ING Directs Truth about Gen X and Gen Y Report
The information contained in this blog is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial planner.