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Techniques for Building a Solid Financial Foundation

We offer a full menu of financial services from our Perth office. We have financial planners and financial advisors who can help you plan your financial life from now through retirement. We can’t give any specific advice on this blog, but we would like to give you a general idea of what it takes to build a solid financial foundation.

The more solid your foundation, the easier it is for us to help you attain your financial goals. Here are some of the fundamental techniques that we can help you execute.

Building a Solid Financial Foundation

Budgeting

If you aren’t satisfied with your budget or your ability to create one and stick to it, we can help. If you have a consistent income and can stick to a consistent budget, it allows you to know exactly how much you can afford to invest every month. Once we know that, we can offer further assistance.

Managing Cash Flow

This is tied into budget, but also into your investment strategy. For many, budgeting and cash flow are a constant tug-of-war between enjoying life now and having enough for retirement later. Our financial advisors can take a look at your finances and help you come up with a plan that is comfortable for you.

Your Emergency Fund

You never know when an emergency is going to drain your resources. While each financial situation is different, an emergency fund with enough money to cover your expenses for between three and six months can bring you peace of mind, knowing you are prepared in the case of a financial emergency.

Increasing Income

Our financial planners can suggest financial strategies that can help you increase your income. This can be through passive and portfolio income, reducing spending that gives you nothing in return in favour of spending that produces a return on your investment, finding ways to provide more net income from your business and reducing your expenses and taxes.

Call Approved Financial Planners to learn more: 08 6462 0888.