One of the services we offer is called “investment planning.” When potential clients call our Perth office and ask for an individual consult, one of the first things we ask is “what are your investment goals?” Often, the answer is “I don’t have any investment goals.” This raises what we see as an obvious question: “How can you have an investment plan without investment goals?”
Remember that all information here is general. We cannot provide any individual advice on our blog. If you want advice, you will need to call us and arrange for a free consult. Here are three tips for getting it right.
Getting a Handle on Finances
Whenever we provide an individual consult, it always goes better if you have a handle on your finances. This means knowing how much money you have coming in every month, your assets, how much money going out every month and your debts. People who know this information tend to be more efficient at saving money, which can eventually be used for investments.
Setting goals is the foundation of any plan. It is impossible to have a real financial plan without financial goals. These can run the gamut from short term goals, such as paying off a credit card, to long term goals, with the ultimate being retirement.
Your financial goals will determine the amount of money you need to make them happen. For example, when do you want to pay off your home mortgage? How about your car or truck? Will you be putting children through college? Do you want to keep your current home, buy a larger one or downsize? Do you want to travel?
All of these questions are important.
Calling Us for an Individual Consult
At Approved Financial Planners, we not only have a wealth of experience in serving the Perth area, but we now have the resources of AMP behind us. You can make us your “one stop shopping” outlet for financial planning, retirement planning, superannuation and mortgage broking, all from our Perth office.
To learn more, call 08 6462 0888 today.