WHAT’S YOUR NEW YEAR’S RESOLUTION & HOW CAN ORANGE FINANCIAL PLANNING HELP YOU TO MAKE IT HAPPEN?
A new year is always a time of reflection and thinking about the big picture of your life. Many of us have the little things in our lives that we were going to improve come January 2022.
Get fit… drop the Christmas (and Covid) kilos… spend more quality time with family… make time for creativity/hobbies… travel more… get more balance… get more organised!
The list can be endless!!!
Due to the nature of the past few years, many of us will be putting extra focus on the big picture improvements we’d like to make in our lives in 2022. Like it or not, our finances will always factor into the equation when it comes to the big picture.
Here at Orange Financial Planning, we believe the two are never exclusive – that is, your goals are the first thing we look at when we start the process of making a financial plan.
We believe in focusing on every aspect of your life, as each area can affect another. As shown below in Your World, it is important to understand your – Goals, Concerns, Interests and Current and Future Situation.
A GOAL WITHOUT A PLAN IS JUST A WISH!
I know financial planning and the process can all sound a bit dry and unmotivating. Here at Orange Financial Planning, we are actually in the business of dealing with your “big picture”. It’s central to what we do and is what the process is ultimately all about.
People come to me and say I want to get my finances in order. The first question I ask them is “WHY?”. What are you hoping to achieve – a goal without a plan is a wish, but your goal will have no backbone without knowing why you want to achieve it. The whole thing is pointless! That’s why establishing the “why” is one of our first steps.
ESTABLISHING YOUR GOALS WITH ORANGE FINANCIAL PLANNING
The first step in our process is always to lay the foundation with an in-depth goal establishment exercise. Many people have already put some groundwork into this process – often it’s what has led them to me in the first place.
The aim is to provide clarity around your financial destination. To this end, we ask open-ended questions about needs, goals, dreams, objectives, risk-appetite, past experience, financial strengths, and weaknesses.
An important step at this stage is also for me to define my role, responsibilities, and services to you as the client as well as your responsibilities as a client in this process. Once an agreement is reached about goals and the relationship, the process moves ahead.
NEW YEAR HOMEWORK – WHAT’S IMPORTANT ABOUT MONEY TO YOU?
A simple thing you can do NOW to start on your journey to reach your goals is to do one useful exercise. Understanding what drives you about money helps us create a tailored plan to suit your individual needs.
It’s a great mental leaping off point to grab a piece of paper and rank the below in order of the importance of money in your life…
- To protect your family.
- Build your wealth.
- Pay for your current lifestyle.
- Plan for future retirement.
- Reduce your current debts.
- Create more freedom.
HITTING YOUR GOALS IN 2022!
A new year is the ideal time to begin putting plans around your goals. It may be the line in the sand that you need to get you moving towards the life you ultimately want.
My best advice is not to sit on your goals and let them turn into all the other New Year’s resolutions out there that will disappear in the haze of the end of summer.
Now you have begun the process of seriously thinking about your big picture – act on it! Give us a call at Orange Financial Planning TODAY! We can help you to make your resolutions your reality in 2022.
Looking forward to helping you reach your goals in the year ahead!
Contact us today on (02) 5310 4477 or drop us a line HERE!
See here for more information on the steps in your financial planning journey…
Mitchell Advice Pty Ltd ABN 44 625 356 872 t/as Orange Financial Planning is a Corporate Authorised Representative of Synchron AFS License No 243313. Unless specifically indicated, the information contained 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 personal advice from a financial adviser.
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