FINANCIAL RESILIENCE
WHAT IS IT AND HOW CAN YOU WORK TOWARDS IT FOR 2023?

What a year! Many of you have finished with a bang and not the bang you were hoping for as extreme weather events have given the region a pounding like many have never seen before. I can’t believe that here we are at the end of 2022, and we are still banging on about resilience.

It has become that annoying catchword for the past few years following a tumultuous run of drought, bushfires, floods and COVID-19. Even if our properties and incomes weren’t directly impacted by the recent flood disaster, we all know people personally who have taken a huge hit financially and emotionally over the past few years. It has become very personal and it’s definitely something we will all be reflecting on as we gear up for next year.

Let’s dive in and take a closer look at how we at Orange Financial Planning help our clients to work towards building their financial resilience…

OUR TOP 4 STRATEGIES FOR BUILDING FINANCIAL RESILIENCE

We have been working with many people throughout 2022 who have taken a good hard look at their financial resilience. Everyone has been asking themselves – what would I do if my home or my business was hit by flood, fire or other disasters? What if one of us got sick or was injured and couldn’t work? How would we continue to pay the bills, live our lives and work towards our financial goals?

Financial resilience is a long term approach to building a good foundation that can withstand life events that could have an impact on assets and income. Our key aim at Orange Financial Planning is to build that solid foundation with clients to not only protect them, but also provide peace of mind in an event that may significantly impact their future goals.

How do we do this? Our top four strategies include…

  1. Reviewing current personal insurance.
  2. Comparing super accounts.
  3. Reviewing debt.
  4. Reviewing estate planning.

This is a strategic starting point to kick off any road to building financial resilience. Clients are often surprised how easy it is to get started and how much relief it provides in relation to planning for future events that could derail their financial goals.

MAKE 2023 YOUR YEAR… START BUILDING YOUR FINANCIAL RESILIENCE TODAY!

Thanks to all of the wonderful clients I have continued to work with and the new clients I have had the pleasure of meeting in 2022. I look forward to helping you build your financial resilience and shape your future wealth in the coming year ahead!

I hope you all have a safe and peaceful Christmas spending time with the ones that really matter.

Merry Christmas and happy New Year!

Tyron Mitchell

Let Orange Financial Planning help make 2023 your year… start building your financial resilience today! Contact us on (02) 5310 4477 or drop us a line HERE!

link https://orangefinancialplanning.com.au/contact-us/

See here for more information on aged care advice and Orange Financial Planning services…

ORANGE FINANCIAL PLANNING – WHAT WE DO

What We Do

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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