Financial Service Professionals

Most people have no idea where their money goes. They earn it and spend it.

That's great if you want to live from week to week and not concerned about your financial future. However, if you want to increase your wealth and have more options, action needs to be taken otherwise you could end up like most people further down the track, totally dependant on a pension.

John's Story

John is the Marketing Manager for a well-known organization. he is 45 yrs old, single and earns over $100k a year. He is paying off a mortgage and that's all the debt John has.

John buys whatever he likes and says he has more than enough money for his lifestyle … or so he believes. And that's a very important point - John thought he had plenty of money to splurge, however had no idea of where it went. He was at the stage where he wanted to achieve more in his life including taking charge of his financial future.

One of the exercises he was given was to sort all his financial statements - visa card, bank accounts and any cash receipts and list his income and expenditure under specific headings such as: loans, clothing, utilities, food etc. John recorded everything that money was spent on for the past 6-months. He nearly collapsed when he saw how much money he wasted and how much he was overspending! He was going backwards fast and only realized it by doing this simple exercise.

In the past John hadn't put a high priority on his financial well-being as it was just too hard. Being a marketing manager, his life was busy at work and he had a hectic social life. He didn't want to focus on doing something that wasn't exciting like working on his financial future. After all, he had a well-paid job?

John has now come to his senses and knows his true financial situation. If he lost his job, financially he couldn't afford to be off work for more than a month. He realizes that he is responsible for his future.

The area of wealth creation hadn't been of great interest to John in the past. Now that he was undertaking coaching from a financial professional, he was serious about making a change. Prior to writing down where his money was going, John was completely closed to any suggestions to read more about how he can accelerate his wealth (or lack of it), so I didn't pursue this with him. His attitude had now changed so he was ready and willing to move to the next step.

The next move … I referred John to an organization who would look at his total financial picture and be able to recommend what he could do. The reason I chose these financial professionals is because they take a holistic approach to wealth creation. They look at every aspect and provide an on-going education as well as a hand-holding financial professional service.

We met after his first session and John said he nearly had a heart attack at the meeting. when he realized how much money he had been giving away to IRS. Being in such a high income bracket. He now realized that by making some small changes he could keep more money and have investments that over time would accelerate his financial situation dramatically.

He now had enough knowledge to make decisions and take actions that could make him financially independent over the next few years. John couldn't believe how simple it was!

Your Financial Future - Who's Responsibility?

Unfortunately you cannot leave your financial well-being in the hands of anyone else except yourself and get help from a financial service professional.

Having attended many seminars, spoken to wealthy people and to the financial professionals (many of whom aren't independently wealthy themselves), and read many books on the topic of wealth creation, I have found you cannot rely on any one person to delegate your financial affairs to. You need to be proactive and take control of your own life.

How to Take Control of Your Financial Future

Get your finances in order first: You need to know what you spend, what you earn, how much you owe and how much you own … not in your head but in writing. What you think your situation is and what is reality, will more than likely be two totally different scenarios.

If you know where you are right now in your financial situation, you can then seek out appropriate solutions to your specific financial needs.

How to Get Started

Once you've have done some research (and this can happen in a matter of days or weeks, depending on your efforts) then take action.

Take action

Looking after your financial well-being should be a top priority. It's about having choices in your life. Do you really want to work from dawn to dusk to support the lifestyle you and your family have become accustomed to? Wouldn't it be great to go to work because you want to, not because you have to?

If financial freedom is something you want, you have to take action like right now!