Dare to Dream
If you look up the definition of Financial Planning you will find various answers. For most people, financial planning it is not just about the numbers - the most useful and progressive discussions about financial planning are more about deciding we want out of life, then putting in place a plan to achieve it. Such discussions are also a reminder about the importance of financial independence - whatever life stage we find ourselves at.
Recently, The Financial Planning Association of Australia published a national Dare to Dream research report which has some eye opening insights about how Australians feel about their financial future. The report highlights that while one in two Australians dream more about the future now than five years ago, a massive 63% have made "no plans" or "very loose plans" to practically achieve those dreams.
Interestingly, the report also shows that property is still a big part of the 'Great Australian Dream' (surprisingly even for Gen Y), and that the biggest financial regret in life for a great many Australians is a lack of saving (47% stated this).
I whole heartedly commend this report to you as being an excellent reminder about the importance of financial independence - whatever life stage we find ourselves at.
Future Wealth Planners has gained an enviable reputation over the years for providing progressive and accountable retirement planning advice. Contact us to set up a plan that is right for you.
Source: Financial Planning Association of Australia, Dare to Dream research report, August 2016.
