So, you’re thinking of dipping your toes in the property ocean? Great! Are you excited? We bet you are.
Buying property is likely the biggest financial decision many of us will ever make. It’s exciting and daunting. It could be the first step to some long-term financial security or a stumble, into a mire of debt that’s extremely hard to pull yourself out of.
Millennials, we’re awesome, we’re humble and modest (the most modest generation ever – duhhhh!) we’ve been born at the crossroads of the information technology revolution. We are socially responsible, critical, strive for work life harmony and we know what we want. All that is standing in our way of all worldly possessions is smashed avo toast!
We can see it now... Sipping espresso and dodging scooters in Italy; soaking in the turquoise blue Mediterranean, eating olives and hummus in Greece; haggling with the street vendors while sweating bullets in 100% humidity (most of Southeast Asia). Living life out of a backpack, catching trains and jumping buses, meeting & greeting while it’s all so fleeting - It’s a gap year, baby!
“Is mixing finances with love a smart idea? Am I asking for trouble?”
Alright, so you and your other half are taking that big step. You have made the decision to combine your finances. Striking a harmonious balance between practicality and the nitty gritty of money can easily give anyone the sweats.
The list starts from personal spending, the essentials, bills, living expenses, debt repayments and saving towards your goals. Depending on your situation, the list can keep going! Money management is already so very multi-faceted, this goes up several pegs when we consider finance within a relationship. Suddenly, it isn’t just about you and your goals.
Medical and health-care professionals – we are your best friend.
You are brilliant at what you do, but when it comes to the financial nitty gritty, your head goes into a spin. We are more than understanding on how demanding your job is on your schedule. This is exactly why leaving your finances to the experts is a must.
We hear it all the time. Stereotypes about the financial planning world come by the 100s…no 1000s! More often than not, people don’t realise that a financial planner can be a useful asset to any and every stage of their life.
“Oh! But working with an adviser is just about spending less than what I am earning.’.
“Okay I need help, but is a financial adviser really worth it?”
You have no idea how often we hear this. Too many to count, that is for sure. Most people know that a financial adviser will add value, but the question we get asked is if that value can justify the fees.
Short answer – YES!
We don’t like to think about it, those ‘what if’ scenarios that could put a really unexpected spanner in the works. Those not-so-nice things are unfortunately things we have to consider when we look at entering a professional partnership or starting a business with someone else.
Calling all medical professionals! We are here for you because we get it. Your schedule is tight because your career takes up a lot of it, but somehow you have to also make time for your family and your future. Have you ever taken a moment to pause and reflect on how well you are keeping on top of your finances? *insert hair-pulling* Yes, this can sound like too much at once, being a maestro at all of this is a hard pill to swallow.
OKAY CHILL! Breathe in, breathe out and have a slice of your favourite guilty pleasure. ‘Wait, what? I thought that was doing me more harm than good?’. Sometimes it is okay to take the guilt out of those guilty pleasures. The point of saving and budgeting is not to live like a pauper and miss out on quality life experiences – that is extreme, even for us!