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Beware of little expenses; a small leak can sink a great ship
A Financial Planner can help anyone at any stage in their lives
Don’t fear failure. Fear being in the exact same place next year
You must have goals. When you don’t know where you are going, you generally go nowhere
Financial planning isn’t about making a move; it's about making the best move
A financial plan may include a strategy to create wealth. Whether it be by reducing your debt or looking at various investment strategies, at My Financial Wish we have a look at all aspects of wealth creation. You may be someone who feels comfortable with conservative long term capital growth; you may be someone who likes to take on more risk for greater expected returns; you may want to generate another income stream; either way, we can develop a suitable investment plan tailored for you.
Tax is a topic that is brought up often in conversations. It’s an expense that needs to be paid and many people don’t know why we pay for it. Here at My Financial Wish we can put you in touch with highly regarded tax professionals or even work with your existing Accountant. Budgeting is also another area that we are able to analyse and assist with. Whether it be that you’re saving to double the figures in your bank account, saving for a holiday or a house deposit, we can sit down and structure a strategy to guide you into the right direction.
As part of Financial Planning we also consider your estate. We are able to offer advice on some but not all the structures associated with Estate Planning, these include beneficiary nominations for superannuation benefits and insurance payouts. This is an area of Finance that is often overlooked until the latter stages of life. However we do not know what lies around the corner.
One part of a financial plan is analysing the scenario of you not being able to work and how that will impact your lifestyle and most importantly your family. This area is easily overlooked and brushed aside because to most people it is just another expense; just another insurance policy. Personal insurance policies should be reviewed because they provide you with the protection you may need; it protects your assets, protects you against debts, and everything you have worked so hard for and more importantly is enables you to still be able to provide for your family.
Retirement Planning is a very important aspect of financial planning. This area is so often over looked and quite easily due to the fact that a lot of people are caught up on the ‘right now’ as opposed to the ‘what’s next’. The average Australian retires living week to week on a pension having used up some of their super to pay down their mortgage. This isn’t how retirement should be lived. The phrase ‘Comfortable Retirement’ is thrown around frequently however, most people are not prepared for it. At My Financial Wish we base advice on the position you want to be in when reaching retirement and not just on the basis of your current situation.
We find that Superannuation is a topic that many people don’t give much attention to. If you are or have been an employee, it is likely that you have a super fund, or multiple super funds, that could be reviewed. My Financial Wish can help you find all of your super funds, including any lost super, review and if required; consolidate your funds into an appropriate platform. Super funds generally have default insurance covers that may not be appropriate for your current circumstances, this is another area related to super that we can review for you.<br />
A super review can help ensure that you are not spending more money on fees and policies than necessary; optimising your holdings to enhance potential growth of your funds; and ultimately working towards preparing your super balance for your retirement.
Whether it be helping people to find lost super, minimising your tax
at the end of the year or putting a strategy in place to retire, our
goal at MFW is to ensure you always get the best possible advice.
Cihan is a experienced financial planner having worked in the industry for many years to help families, individuals…
Orhan excels as a personal insurance specialist. He leverages off strong product knowledge to help his clients make…
Christopher is a Paraplanner at MFW. Since joining us he has taken on various responsibilities from…
Jennifer is the Administration Officer at My Financial Wish. Her participation in the practice, completed remotely…
Thank you so much for all your help. I have never worked with such lovely helpful, people. We will be recommending you to others.
I would just like to take the opportunity to thank you for all your help with our superannuation arrangements, and for taking the time to guide us through and explain the process clearly to us! Thank you for your patience and your time.
Thank you for all your help with our personal insurances. You made the process so much easier and we will definitely recommend you to everyone. You are the best!
I just want to thank you so very much for all your fantastic help and advice! Phillipa and I can't thank you enough, it is really appreciated! I've already referred some of my friends to your service. Because I'm so impressed by your service and had such a positive experience; you guys make the process so easy and painless!