For us the element of Grow is the process of exploring your visions, looking at goals and then making sure we stay the course to achieve them. We want to help achieve both personal milestones and bigger visions. We want to help grow what ever you have.
Capital growth is one of the main reasons people seek out financial advice. The reason is often that they do not have the knowledge, skills and time to research the products, fees, tax implications and the options available to them.
Objectivity and Accountability
Often only later do we discover that one of the most valuable reasons for seeking out help is that our emotions around our money cloud our judgement. Having a person you trust work with you and assess your goals and options, means you can have a professional without bias provide objective guidance. You can then be held accountable to your choices and decisions, questioned on your thoughts and have a sounding board for future ideas.
A good financial advisor should keep you accountable, act objectively and provide clarity when you are making decisions. Even doctors need a doctor and financial planners should themselves have a planner in their corner. That just shows the influence of our own emotions, that even experts require the assistance of something objective.
Investor Responsibility
Growth is a two way street an independent advisor can help you go a long way to achieve your savings goals but you still need to practise your own good habits. Follow the guidance and make sure you understand the advice you receive. This will mean you have a clearer idea of the why when faced with difficult decisions.
Below are a few tips to help you get you started:
- Invest, just start!
Einstein described compound interest as ‘he who understands it, earns it… he who doesn’t, pays it’. Start asking and researching about what you can and should do. Start saving, start investing, start looking for ways in which you can accumulate wealth. - Save at the beginning of every month. Save before you spend. Enough said!
- Have goals
Goals help you to know what you are working towards, it gives a sense of direction and as much as people enjoy the freedom of spontaneity, when it comes to your finances, goals are vital. - Understand wealth
Not everyone is a financial pro and understanding certain concepts are not easy to grasp, but having a financial planner can help to answer pressing questions and iron out fuzzy concepts.
For more information or to start your financial plan contact us
Live Trust Grow Matter
