292 Payneham Road, Payneham SA 5070

(08) 8362 0060

(08) 8362 0061

info@owlfinancial.com.au

3 steps to set the foundation of your Financial Plan

3 steps to set the foundation of your Financial Plan

Building your own Financial Plan is like building a house. You start with the foundations.

3 steps to get you on your way to building the foundations of your financial plan are as follows:

  1. Build an emergency fund.
    • Having money on hand for unexpected events is crucial. Having around 10 weeks of net income in an account should take care of all of life’s unexpected emergencies.
  2. Review your existing insurances. Do you have any?
    • Check your Superannuation Fund for some cover 1*
    • Protecting your income through an Income Protection policy is a way to ensure you are protecting yourself against an unexpected illness or accident. Most default Superannuation Funds offer an amount of Income Protection (Salary Continuance) to their members 2*.
    • You will also be given a nominal amount of Life and TPD insurance cover within the Superannuation Fund.
  3. Start Investing your Surplus

Follow these three steps and you’ll have set the foundation for your Financial future.

By Chris Scriva

Further reading

Plan for the unexpected now

Smart Planning

1*A nominal amount of cover that is selected by the Superannuation Fund trustee based on Age.

2*Traditionally the default Income Protection cover offered by a Superannuation Fund is a policy with a 90 day wait and a benefit period that lasts 2 years.

Owl Financial Management ( OwlFM ) is an Adelaide Based Financial Planning Business. We can be contact on 08 83620060

 

 


Financial Advisor Adelaide

We are an award winning practice that has been providing financial advice to South Australians since 1969. We really enjoy getting to know our clients and building a relationship with them that lasts over many years. We have a diverse range of clients from mum and dad to AFL players to ASX CEOs. All of which have a diverse range of financial advice needs and very different relationships to maintain. Our clients describe a 'breath of fresh air', personable, expert and people with high integrity. Clients have also mentioned that they are not treated as a number and the advice is specific to them. Working with clients for clients.

Financial Planner Adelaide

The one most rewarding thing about being a financial planner in Adelaide is when you have been working collaboratively with a client in developing and building their goals and objectives and the come to fruition. This give both the clients and myself a real sense of achievement and to use the famous quote 'are we there yet?' and together we can say YES! There has never been a better time to look towards what you want to achieve and start a financial plan so you can get there too.

Financial Planning Adelaide

A person's financial story is like a jigsaw puzzle... "lots of pieces needing to be put into their correct places". A financial adviser can assist a client to put the pieces in the right places by having a series of simple conversations about where a they are currently situated, where they want to be and what strategies can assist them. Every client has a different financial story and goals. Each jigsaw puzzle will always be different. A good financial adviser is experienced at putting together a wide range of jigsaw puzzles. Helping a client put their own puzzle together and seeing their satisfaction is a wonderful feeling.


Barry Phillis, Chris Scriva, Paul Cetrangolo and Owl Financial Management Pty Ltd are Authorised Representatives of GWM Adviser Services Limited Australian Financial Services Licensee Registered Office at 105-153 Miller Street North Sydney NSW 2060 and a member of the National Australia group of companies.

GENERAL ADVICE WARNING: The advice on this site may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.

Opinions constitute our judgment at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this document. View Terms & Conditions >