You may start out in life handling your money by yourself and get to a point where you think you could benefit from an expert.
You may find as your life, career and goals begin to expand, you begin to wonder:
Am I making all the right financial moves? Do I know enough about making smart investing choices that can help me meet my financial goals?
Often it can take a stressful financial situation to make someone seek help and guidance from a professional. Worrying over certain financial decisions can undoubtedly take its toll, especially when it concerns long-term impacts.
Making these decisions without any plan or guidance is incredibly risky since it can set you up for failure, which is why it can be crucial to seek financial advice from an independent financial adviser.
A financial consultant can help take you through the complete picture of your financial situation and the options you have. They can help you choose the most advantageous decision that supports your short-term and long-term goals.
Here are four reasons to consider seeking financial planning services:
1. Financial Advice Can Help You Secure Your Financial Future
While it’s perfectly acceptable to aim for a comfortable (even slightly luxurious) so lifestyle, it often comes with a lot of challenges to reach this goal.
You can find a good balance between indulging in leisurely experiences and working hard to pay for the life you want.
A financial consultant may be able to comprehensively look at your financial goals and build a roadmap to maximising your life and making the most out of it according to your standards.
Whether that means early retirement planning or choosing to work a bit longer and go on holiday every year, a financial advisor can help you make smart, balanced decisions that allow you to live a fulfilling life.
2. Support You in Protecting What Matters Most
Most people work so hard to build their wealth and earn money that they forget to make the time to protect their hard-earned wealth. Protection is just as important as owning which is why so many of us insure our cars, our health and our home. But what about our life and our earning capacity?
You may be someone who has resisted the need to purchase insurance at some point. Everyone understands the importance of personal insurance, but it takes the extra step to come up with a personalised wealth protection strategy.
Having the right insurance policy can be an essential part of a sound financial plan, giving you peace of mind on the things that are important to you.
If you apply for your life insurance through a financial adviser, data shows that you are around 50% more likely to have your claim approved1
Many financial advisers have seen the tragic consequences of not being insured, especially when someone can no longer work due to illness, injury, or an accident. As you know, you can’t predict the future and circumstances can inevitably change; not having insurance can make unexpected situations more stressful.
Underinsurance is a prevalent problem in Australia- as only half of the population hold life insurance.1
It can be crucial to seek financial advice to review your insurance needs and ensure you have the appropriate protection.
3. Help You Make Smart Financial Decisions During a Crisis
As demonstrated by the COVID-19 pandemic, a crisis can quickly upend your financial situation. Having a solid financial plan can provide you with the tools you need to navigate certain difficult financial situations, helping you make the right decisions that will put you back on track.
Without any guidance or the help of a financial adviser, you are more likely to make panicked decisions that can backfire.
It’s easy to feel like all hope is lost when disaster strikes. However, working closely with a financial adviser—whether before, during, or after the crisis—can help you get back on your feet, understand the impact of various decisions, and choose wisely. You can be assured you are making logical financial decisions not impacted by emotional or stress that give you financial freedom.
4. Help You Reduce Your Financial Stresses
Whether you’re well-off or struggling, everyone experiences some form of financial worry at some point in their lives. Financial stress can have devastating effects on your physical and emotional health.
The great news is that a sound financial plan can aim to minimise the stress you may be experiencing. While it can’t eliminate worries, it can significantly reduce the number of concerns you have, as it will guide you towards choosing the most appropriate option for your financial situation.
Having a financial plan can save you from getting stuck in tricky situations that will plunge you further into debt. By working with a financial adviser, you’ll get closer to reaching your life goals and live a life you’re proud to lead.
Looking for a Financial Planner in Sydney?
Hyland Financial Planning strives to improve the lives of our clients by providing financial advice in Hornsby and Sydney. Through strategic planning, wealth creation advice, and various financial planning services, we can help you develop a plan to suit your needs.
Contact us today to get started!
