Financial Planning

Assisting with Financial Planning in Kingscliff

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What is Financial Planning?

BFIT is a financial planning program fully tailored to help you meet your individual financial aspirations. It can help you to create clear goals aligned with your values and then provide a solid financial structure to set yourself up for your ultimate success. It also ensures that if life takes an unexpected turn, you have a plan that safeguards your future. 

 

At MoneySmith Group, we will partner with you on the journey and provide support to keep you on track and focused on your financial checkpoints along the way. Contact us today on 0433 149 788 to learn more about BFIT. We’re here to assist clients throughout the Northern Rivers and surrounds, including Tweed Heads, Banora Point, Pottsville, Murwillumbah, Ballina, Gold Coast and Robina .

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The Program’s Steps

  1. Build a life of purpose: Create clear goals annually, aligned to your values. 
  2. Financial foundations: Putting a structure in place to support your goals and boost your financial confidence to set yourself up for success. 
  3. Invest: Determine your risk profile. Are you a conservative, moderate or aggressive investor? There may be variations in different funds depending on your risk profile. 
  4. Transition & manage: Establish your asset base, then consider the strategies to transition out of full-time employment as you move to financial independence. 
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Frequently Asked Questions

  • How can financial advice help me to achieve my goals?

    Financial advice can be extremely helpful in achieving your financial goals. A good financial advisor can help you to create a budget, set financial goals and invest your money in a way that will help you to achieve those goals. They can also provide you with advice on reducing your debt, saving for retirement, and making the most of your money.

  • What are some simple tips for maximising my savings?

    • Make a budget and stick to it: Determine what you want to spend your money on and track your spending so that you stay within your budget.  
    • Save automatically: Have a portion of your income automatically deposited into savings so that you don't have to think about it.  
    • Invest in yourself: Spend money on things that will improve your long-term prospects, such as education and career development.  
    • Live below your means: Spend less than you earn so that you can save and invest more.  
    • Make saving a priority: Pay yourself first by making savings a priority over other spending. 

  • What are some things to consider when investing?

    • Diversification: Don't put all your eggs in one basket. Diversify your investments to spread out your risk. 
    • Time horizon: How long are you willing to wait for your investment to grow? Are you investing for the short term or the long term? 
    • Risk tolerance: How much risk are you comfortable with? Some investments are riskier than others but usually offer the potential for higher returns. 
    • Goal: What are you hoping to achieve with your investment? Are you trying to save for retirement, or do you need the money sooner? 
    • Taxes: Be aware of the tax implications of your investment choices. Some investments are taxed more heavily than others. 
    • Cost: Don't forget to factor in the cost of investing, including commissions, fees and taxes. 
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