Wealth management discipline secures future financial independence
Where did the money go?
Wealth management discipline requires a strategic wealth plan and will most likely include personal/ family financial budgeting.
The ‘where did the money go’ question usually arises just after the end of each financial year. When we review our ‘annual payment summary’ (if employed) – or our Profit & Loss Statement (if running a business) it is sometimes hard to reconcile the financial outcomes. We look at these statements – and then we look at our Bank account and wonder what happened in between the earning of the money; and what is now left! These statements are about our available financial resource, our cash inflow.
For most of us it is fairly obvious where our cash went –
- firstly, the tax man took his share; then
- the Bank wanted its share to cover the interest and repayments on the house mortgage; followed by
- any finance commitments – and
- oh yes, we have to buy some groceries, clothes, health insurance, education expenses, presents for the family and …
- nobody goes on an expense-free holiday! These matters generally come under our personal expenses category.
Wealth management discipline and the family budget
If your review of your income and expenses reveals that you have failed your wealth management growth test, now is the time to contact Continuum Financial Planners Pty Ltd for advice on:
- getting a plan in place to
- ensure that future financial years end in a way that attains your goals,
- more beneficially than the previous year ended.
Our article, ‘Preparing a family budget‘ could be useful reading at this time.
To talk to one of the Continuum Financial Planners Pty Ltd experienced advisers about these matters, make an appointment, by –
- phoning our office on 07-34213456, or
- at your convenience, use the linked Book A Meeting facility.
You can be assured that we will listen to your concerns (and goals), reflect our understanding of your situation and guide you to strategic solutions to achieving the financial independence you desire in the longer-term.
(This article was originally posted by us in June 2010. It has occasionally been updated/ refreshed, most recently, in February 2025.)
