Top 4 Reasons Why We Should Plan For Our Future


Some people don’t like to plan. They prefer their life to be a little unpredictable and somewhat dangerous. This is fine for your day to day activities and it’s good to have some unpredictable things in your life, but when it comes to you and your family’s financial future, then that is a different ball game altogether. This is something that we, as Australians, need to prepare for and much like we wouldn’t set out on a road trip without a map, the same applies here. Making a financial plan has many benefits and we will discuss some of them now in order to help you make the right decisions.

#1. The Future – When we are young we don’t think about tomorrow or next week, never mind in thirty or forty years time. It’s normal and we all do it, but at some point, we do start to realize that we haven’t prepared for our twilight years and it suddenly dawns on us, that there may be trouble ahead. We need to try to make our future a little bit more predictable and more understandable so that we can make decisions about it now. We need to decide how much we are going to need and for how long.

#2. Time – Preparing for our financial future, and creating a financial plan means we get time to think about it and make the necessary preparations. Most things in the future are unpredictable and we don’t know what is coming into our lives. We do know however that we are going to get older and with that, decisions on when we will retire, where we retire and exactly how much money will I need not just for me, but for my wife and children.

#3. Reassurance – In order to get assurances that our future and that of our family is being taken care of, we must engage the services of a financial planner and if you are from Melbourne like myself then finding a financial planner in Melbourne is pretty straightforward.  By having your own financial planner, you can pass the burden and stress over to them as they are experts in this field and can be trusted to make the best decisions for you and your financial future.

#4. Improved Cash Flow – Taxes  are normal part of life, but none of us like to pay them and if you hire the right financial planner than they should be able to put your income and your assets in a suitable plan that will reduce your taxes and hopefully design a way that you can put off paying your taxes until you are ready.  A financial plan makes it easier for us to improve our cash flows and make better decisions regarding our investments.

So, what we have learned here is that creating a financial plan and getting the right financial planner will allow us to have a much clearer picture of where we are now, where exactly we are going and where we hope to be in the future. Get started on that financial plan now!