Reflecting back on TC Debbie in 2017 and on feedback from colleagues in Innisfail for TC Yassi in 2011, there were two things that stood out from a financial perspective. On the negative side there were too many horror stories of people and businesses who went under due to making poor decisions after the cyclone. On the positive side, it galvanised some people to question where their job or business was going to leave them in their 60’s and make some positive changes.
Regards poor decision making, the stress of the unknown and not having a good, independent second opinion can lead to financial ruin. Dealing with insurers, assessors, builders, grant applications etc is not something we usually do, and this puts us outside our comfort zone. This is not a good position from which to make what are often life changing decisions.
What’s needed is the counsel of someone external to the family unit to bounce decisions and ideas off and get that independent opinion. Ideally that person should have a good knowledge of your entire financial position and future plans. They should understand your taxation position, your debt position, your short-term plans around kids and business and your long-term plans around retirement. They should also understand the local economy and have dealt with natural disasters before.
If you have someone in this role, reach out to them. If you don’t, Eclipse has experienced Financial Planners who specialise in personal or business situations. We offer a free appointment so we can get to know you and your situation, and you can get to know us before making any decisions.
If you are looking to get serious about your financial situation, now is as good a time as any to do it. Sitting down and clarifying where you’re at now, where you’re on track to be in the future, where you want to be in the future and how best to get there is what financial planning is all about. It’s about moving you closer to your personal goals whatever they might be. It’s about giving you the peace of mind that comes with having a clear picture of where you’re headed rather than just bumbling along and hoping for the best.
If you think you could benefit from a discussion with a Financial Planner, give us a call on 49467359 of visit www.eclipsefp.com.au There’s no obligation, the first meeting is free and all fees are spelled out clearly in advance. If you’re not sure, try coming to our Retirement Planning seminar in March, keep an eye on our Facebook page for details.
