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Your financial planning experience with Rivet Financial is custom-made to your specific requirements.
When you start your financial planning journey, it's crucial to develop, and become clear about, your unique goals and dreams.
While you are considering seeing a financial planner, it is essential that you try to focus on your personal goals and dreams, over your financial goals. This is because your personal goals form the foundation that drives your financial goals and ultimately, the strategies that you might take to get there.
Mindful Financial Fitness is a process that can take the stress out of money; help couples to commit to and achieve a united team effort; and enable your money to be more efficient, save time and free you to do more. Mindful Financial Fitness helps you get traction and accelerate towards your goals.
This area acknowledges that we all have an emotional money mindset and a practical approach to money. If your money mindset is not in line with your goals and dreams, then your practical approach could trip you up and slow you down, making it harder to accomplish what you are setting out to achieve.
Sometimes, people just need a more practical approach to their financial fitness, while others accelerate faster with the mentoring we provide to help them develop their money mindset.
This is a very deep level of work that explores your money background. This area strongly recognises that we learn about money predominantly by osmosis from our parents, family, friends and neighbours. We can therefore develop patterns of behaviour that are not in line with what we would really like to achieve with our money and our lives.
What we have learned in the past is not always going to provide the right methods for us now and into the future. Exploring this area, and taking a moment to acknowledge our past learning and habits, can be an important step towards financial independence and developing more positive and useful strategies.
Borrowing to buy your home or to invest is a big decision. Getting the structure of your loan right for you, right now, while also planning for your future can make a world of difference to how easy (or otherwise) that next step will be.
This is all about managing your debt well—from credit cards to home loans and investments.
Each of these requires a different approach, and will be driven by different personal needs and goals. When managed well, this is an area that can accelerate your ability to be financially successful.
When considering investing, the most important place to begin is by building your knowledge and understanding. At Rivet, we have seen people achieve great success with their investments, whether through property or shares. The common denominator was that those people took the time to learn and ensure they developed and implemented strategies that were suited to their personal goals.
The next most important thing is to start. Significant misinformation plagues both property and shares investments, and so extra mentoring, discussions and recommended additional reading is often very helpful in making investment decisions that are right for you. This support will help you to increase your own confidence and ability to achieve your version of financial independence.
The sooner you start thinking about what financial independence might mean to you, the sooner you can start actively planning and taking action, and the more likely it will be that you actually do achieve your own version of financial independence.
As your personal and financial position evolves, so too will your version of financial independence. For instance, sometimes at the beginning of the process, creating financial independence may mean having less stress around money. Then, as you progress towards your goals, financial independence might be more about how to get your investments to work so you have more flexibility and choice in your money and your life.
Superannuation planning is one of the key strategic areas that can help move people towards longer term, future financial independence. This element of your financial life is designed to be extremely tax effective and, if used well, can make a big difference to the financial targets that you need to reach in order to achieve your version of financial independence.
That being said, superannuation is just one of the solutions we can advise you on, to help you acheive your financial future of independence and a secure retirement.
Typically, retirement planning is a natural progression from the superannuation environment, with the Australian Government now providing even more tax incentives to encourage people to retain their monies for longer, thereby reducing potential Government spend on the age pension.
However, for the individual, it is important to consider that retirement planning covers many broad aspects of your life. This is a life transition in which you are likely to be making a number of significant changes and as such, it is a stage of your life that requires considered planning, with your life goals and needs in mind.
This service is for those times when you simply want to have a good chat about your personal and financial world. This could be a money or investment mentoring session, or it could be all about strategy. Often, it’s a bit of both.
Essentially, we provide you with some time and space, and someone who can be a soundboard for you to voice your ideas and thoughts.
Importantly, that someone won’t push you in any particular direction, but will create some good food for thought to help you make your own, informed decisions.