MANAGING FINANCES
WHAT'S YOUR FOCUS
Wealth is the ability to fully experience life.
Henry David Thoreau
WANT THE FINANCES TO SUPPORT YOUR LIFE, FAMILY, AND YOUR NEXT ADVENTURE?
Being an endurance athlete is not a cheap pursuit... Let alone chasing your dreams of competing in events around the world. If you’re like most people, you don’t have the luxury of having more money than things to spend it on. And most people struggle to balance their long term needs against those that offer a more immediate outcome and reward. So if you can’t have everything you want, you need to know: What you is most important to you, What resources you have - what you bring to the table in terms of assets and skills. Once you understand this, you need to work out how to extract every ounce of performance from your resources relative to the work you are willing to put in and the risks you are prepared to take.Case Study: John & Marilyn
John and Marilyn love travelling. John loves riding his bike, and Marilyn loves photography. They have a shared love of good food and wine.They were in a pretty good position when we first met, but they weren’t confident that they could afford to maintain their lifestyle when John ultimately stopped working. We developed a model for them showing their income and asset position over time - right through till they both turn 100 years of age! We were able to show them that their plans were realistic and affordable which gave them both peace of mind.
But then we showed them how changing the structure of their affairs could save them tens of thousands of dollars in tax each year - a dramatic improvement. This was achieved without investing more money, borrowing money or taking extra risks with their investments.
This strengthened their financial position, and gave John the option to finish work earlier than originally planned.