Financial Planning

Why do you need a financial plan?

Why do you need a financial plan?

The reason is simple. Without it, how do you really know how well you are tracking? A financial plan helps map your financial future, to see how things might pan out if you keep doing what you are doing. It then offers advice and demonstrates ways you can improve your position, explaining how it helps and why.

If you are looking for a means to get on top of your finances and are curious to know what working with a Financial Planner can entail, the following guide will take you through a few of the basics.

Choosing a financial advisor: finding an advisor that fits you

Choosing a financial advisor: finding an advisor that fits you

Why is good financial advice so important?

In today’s uncertain economy, correct financial advice is absolutely essential. It can even mean the difference between poverty and prosperity. From managing business expenses, to investments, to your superannuation, the household budget and more, properly managing your money can be overwhelming.

Property Investments in Melbourne: Which properties will perform the best?

Property Investments in Melbourne: Which properties will perform the best?

Though for the best part of 20 years it’s been a compelling city in property terms, there’s now a need for greater caution when investing here.

For the past two years, Melbourne enjoyed the status of being the second best-performing capital city for property, after decades of consistent stability. A different scenario is now emerging.

Melbourne still offers plenty of opportunities for real estate investment. However, there are also areas that represent greater risk, where your return could well fall short of your expectations.

So where are the best properties in Melbourne and how can you avoid high-risk locations and types of real estate?

The difference between financial planning and investment advice.

The difference between financial planning and investment advice.

Recently a marketing consultant we work with here at Yield Financial Planning referred his parents to us. Besides feeling like it was a vote of confidence in what we are doing, the consultant could clearly see, what we were providing through our financial planning services is what his parents were not receiving through the current financial advisor that was largely acting as an investment advisor.

After this insight I wanted to take the time to share my experience of what the difference is between holistic financial planning advice and investment advice.