The Money Plan Everyone Needs
The Money Plan Everyone Needs
- January 26, 2020
- Posted by: Daniel McGregor

Keep reading to find out how you can save 30%!
All of us are living different lives but we also have many things in common. When it comes to money there are a few key things we all need to be on top of:
- Know where your money is going
One of the traps many people fall into is what’s called ‘lifestyle creep’… as you earn more you find something else to spend it on. You can use technology to track your spending and get a handle on where your money is going. Everyone hates budgeting, but these days technology can do it for you! Once you can see exactly where your money is going, it then becomes easy to see where you are not getting value for money. We can then implement a plan to put your money on autopilot.
- Protect yourself
Your most valuable asset is your ability to earn an income. You only need to be able to answer one simple question… how would you and your family survive if you couldn’t work? Insurance is the way to protect you and your family and if you want to SAVE 30% on your premiums every year, come and have a chat. As a truly independent financial adviser, I don’t accept the commissions that typically get paid by the insurers to advisers and therefore I can pass on the savings to my clients! This saving alone can add up to thousands of dollars a year and tens of thousands of dollars over your working life.
- Invest for success
You need to know this… you will never save your way to financial freedom. You need to save AND invest. Investing can be done incredibly easily and cheaply when done sensibly and logically. There are plenty of high fee investment products out there and plenty of property spruiking seminars offering to buy a property in QLD at great expense to you, but the reality is that when it comes to investing, what’s simple is what works and what’s simple also comes with low fees. Invest for long term success and time will do most of the work for you. This all comes down to controlling what we can control.
- Use your super powers for good
Super is often seen as some kind of villain… it’s the best tax break in town and your best path to a nice retirement! It’s that simple. Make sure yours is in a low-cost fund and appropriately invested for your stage of life to make sure you capitalise on your super. If you need help, make sure you are not charged a percentage-based advice fee as these will go up and up as your super grows.
I’ve heard all the get-rich-quick schemes that get pitched to people. None of them work, however there are get-rich-slowly plans that do!
Everyone needs a money plan for success. By all means, explore your options, but make sure you talk with a truly independent financial adviser before you do anything!
Cheers,
Daniel