In this blog, we discuss one of the theories from a book called Profit First by Michael Michalowicz. We decided to base a podcast around this because many of its principles can be adapted at a household level. In financial terms, the ‘old way of thinking’ is discussed in the book, which is referring to the formula ‘the revenue of a business minus the expenses equals its profit.'
Making the leap to see a financial adviser can be a daunting process, especially knowing that you need to lay all your cards (regarding your financial situation) on the table.
You may feel as though you should have saved more or should be earning more income.
Tax. It’s an unavoidable aspect of working.
Most people pay a lot of tax in their working life and don’t receive much assistance from the government in return.
So, when it comes time to collect the Age Pension it may feel like it’s your time to finally ‘get something back’.
It is important to understand what we, as financial advisers, are able and willing to do, and what we are not able to do for you.
Often when I tell people I’m a financial adviser they ask me ‘what do you think the share market will do this year’ or ‘what do you think about NAB shares’ or something similar.
When I say that I have no idea they either think I’m holding out by not letting them know the ‘good oil’ or that I’m a terrible financial adviser.
Retirement is a concept many people struggle to visualise on a day-to-day level, especially when planning years (or even decades) in advance.
We love being financial planner's, and we absolutely love providing you with the best information. Here is a compilation of some of our favourites.
When I tell people that I’m a financial adviser, one of the first questions they tend to ask is; ‘what super fund should I be in?’. My non-answer to this question is usually; there are many other far more important things to worry about.
At Lighthouse Financial Advisers we help people over 50 retire with confidence.
Financial Advisers Dallas Davison and Michael Hogue join Kylie Hatfield and Ali Hogue in providing professional, friendly service in a relaxed and comfortable environment. Our approach to financial planning doesn't change if you were to live in a separate town to Townsville QLD, such as Alice Spring NT, only the communication channel may change.
January tends to be an interesting month. The hangover of drinking, eating, and spending too much wears off, and we start to try to make changes that we would like to see happen throughout the year. Whether it’s a new years resolution, or the realisation that another year has come and gone and not much has changed, there are 2 major goals that people tend to focus on in the new year: health, and wealth.
Dallas Davison, Michael Hogue and Ali Hogue.