Lack of Strategic Planning is the biggest issue we see:

• Most people do not have financial control – least of all certainty.
• Most people do not have an overall investment strategy which aligns with their short, medium and long term goals.
• Most people do not have an appropriate risk management programme.

 

Strategies to focus on:

1. Cash Management (Bank)
2. Investment Management (Investment)
3. Risk Management (Insurance)

 

Each Strategy has tactics to achieve your desired outcomes.

 

Tactics

 

1. Cash Management (Bank)

A1)       Debt repayment (mortgages) focused to overall reduced cost.

A2)       A budget which doesn’t rely on measuring income and expenditure.

A3)       A cash reserve fund for emergency and opportunity – not revolving credit, credit cards or personal loans as the backstop, peace of mind fund or investment pool.

A4)       The control of cash before launching into investment.

 

2. Investment Management (Investment)

B1)      An awareness of ‘how much is enough’ – for financial retirement.

B2)      An understanding of asset allocation, diversification and time in retirement.

B3)      An impartial unemotional and professional review process matched to predetermined goals – personal or business.

B4)      The choosing of investment products which match the goal focused outcomes or the growth and succession for business development and departure.

 

 3. Risk Management (Insurance)

C1)      Protection of income and assets through the management and offsetting of risk.

C2)      Knowing the eight great investment mistakes – managing their elimination.

C3)      Estate management through three generations – Will, Trust, PRA, EPA.

C4)      Reviewing ACC and all personal and business insurances – annually.