FoxPlan Your Way to Financial Security with a Money for Now, Money for Later Plan!
Freedom from financial stress and unexpected costs
Improve your spending and form long-lasting habits
Achieve your short, medium & long term goals
How does a Money for Now, Money for Later Plan actually work?
Draw a line in the sand and understand your current situation.
Set the foundation. If weight loss is a goal you need to measure how much you weigh. This is similar to starting a Financial Plan, you need to know what money is coming in and what is going out. For most people, this has not previously been a priority.
1. Start with the end in mind. Where do you want to be?
The most important thing about planning is having a strong vision. Without this vision you won’t change your habits or make the daily decisions necessary to achieve your goals. We challenge you to think outside of the goal, ie. Saving money – why, how much and what do you want to save for? The more specific you are, the stronger the vision will be. We recommend you research SMART goals.
2. Accept advice and formalise your plan to succeed.
The plan is based on the quantitative (numbers) and qualitative (the why). Some goals may take priority over others due to specific timeframes. Once your plan is written you should not deviate. The only reason to modify your plan would be goals changing.
3. Get out of debt faster with the correct structure.
Part of financial planning is about reducing debt. Debt is not necessarily a bad thing, for example having a mortgage. We will advise you on how to reduce your debt – so you don’t pay as much interest, and with minimal impact on lifestyle or your plan.
4. Know your inputs and outputs, and maximise your investments.
This is about record keeping or tracking your goals. The more you keep track, the more you will appreciate the plan. As you see the incremental growth you may find yourself committing more to achieving your goal faster. Maximising is about making sure you use your resources to the maximum potential. Some rebalancing may be required or redistribution of the surplus to the goals.
5. Offset risks via insurance and legal agreements to protect yourself and your family.
Let’s look at a common example; people start saving, they have some success, then a bill comes out of nowhere - destroying the hard work they have done. In an ideal world, things would happen exactly how we want, but we can’t predict the future. This is why it is vital to have a contingency plan, in case such things happen. There is more than just money to protect; consider wills, estate planning, and the appropriate insurance solutions.
6. Be proactive and implement strategies.
Once the strategies are agreed and the time frames set, the plan will begin. You may struggle at the beginning as it requires you to change habits. But that is a good thing! It can often take up to 66 days to form a new habit. Once the strategies are in place, consistency is key.
7. Meet with Financial Professional to review progress.
Accomplishing a goal may take a long time, which is why it is important to review on a regular basis. What is important is that you are able to compare where you started and where you are now. A 3-6 month meeting with your coach will ensure you are following and achieving your goals.
100% Satisfaction Guaranteed
If you don't like the plan - walk away and don't pay us a cent!
We will take payment only when the plan is delivered and agreed upon, meaning that if you don't like the plan you can throw it in the bin and we won't charge you a cent - we'll carry all the risk!
What Our Clients Say About Us
“Highly recommend going to speak to Melanie!
She is wonderfully empathetic and insightful.
It’s obvious she cares highly about her clients future with the wonderful advice she provides to help build my financial future!”
“I have worked with many ‘financial planners’ and Warwick and FoxPlan are top shelf. Warwick is knowledgeable and easy to deal with - for all levels of financial planning I throroughly recommend FoxPlan.”
“Brodie is really smart and cares about his clients goals. He’s helped me with a few minor things that will now play a big part in my financial future. I’d highly recommend calling Brodie to see what value he could bring to your life.”