The start of a new year enables you to reassess and critique your financial plans and goals to ensure that you know where you are and where you should be. It means you can also put in place new strategies or update existing ones to achieve the outcomes you are expecting. It means you can work towards and meet deadlines and allocate sufficient time to completing these financial objectives.
When it comes to setting financial goals, they should be specific, measurable, achievable, relevant and time-bound. Having said this, one of the main reasons why some people don’t achieve their financial goals is because of the loss of commitment due to decreased motivation, lack of interest or changes in priorities. But most of us want a life full of meaning and adventure without compromising our financial futures, and a little pain now in terms of planning can mean we avoid a whole lot of pain later on.
Hot financial topics for the New Year Inside our guide, we look at some of the hot financial topics you should consider at the start of a New Year to enable you to navigate through the maze of legislation, avoid paying unintended tax and make the most of your money for you and your loved ones. If you would like to review your current financial position or want to discuss future plans you may have, please contact us – we look forward to hearing from you.
Click here to download the Guide to New Year Wealth Planning