Financial Planning FAQ’s

Posted October 13, 2016

In Financial-Advisor, None, Wealth articles

Mirador Wealth Management

Creating wealth, making smart financial decisions and investments that benefit you in the long term, securing your retirement and your financial future- these are all common goals shared by the majority of people in the world. But simply dreaming about personal wealth and actually creating it are two different things, and it can be difficult to take the first steps toward a bright financial future. Mirador Wealth Management is here to help you create a blueprint of your financial goals, both short-term and long-term, and provide guidance, support and advice to help you achieve what you set out to do. We are Sydney’s top financial advisor firm, and have learned that the best way to help our clients achieve financial success is to listen to their individual needs rather than try a one-size-fits-all approach. At Mirador Wealth Management, our clients’ future is our top priority. Our wealth creation advice program is tailored to help each of our clients outline and achieve their unique goals in order to create wealth, accumulate assets, and become empowered to make smart financial decisions down the road.

How can Financial Planning help me?

It’s difficult to think about long-term financial planning and creating wealth when you currently feel you don’t have much to start with. If you are living paycheck-to-paycheck (or close), if you don’t own a home or car, or if you feel like you never have enough money left over to save at the end of the month, you may think that wealth creation programs and financial planning services are not for you. However, the exact opposite is true. It is never too early to begin planning for your financially-secure future, though it seems like the stuff of fiction at the moment. Much like you would hire a personal trainer to help you achieve fitness and weight-loss goals, so should you enlist the help of a Sydney-based wealth management company like Mirador to get you on the right path to financial wellness and give you the advice and tools you need to achieve financial fitness in the long term. You may think it’s best to put off financial planning until you actually have some finances to plan with, but it’s never too early to begin learning the basics of wealth and asset management in order to get on top of the situation and come out ahead.

What is the Mirador Wealth Creation Program?

Unlike other financial planning programs out there, the Sydney-based experts at Mirador Wealth Management are not here simply to tell you what to do. We operate like a partnership: our clients come to us with clear-cut goals they wish to achieve, or at least a vision of where they see themselves financially 5, 10 or 20 years down the road, and we assess their current financial situation to determine which steps need to be taken in order for those goals to be accomplished. We also show our clients any gaps or roadblocks that are standing in the way between their situation today and their dream for the future, and discuss what can be done to overcome or reduce those cracks in their financial plan. Once we have created a tailored financial plan to get you to your goals, we put it into practice, periodically adjusting and refining it so that you stay on the right path to meeting or exceeding your financial objectives.

I’m in a mountain of debt- can you help me?

Indeed we can. The team at Mirador Wealth Management can assist clients with minimizing bad debt as well as provide advice for boosting tax-efficiency on loans for maximum benefit. These days it is appallingly easy to apply and be approved for credit, and many people find themselves in a situation of having bitten off more than they can chew. Though it can seem hopeless to end the vicious credit cycle, our local debt advisors can help you get out of debt quickly, and then work with you to minimize your bad debt while maximizing your good debt, while explaining and educating you about these differences. With Mirador Wealth Management, you can turn your finances around and get out of the crushing debt that’s holding you back from reaching your full wealth creation potential.

I want to enjoy my life now but still save enough money to achieve my long-term financial goals. Is this possible?

Certainly! We don’t expect any of our clients to put the brakes on spending altogether. At Mirador Wealth Management, we can work with you to create a budget that maximizes your saving without sacrificing the type of spending that makes life enjoyable, such as trips, special gifts and evenings out with friends and loved ones. Our cash flow management strategies are designed to help you get a clear picture of what you earn versus what you spend and help you set your own priorities to eliminate unnecessary spending while still being allowed to have fun. The Sydney-based team at Mirador Wealth Management will help you focus on what you enjoy most so you can structure your leisure spending around what really matters, while identifying and eliminating the leaks in your budget that are causing unnecessary spending. Unlike some of the other budgeting tactics you’ve tried, the cash flow management solutions from Mirador Wealth Management will feel more like an incentive than a punishment. With our motivational quarterly statements, you will be able to see how far you’ve come from square one, as well as how much closer you are to your long-term financial goals. Budgeting has never been this enjoyable!

I want to begin planning for retirement, but I don’t even know where to begin. Can you help me?

Of course we can! Mirador Wealth Management understands how difficult it can be to take the first step in investing for the future. This can be especially daunting when retirement is a long way off, but it’s never too early to begin thinking of your long-term financial goals. Let an expert at Mirador Wealth Management sit down with you and discuss where you are today, where you’d like to be down the road, and what you picture when you think of your ideal life without financial burdens. Our Sydney-based advisors are equipped to help you fill in the blanks and outline a custom financial plan that uses stepping stones on the journey to your ultimate financial destination.

Each client is different, with one-of-a-kind financial goals, life situations, and experiences. It is impossible to fit everyone into a box marked “financial planning” and expect optimal results. That’s why Mirador Wealth Management takes the time to get to know each client as an individual and listen to what they see when they picture a bright financial future. We can then tailor our plans to your dreams, rather than the other way around, making for a more successful outcome for everyone involved.

What on earth is superannuation, and do I need to be concerned?

Simply put, superannuation is a way to save for your retirement. Your employer contributes a specific amount of money (at least 9.5% of your salary) to something called a super fund, which is ideally augmented by contributions from your own money. Over time, your employer’s contributions, combined with anything you have been able to add to the super fund, add up, which will give you a nice little nest egg to live off of upon your retirement. If you have questions about superannuation, its benefits, and what you can do to maximize your super fund investments, Mirador Wealth Management can help. As Sydney’s top financial advisors, we are superannuation experts and can provide you with valuable advice for contributing to or investing with your super fund. We can assess whether there is any lost or missing super you may be owed, give you some insight into exactly what you are investing your super fund money in, and discuss whether a self-managed super fund (SMSF) is the right option for you. Mirador Wealth Management can give Sydney residents peace of mind that their super funds are creating the wealth they need to have the retirement they want.

How can I get started with Sydney’s top financial advisors today?

The Sydney-based team of financial experts at Mirador Wealth Management wants to help you. We are standing by for your call so we can get started creating a personalized custom plan just for you! Call Mirador Wealth Management today to schedule a consultation with one of our top financial advisors so you can get started as soon as possible on realizing your financial goals and creating wealth and financial freedom for yourself and your family. We are available to create tailor-made solutions for every client, no matter the current situation. Let Sydney’s resident team of wealth creation specialists take the weight off your shoulders and give you the enlightenment and support you need to achieve all your future financial goals! For the best financial planning advice Sydney has to offer, Mirador Wealth Management is here for you.