05 Apr The Great Australian Dream of 2018
The Great Australian Dream of 2018
What does the Great Australian Dream means for the Aussies of 2018?Â We asked some of our valued clients what their retirement goals are for the year ahead and you might be surprised at some of their answersâ€¦
Own your own property
Yes, youâ€™ve heard this one before â€“ the stereotypical Australian dream is to own your own property. However, upon further investigation, thatâ€™s not quite the case anymore. When we surveyed our valued clients about this topic we were expecting property to come up. Putting your foot on the property ladder and leaving the rental world is certainly something to aspire for in 2018. With that comes the many benefits of starting a property portfolio and adding to your personal assets.
However, our younger, Gen Y (millennial) client base mentioned that owning property is fast becoming a distant dream:
â€œI think people our age are starting to realise that owning property right now is quite difficult, especially with only one income. It doesnâ€™t mean that we donâ€™t want to own a property, but for some itâ€™s just not possible right nowâ€.
It seems that those aged between 18-36 are struggling to afford property in their desired locations of Australia.
â€œHaving to save up for a number of years doesnâ€™t work well for our impatient generationâ€
But â€“ it doesnâ€™t have to be like this. Why not make 2018 your year? Thatâ€™s where financial advice can helpâ€¦ we understand how difficult it can be to organise your finances and save enough money to buy your first property. Our expert advisers can help you to reach what may seem unachievable for now, much more quickly than youâ€™d expect. Talk to us today to see how we can help you.
Holiday and relax more often
Finding a balanced lifestyle and spending more time away from work was another hot topic with our clients.Â As time goes on everyday Australians have become accustomed to seeing more and more media attention focused on finding a healthy and balanced lifestyle, and how to find a â€˜work â€“ life balanceâ€™ that suits our needs.
Although there is a lot of advice out there that claims to help people do just that, ensuring your finances are in order is a number one priority if youâ€™re thinking of taking time away from work or going on more holidays.
â€œIf you take more time off work, you become more relaxed, but you earn less money, so begin to stress. Itâ€™s a vicious cycleâ€.
Our financial advice team can help your money start working harder for you, so that you can live your life exactly as you please, without financial burdens. Whether we guide you to invest your money into managed funds, ensure your super continues to grow, consolidate your insurances or work out how you can save some extra dollars â€“ Â talk to our expert team to free up your time get some peace of mind about your finances.
Following on from the theme of leading a more relaxed lifestyle comes our final addition to the Great Australian Dreams of 2018, early retirement. Whether youâ€™re approaching retirement age in 2018, or youâ€™re only just starting out in your career â€“ itâ€™s important to plan your finances if you think retiring early is a desirable lifestyle for you.
Have you consolidated your superannuation accounts? Do you have additional savings and investments to help fund your retirement? Do you have your money invested anywhere to help it grow?
If youâ€™re set on retiring early and would like some assistance, or even if youâ€™re unsure of whether this is achievable for you, one of our financial advisers can help to simplify your situation, and provide you with a multitude of retirement options.