At FWO Chartered Accountants we don’t think it’s important to plan for your financial security:  we know it is.

Over the next few months, we will take you through our 10 step program to help you become Financially Well Organised!

What are your wants and desires?  Exotic holidays, a luxury boat, house by the beach, early retirement living in absolute comfort and financial security?

Your goals can be anything you want them to be, as long as you’re clear on what they are and whether you’re being realistic. Setting your goals and objectives is the first step on the road to becoming Financially Well Organised.

Personal as well as financial goals should be included. Don’t think of them as two separate lists but one. That’s because at elliotts, we believe it’s important to align your financial goals with your personal ones.

To do this, work out what your personal goals are and determine if you need more money to achieve them. Then work out the quickest way to get the money you need. How? By developing a strategy and then focus on achieving it, but all the while ensuring you’re achieving your other personal goals along the way.

You might be thinking ‘It’s not as simple as that’. You may be right, but it’s a lot easier to achieve if you know where you’re heading. And elliotts can guide you along the way.

This week, we will be focussing on just one aspect of planning goals and objectives: Your Foundation Plan

The Foundation Steps focus on putting you on a solid financial footing in relation to estate planning, risk management, asset protection, taxation and debt.  The next phase – The Growth Steps – is all about making it happen.

Actioning your Growth Plan to achieve your goals is very personal with lots of variables to consider depending on your desired outcomes. The final four steps to becoming Financially Well Organised include the major aspects of developing a sound financial plan: Retirement Plan; Business Plan; Superannuation Plan; and an Investment Plan.  Where you place your emphasis will depend on your personal and financial goals and a host of other variables.

We’ve prepared some really useful booklets to guide you through each step of the way. Or if you prefer us to take on some or all of the hard work, we can do that too. Just click here.

For tips and checklists on setting your goals and objectives, download our Goals and Objectives paper or contact us.