InvestSMART Chairman Paul Clitheroe discusses with nabtrade’s Director, SMSF & Investor Behaviour Gemma Dale, the steps investors can take to set themselves up for financial success. Paul provides a step-by-step approach on how to create your own financial plan.
Creating a financial plan helps you put in writing the grand vision of how much money you need to live your life the way you want, and identify what you need to do in order to get there.
When you have a financial plan, it is easier to make decisions about your wealth, make changes and stay on track to meet your goals. Think of it like a compass to keep you on your path to financial independence.
But many of us may think that making our own financial plan involves seeking financial advice. The good news is that doesn’t need to the case, according to InvestSMART Chairman and renowned money expert Paul Clitheroe.
“Every Australian and every citizen of the planet can do most of this work themselves,” he says.
