Why Future-Focused Young Adults Should Consider Seeking Financial Advice
Traditionally, young adults most commonly receive financial ‘advice’ from their family members (sometimes unsolicited) at the family BBQ, or from their mates (boastfully) sharing how they bought shares in XYZ – “and you should too”. However, key findings from this Forbes news article suggests a large number of young adults are turning to Social Media for their financial matters.
Whilst your family, friends and Social Media most probably mean well (most of the time), and are just trying to help you learn from their experiences, there is a host of untruths and scams, which tend to get harder and harder to spot and can ultimately lead you down a detrimental road to financial mishaps.
“We believe the best form of financial advice for young Australians is “You should organise a meeting with a Financial Adviser to see how they can help you.””
Why? Because getting financial advice when you are young means you can really reap the benefits.
Here’s how.
Time’s on your side
We have all heard people say it – “I wish I did that sooner”. Well, as a young adult there is no better time than NOW. You are in the best position possible to make benefit and use of compounding returns on your investments. Just look at the benefits of a consistent and increasing investment strategy in our earlier blog here.
You will thank your future self later.
Education on Financial Subjects
At Evolution Financial Planning, our advisers find the most enjoyable and one of the most rewarding parts of advising is passing on financial concepts to our clients – and our clients agree that this fundamental educational resource is invaluable. We understand that as you go through life, you may experience different financial situations and by having a trusted relationship with us as your adviser, we are able to provider further expertise as a trusted expert to guide you through these situations.
Not just for the wealthy and retirees
There is a big misconception that financial planning is only for the wealthy and people in their retirement. However, it is our job as financial advisers to assess your financial situation and to tailor strategies that can lead you into gaining wealth and improving your financial position. The fundamental objective of financial planning is to get you to your desired life goals.
Our holistic approach of looking into your financial situation could lead to a strategy that involves Investments, Tax Advice, Debt Consolidation, Life Insurance policies and Estate Planning, as well as Superannuation and Retirement Planning.
If your curious about establishing a trusted relationship with a financial adviser, make a time for an online meeting with us or continue following our Managed Money Blog posts to stay up-to-date.
