Melbourne, VIC – Infinite Wealth, a Melbourne Australia financial planning and wealth management firm, announces a series of strategies that lead to financial freedom through the provision of ongoing support, direction, and education for every hardworking Australian. The strategies rest on financial planning where fifty dollars each week is enough to launch Australians onto their quest into financial freedom.
“Over seven thousand Australians became bankrupt in March 2016 alone.” Says Tim Guest, Infinite Wealth Managing Director quoting statistics presented by the Australian Financial Security Authority. “Most bankruptcies arise from poor financial planning and management. It does not matter if this management regards personal or business wealth. The principles apply to both instances. The tragedy is that most Australians have no idea where to acquire help in looking after their financial affairs. This gap is what Infinite Wealth hopes to fill.”
For those Australians that decide to take steps to avoid falling into an insecure financial future, certain steps have to be taken. Tracking spending is a major failure for those headed into financial failure. There are numerous avenues available for tracking spending, including apps downloadable online. These help in tracking expenses such as household budgets, special event costs, travel and work expenses, and coffee and other entertainment expenses that most people find a hand to record.
Setting financial goals is another strategy against financial failure. Such goals include paying off debt, building credit, making good investments and budgeting for assorted bills. Bigger goals include long-term savings, buying a car, a house, or any other property portfolio. A few lessons, certain systems, and an accountability partner present pundits with excellent choices and avenues for setting financial goals. Saving for retirement enables one to have a secure future in old age. Retirement may appear too far off for many people, but it is recommended that everyone start saving for retirement now to avoid financial insecurity in old age.
It is critical for any savings plan for the individual to treat their savings account like a regular bill. This calls for paying a savings account before everything else a person spends their money on. This prevents penalties associated with late payment or skipping of payments. The idea is that just as paying off a phone bill to avoid disconnection, paying into the savings account fortifies a person’s financial future bit by bit.
Should any of the options fail to get someone started on their financial planning and management strategies, then it is time to call Infinite Wealth or visit their website which has invaluable information as well that is available to anyone who is starting to consider securing their financial future. When it comes to personal finances, there’s no better time than the present to take action.
About Infinite Wealth
08 9438 6333
Melbourne VIC (3008)
Company Name: Infinite Wealth
Contact Person: Tim Guest
Phone: 08 9438 6333
Country: United States