Money Mechanics Financial Advisors provides strategic financial advice for individuals, businesses and families. This includes:
One-off strategic advice – this may be as simple as 1-2 meetings between you and Money Mechanics (other financial advisors included where appropriate).
Ongoing strategic advice – this entails regular reviews of your financial life goals and strategies to ensure they are focused on achieving your desired outcomes.
Our focus is always the same, to allow you to feel empowered and in control of your financial matters with minimum worry.
1. Become entirely debt-free. Paying off your mortgage is a major financial goal, and knocking it out while you're still working full time can help you put more money into your retirement portfolio. The same goes for any other outstanding debts.
Key short-term goals include setting a budget, reducing debt, and starting an emergency fund. Medium-term goals should include key insurance policies, while long-term goals need to be focused on retirement.
A better way to write financial goals is to use the SMART method. SMART stands for Specific, Measurable, Achievable, Realistic, and Time-bound. These are five criteria that can help you make your goals clear, realistic, and trackable.
An example of a SMART-goal statement might look like this: Our goal is to [quantifiable objective] by [timeframe or deadline]. [Key players or teams] will accomplish this goal by [what steps you'll take to achieve the goal]. Accomplishing this goal will [result or benefit].
Short-term financial goals are things you want to achieve within the next couple of years, such as paying off credit card debt or saving for a vacation or wedding. • Building an emergency fund is an important short-term financial goal to cover unexpected expenses and avoid relying on high-interest credit cards.
Financial goals are the personal, big-picture objectives you set for how you'll save and spend money. They can be things you hope to achieve in the short term or further down the road. Either way, it's often easier to reach your goals if you identify them in advance.
Essential goals, such as saving for retirement, building an emergency fund and preparing to cover rising healthcare costs as you age, absolutely can't be put off. Important goals are less critical but represent core values. They may include funding education, saving for a home, paying down debt or leaving a legacy.
Savings and investment programs are the main method for achieving financial goals. A financial plan is a list of a family's spending for the next month. Trade-offs when a decision is made.
Introduction: My name is Nathanael Baumbach, I am a fantastic, nice, victorious, brave, healthy, cute, glorious person who loves writing and wants to share my knowledge and understanding with you.
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