Cash flow and budgeting

How we help

SET YOUR GOALS

The first and most important step in the process. Once set, we can plan to achieve them.

BRAINSTORM STRATEGY

We brainstorm different financial strategies that can achieve your goals.

LINK ACCOUNTS

Our wealth portal uses live data feeds to link all your accounts into one central place.

CASH FLOW COACH

We educate you through the strategy. We lead and motivate you to achieve your goals.

ANALYSE CASH FLOW

The wealth portal tracks your spending so we know where your money comes and goes.

SUCCESS

Once your goals are achieved, we move on to bigger and better goals and ambitions.

Why is cash flow and budgeting important

The first steps in wealth creation

Being disciplined enough to consistently save is the first and most important step in wealth creation. Once this pillar is established you can move onto more complex strategies like investments, tax structuring and superannuation. But it all start here with your savings!

Achieve your long term goals

To move mountains you need to start with the pebbles at the base. To achieve your big and long term goal you need to be able to achieve your smaller goals along the way. Each of these small victories will lead you one step closer to your bigger goals.

Establish good habits

The chains of habit are too light to be felt until they are too heavy to broken. Being able to establish great cash flow and budgeting will flow will develop a disciplined approach to money which carry on through life. 

Work less

No matter how much money you earn you can always find a way to spend more. You can buy a bigger house, more expensive cars, first class flights, luxury accomodation, fine dining, and list goes on. This can lead to never ending cycle of earning and spending. Being able to live within your means and prioritising spending will mean having the choice on how hard you work. 

Why Choose Whole Wealth

Independence

We are one of the rare independent financial planners in Australia. 

Technology

We continuously improve our services to make your life easier. 

 Expertise 

We are all degree qualified in our field. We have decades of experience and training.

Quality

We pride ourselves on our advice because we take the time to get to know you.  

Cash flow and budgeting articles

November 15, 2018

Planning for a fulfilling retirement just got a little simpler: Hundreds of retired physicians have shined a light on what makes them successful, satisfied and confident in this stage of life.

More than 1,200 retired physicians were surveyed for the “2018 Report on Retired Physicians” and shared what makes for a successful physician retirement. The report found that the majority of retired physicians—80 percent—have a satisfyin...

November 15, 2018

Financial planners have to fight 'lifestyle inflation' to keep well-paid clients on track.

More Americans are living beyond their means than ever before, including those pulling down six-figure paycheques. Household debt in the U.S. hit a record $13.3 trillion in the second quarter. Of those earning $150,000 or more, nearly 30 percent have less than $1,000 saved, a 2016 GoBankingRates survey found.

Increasingly, financial planne...

October 5, 2018

Your 20s are a critical decade when it comes to managing your money.

Time is on your side when you're young, and a head start in saving and investing can result in massive financial gains down the road.

To get on track financially, start by avoiding these 11 common mistakes.

Here they are:


 

1. Living above your means.

Earning your first paycheque is liberating and thrilling. But as you begin to get raises, spending can tend t...

July 24, 2018

Adviser offers goals and guidelines for a financial playbook

Justin McCarthy knows that when it comes to saving, investing, and planning for life ahead, there’s no off-season.

McCarthy, a New York-based managing partner and Certified Financial Planner with Mariner Wealth Advisors, works with more than 100 current and retired professional athletes. And each of his clients receives an education about having attainable, manageable ...

July 22, 2018

You might have heard the terms ‘income return’ and ‘capital return.’ These are the two different ways to make money on an investment.

Income return is the return you receive while you continue to hold an investment. In the sharemarket, the income return comes as dividends. In the property market, the income return comes as rent. If you have a term deposit or make a loan to somebody, the income return is the interest you receive...

July 20, 2018

While retirement has always signalled a big change in people's lives, there was a time when the financial decisions surrounding retirement were less complex.

Spend your career working for the same company and retire with your family home loan repaid. Perhaps you had some savings in the bank earning a decent interest rate, and your employer's defined benefit plan would provide a reliable income stream in retirement, supplemented...

June 9, 2018

People often talk about personal finance in terms of large money decisions, like deciding whether to buy a home or creating long-term savings goals. But over time, the little financial decisions, many of which occur on a daily basis, matter too. And it can be hard to know where to draw the line between needs, wants, and wastes.

When it comes to purchases, waste is anything that you don't get any benefit from...

June 4, 2018

Whether you are looking to start saving for retirement or you want to put some extra cash in the stock market, investing can seem daunting to the inexperienced.

But investing doesn't have to be complicated, says Michael Liersch, head of goals-based advice and strategy at JPMorgan.

In fact, Liersch told Business Insider that most investors can be successful if they have a plan, manage their perspective, and stay the cou...

April 16, 2018

The last person you would expect to get into $50,000 worth of debt is an accountant. But debt can sneak up on anyone.

Five years ago accountant Najlaa Neetoo was in the process of going through a divorce and had little more than $1,000 to her name.

"We did the asset settlement and I got the investment property, which now in hindsight was not a good financial move," she told Claire Hooper, host of The Pineapple Project podcast.

"I...

March 24, 2018

Problems with cash flow are constraining the revenue generation of virtually all Australian SMEs, a new report suggests, indicating it could be having a meaningful flow-on effect on the national economy.

The biannual Scottish Pacific SME Growth Index found a staggering 92.7 per cent of the 1,200 surveyed businesses had their revenue potentially cut because of cash flow problems.

“When asked how much additional revenue could have...

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Where do I get independent financial advice?

GM Rasmussen Pty Ltd ATF Whole Wealth is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629 ©2016 WHOLE WEALTH

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