I recently posted this surprisingly good Wall Street Journal article on Facebook – an array of US experts give their tips to young people: http://online.wsj.com/article/SB10001424127887324474004578442682818178530.html
It got me thinking – where do young Australians go for advice these days? Their industry super fund call centre? Their bank? A Financial Planner? Often there’s a feeling of “I can’t get advice, I don’t have enough money”…and I constantly talk to clients who feel that call centres churn out products, not advice.
For Gen Y’s looking to start taking control of their finances, the basics involve:
– learning the difference between good and bad debt….and paying off the bad debt!
– commencing a wealth creation plan
– protecting your wealth creation plans through insurances
– learning to budget and understanding your cash flow
– taking ownership of your super, and the investments and insurances contained within
– and most importantly, learning to put your money where your mouth is and invest ethically! There’s no point boycotting or protesting against a company, and then investing in it, whether by default or not
Talk to us today about customised advice….email or give us a call & book a meeting. Our offices are based in Perth and Dunsborough.
Also, check out:
https://www.moneysmart.gov.au/life-events-and-you/under-25s
