Our Budgeting & Cashflow service aims to help wealth accumulators get a great start to their financial future.
This service offers many benefits to those seeking to reduce their debt like a mortgage, as quickly as possible and at the same time, to start planning for a secure financial future.
Our Service Benefits
The first step towards any wealth creation strategy is to understand four (4) key principals:
1. Budget & Cashflow Management
- Creating a budget to understand your net cashflow position (how much money is coming in versus how much money is going out)
- Monitoring the budget each month to identify any surplus income
- Allocating any identified surplus income to start a faster wealth accumulation or debt reduction strategy, like paying off your mortgage sooner to save on interest costs
2. Debt Reduction
- Commence a debt recycling strategy
- The goal is to allocate the identified surplus cashflow to help reduce debt like your mortgage as soon as possible
- Save on mortgage interest costs
- As equity is built up, commence a wealth creation strategy
3. Investment Planning
- Combine debt reduction with a wealth creation strategy to effectively utilise surplus cashflow to reduce debt and build wealth at the same time
- As debt reduction progresses, assuming budget is maintained, surplus income is recycled to create an investment portfolio
4. Monitoring Progress
- A ‘track to plan’ coaching and reporting service outlines what impact each month’s spending has had on the original plan – whether good or bad.
- The reporting outlines the following vital information:
- The projected debt reduction term is likely to be positive (+) or negative (-)
- The projected interest saving is likely to be positive (+) or negative (-)
- The projected capital lump sum is likely to be positive (+) or negative (-)
As a result, you are fully informed of your financial position, which keeps you focused and disciplined in achieving a brighter secure financial future.