Managing your financial situation always involves balancing how you live your life now with preparing for your future—whatever that looks like. Striking this balance is one of the most common concerns we hear from our clients.
“Finding the right balance between enjoying life today and securing your future requires more than just good intentions,” says Daniel Grusd, Director & Senior Financial Adviser at Onelife Financial. “It’s about having a clear plan that ensures your financial wellbeing aligns with your life goals, both now and in the years ahead.”
Balance at Every Stage of Life
We all have financial goals—whether saving for your children’s education, planning a once-in-a-lifetime trip, freeing up finances for a gap year, or ensuring a comfortable retirement. Achieving these goals requires balancing the ‘now’ with the ‘future,’ so you can enjoy life without regrets.
However, this balance becomes even more challenging in retirement, where the fear of outliving savings often leads to unnecessary frugality. Many retirees live cautiously, even though evidence suggests most people pass away with the bulk of their retirement wealth intact.
“Understanding how your financial needs evolve over time is key to feeling confident and empowered,” says Daniel. “A personalised financial plan can help you achieve the lifestyle you want while ensuring your long-term security.”
Certainty Now and Confidence in the Future
Whatever your stage of life, achieving financial wellbeing requires a comprehensive understanding of your current situation and a clear, personalised plan. This should consider all aspects of your finances—your earning capacity, debt, assets, and most importantly, your life goals for today and tomorrow.
Research shows that Australians who receive financial advice are significantly more confident in achieving their goals and living well in the present while being financially prepared for the future. Advised Australians are also more likely to feel prepared for retirement and enjoy higher savings balances.
As we reflect on 2024 and approach the end of the year, now is the perfect time to focus on achieving and maintaining your financial wellbeing.
Let’s Plan Your Future Together
Finding the balance between enjoying today and securing tomorrow doesn’t have to be overwhelming. Chat with our team to create a tailored plan that aligns with your goals and ensures financial security for the road ahead. We are here to help you live your best life—now and in the future. Reach out and contact our team here.
i https://www.aihw.gov.au/reports/life-expectancy-deaths/deaths-in-australia/contents/life-expectancy
ii https://treasury.gov.au/sites/default/files/2021-02/p2020-100554-ud00b_key_obs.pdf
iii https://www.netwealth.com.au/web/insights/the-advisable-australian/understanding-australian-advice-clients-better/#download
iv https://www.netwealth.com.au/web/insights/the-advisable-australian/understanding-australian-advice-clients-better
