The journey to financial freedom starts with a single step and expert financial advice!
The journey to financial freedom can be a challenging one. The terminology isn’t the easiest to understand and unless you studied something in the Commerce space or know a friend of a friend who’s an expert, you may be left unsure of where or how to get started. This is exactly the type of thing a Metropolitan financial adviser can help you with.
A Metropolitan financial adviser is more than someone who can help you navigate the complexities and jargon that seems to govern the financial services industry. They are experts who can help you to plan for and achieve your financial life goals. They can also assist you to manage your finances so that you have better control of your daily spend by helping you set up a strategy to make your money work for you.
Through the right expert advice and establishing and sticking to the right money habits, your dedicated financial adviser can help you plan for big expenses like a buying a home, saving up for renovations or a well–deserved family holiday. Likewise, if your need is to simply manage and pay off existing debts to better your credit score and free up some money for something like a Tax-free Savings account, your financial planner can sit with you and structure a plan that will help you realise your goals.
One of the key steps your financial adviser can help you with in your journey to financial freedom is to create a budget. A budget will help you outline your income and expenses; and is an essential tool for managing your finances, especially as the price of food, transport and daily living expenses continue to skyrocket.
According to a recent Consumer Outlook report published by NielsenIQ, South Africans are being more intentional about what they spend their hard-earned money on. Mzansi is cutting back on things like going to restaurants, entertainment and buying clothes and are instead making use of promotions and discounts so that they can make it through to their next pay day. With a budget you can see what you’re spending your money on, identify areas where you can cut back, and ensure you have enough money for your bills and expenses while also putting money aside for saving towards a long-term goal like your retirement.
Many of us look forward to the day we can stop working and enjoy our golden years. Yet, saving for this important life milestone is often the last thing we consider when creating our financial plan. Did you know your financial adviser can help you put a formal retirement plan in place that will help you pay the bills and provide for your needs when you are no longer earning a salary? Making regular contributions into a retirement annuity also has tax benefits that your financial adviser can explain to you.
Whatever your financial goal, your financial adviser can help you prioritise your goals, create a plan, monitor your progress and help get you there.
Whether you're just starting out or looking to take your finances to the next level, there’s no need to do it alone. Speak to a financial adviser who can provide you with the guidance and support you need to make informed financial decisions and achieve your financial life goals.