The focus in May for our year of wellbeing was financial health. Sloan Wilkins from Executive Financial Coaching facilitated an empowering, interactive session, attended by the HC team and group of our female friends and clients.
The presentation explained the links between physical, mental and financial health along with the importance of goal setting and intentional actions. Read on for our learnings and tips for financial freedom.
Sue – Little actions, done often, really add up. Whether it’s popping a bit extra into super each pay, rounding up your mortgage payment, or just checking in on your budget once a week, these habits stack up over time. The earlier you start, the more time you give those small moves to grow into something big. That’s the magic of compounding. Start now, start small, and let good habits work their magic over time.
Kendi – A financial plan is not about some far-off future goal, it’s about being able to live the life you want and do the things that mean the most to you.
Alex – Switch your mortgage repayments if you can to fortnightly instead of monthly – you’re then making an extra repayment each year which can add up drastically in the long term – I did this straight away after the session!
Shereen – It’s important to check in with a financial adviser regularly – every few years and after major life changes. This ensures your finances, investments and superannuation are performing well and you’re still on track with your goals. Life changes can shift your financial needs, so staying proactive is key to maintaining a healthy financial future.
Karen – It’s not what you earn, but how you manage what you have that matters. Understanding the simple stuff, minimising debt expenses (credit cards) & maximising passive income (interest) are boring but important to be across. Pay down debt, diversify investments if you can and remember not having money costs you money!