The most important step to financial freedom is to have a Financial Plan! Many people leave this until it’s too late in life. Not having a plan equals less choice in your later years, causing much stress and anxiety in your family relationships that could be well avoided if only you had a good financial plan in place.
STEP 1: Clear all your non-mortgage debts
Put a budget in place and live within your means ...
STEP 2: Build up your savings
Once your non-mortgage debt is under control, start a disciplined saving habit, here's how:
STEP 3: Speak to a Qualified Financial Planner
Markets are global and changing all the time. It is difficult for an unqualified person to understand the benefits of tax-effective savings and super contributions, never mind how to invest in managed or listed funds. This is where a qualified Financial Planner will help you personalise a plan that will see you transition from now into your retirement.