How a Financial Adviser in New Zealand Can Help You Achieve Your Money Goals

Financial adviser NZ

Money is important. You need it to fund your daily life and plan for the future. However, financial management can be very challenging for many Kiwis. Luckily, you’re not alone - a skilled NZ financial adviser can help you with everything from setting achievable goals to choosing your KiwiSaver fund. 

What To Work On With Your Financial Adviser

Finances are complex; where should you start? No matter what your financial situation is like, consider discussing the following with your helpful financial adviser:

Defining Realistic Financial Goals. What are your overall goals? A few common financial goals for Kiwis are:

  • Paying Off Debt. Debt from mortgages and other kinds of loans can be stressful to manage. Smart financial management will help you pay off your debts.

  • Create An Emergency Fund. It’s always smart to have an emergency fund because you never know when a costly accident will happen. Create a contingency fund, and don’t touch it unless you really need it.

  • Save For Retirement. Starting your retirement savings now can set you up for your golden years. 

  • Pay For Education. Save up to pay for higher education for yourself or your children.

  • Buy A House. Owning a home is a dream that so many Kiwis and people all over the world have. If you manage your finances well, you could make your dream come true. 

All of these goals are wonderful for Kiwis who want to set themselves up for great futures, but you’ll need to work hard to reach them. Your NZ financial adviser can help you create personalised, realistic goals that fit your preferences and your circumstances. Work with them to develop realistic short- and long-term milestones. 

Creating A Personalised Financial Plan. Work with your financial specialist to create a robust plan that’ll pave your way towards financial stability. Don’t forget about budgeting, cash flow management, debt reduction strategies, and investment planning to build long-term wealth. Thinking through your present and future now can help you get on the right track as soon as possible. 

For example, consider income planning to meet your goals. Income planning means you’ll think about your income right now and your income in the future, including during retirement. It’s never too early to start thinking ahead, especially when it comes to saving. 

Professional Guidance On Investments, Risk Management And Wealth Growth. New Zealanders have many investment options available, including investment properties, KiwiSaver funds, shares, etc. However, all investments come with some level of risk. Discuss risk management strategies with your financial adviser so you can manage NZ investments with confidence.

Starting your investment portfolio now can help you build wealth over time, even if you make small investments that are low-risk and low-reward. Remember to work out your risk tolerance levels before you make any investments. High-reward investments may be exciting, but they’re risky and should be pursued with care. 

KiwiSaver Optimisation To Save For Your Retirement. KiwiSaver is a powerful tool for Kiwis who want to save for their futures. This accessible scheme has plenty of funds to pick from, so work with your financial adviser to understand your options and select what suits you the most.

Your adviser will help you understand essential factors like government incentives, employer contributions and withdrawal options. KiwiSaver can be extremely helpful if you use it right, but it can be difficult to get used to if you’re new to it. Don’t be afraid to ask questions about different kinds of funds and strategies as you explore your opportunities with your financial specialist.

Ongoing Support. Always remember that creating a financial plan is not a one-time thing. Circumstances change, so the plan you create today may not be ideal in a year. Regularly catch up with your financial adviser so you can review your plan and make changes if needed. Talk to your NZ financial adviser about how often you should visit them to look over your finances. 

Quarterly or annual reviews can keep you on track while you adapt to new life circumstances. Additionally, you should get in touch with your financial adviser if your life undergoes any major changes. For instance, getting married, having children or getting a new job can heavily affect your financial situation. 

Finances may be stressful to manage, but with a financial adviser, you can have confidence as you handle your money. A professional will help you throughout your journey so you can create, follow and reach your goals. 

Building Wealth, Making Smart Investments And Achieving Your Financial Milestones With Future Wealth

What are you saving up for? Let’s discover the best ways to reach your financial goals together. Get in touch with our Future Wealth team by calling us on 027 628 8010. Or, you can send us a message or book a free chat online.

Future Wealth: Get a hold of your finances with our assistance.

Matt Golding