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Financial Goals: What our clients want to achieve

Of course, everyone has different aims, but with finances most goals fall into one of the categories below.

Once the team at Hub Advisory Group understand what you want to achieve financially, we can work with you to create a plan which will help you get where you want to be.

If you would like to achieve something that is not on this list, feel free to get in touch to find out if we can help with that too!


BETTER FINANCIAL DECISION MAKING

When it comes to making financial decisions, we often don’t have the time to really consider, or to understand, our options. Things get put in the 'too hard' basket or we simply procrastinate and kick the can down the road.

Although this ‘out of sight, out of mind’ approach can be seen as the easy way out, it often leads to significant stress later in life or business.

At Hub Advisory Group, we act as your financial consultant. We empower you with the knowledge needed to make informed financial and business decisions, by providing a tailored plan and helping you implement it.

We also show you the short, medium and long-term impact of our recommendations, giving you certainty and a platform to build on over time.


LESS FINANCIAL STRESS

Our finances can be one of the leading causes of stress, not only affecting us individually, but also those around us. Financial stress can lead to poor decision making as we try ‘get rich quick’ schemes to get into a better position. This usually leads to a loss of time or money, which in turn heightens our levels of stress.

Here at Hub, we help our clients overcome their challenges and plan ahead, meaning that the stress is minimised and ultimately eliminated. Our experience has shown that often you don’t need to make drastic changes. Just have a simple, well thought out plan that you stick to - over time this builds certainty about your financial or business future.


LIFESTYLE OF YOUR CHOICE

We all want to live the life of our choice; be it spending more time with loved ones, travelling, having a comfortable self-funded retirement, or giving back to the community.


Regardless of the lifestyle you want, you often need to have a plan, money, or both to achieve it.


Hub Advisory Group can help you manage and invest your money so that you can live the life you want to have, not the one you feel you must.


We’ll help by:

- Defining what you want

- Coming up with a plan you are comfortable with

- Implementing your plan

- Making adjustments as your situation changes.


Depending on your situation, we may look at building your financial assets, managing your wealth, protecting what you have and your lifestyle, or determining if starting a business will give you everything you want, to name just a few options.


SAFETY & SECURITY

The desire for safety and security is evident across clients of all ages who meet with us. That’s why the team at Hub run through a financial health check with our clients, to make sure that you and your family are financially secure, now and in the future.

The key to addressing safety and security concerns is to first identify the underlying issues. High levels of debt, low bank balances, poor cash flow and ill health are the more common causes of uncertainty for individuals and their families.

Once identified, we help you devise a strategy to minimise or eliminate them within a set time frame.

Some common strategies to assist clients in this area include:

- Building emergency funds

- Debt minimisation strategies

- Insurance

- Cash flow management

- Asset protection


RETIREMENT PLANNING

The Association of Superannuation Funds of Australia (ASFA) Retirement Standard currently estimates you’ll need two-thirds (67%) of your pre-retirement income per annum to maintain a similar lifestyle in your retirement.

And it may seem obvious that the solution to achieving a comfortable retirement is starting to plan early. However, research has shown that generally, Australians aren’t great at planning ahead with finances. Starting early will remove the need for stress and high-risk financial decisions to make up the shortfall in the later years of your working life. So, when is a good time to start planning? Now.

And how does Hub Advisory Group help? Once we understand your current shortfall in assets, we create strategies to improve your situation on a year-by-year basis, and then track your progress towards the target. And, although long-term planning is crucial, it’s just as important that we work on achieving personal shorter-term goals along the way.


MORE SUCCESSFUL BUSINESS

Small businesses are the backbone of Australia, that’s why Hub are here to help those starting or growing their own company. Many small to medium businesses face many of the same challenges on the path to success and some of the more common challenges we see are:

- Customer experience: winning new clients and retaining clients

- Managing cash flow: balancing cash through trade cycles

- Innovating: maintaining a competitive edge

- Team productivity: getting the right team culture

- Processes: driving efficiency and consistency in all facets of the business


Apart from helping business owners meet their basic accounting needs such as annual reporting and BAS, we also like to help them identify their pain points and challenges and find solutions to overcome them.


If you’d like to know more about how Hub Advisory Group can help you to achieve your financial goals don’t hesitate to make an appointment by calling (02) 4926 8000 or email contactus@hubadvisorygroup.com.au


We offer a one-stop financial service for our valued clients and are based in the centre of Newcastle, NSW.


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