Think you can’t afford financial advice? Think again.

Do you find yourself interested in getting financial advice, but feel limited because you think you can’t afford it? You may be surprised to find that the cost of not getting financial advice far outweighs the expense. The truth is, whatever stage in life you are at, good money management and an understanding of how personal finances work will set you up for ongoing success. So why wait?

For young people, it can be tempting to put off thinking about finances for the future. After all, retirement seems like a far-off event and there are so many other things to worry about in the meantime. However, neglecting financial planning could result in long-term consequences. That’s why financial advice is crucial for young people. With the right guidance, it’s possible to develop a realistic budget, set achievable goals, and start investing early on. These steps can make a significant impact on your financial well-being in the years to come. So, take the time to seek out advice from a trusted financial advisor and start laying the foundation for a successful future now.

When it comes to managing our finances, many of us can be hesitant to seek professional advice. However, the truth is that the cost of not getting financial advice can actually be far more expensive than the cost of receiving the service. Without proper guidance, you could be leaving money on the table, overspending, or making risky investments that could cost you in the long run. While it may seem like a hassle to find a financial advisor, the benefits it can provide in terms of financial security and peace of mind are truly invaluable. So, don’t let the upfront cost deter you from seeking out the advice you need to secure your financial future.

According to the research conducted by the Association of Financial Advisers (AFA) in 2019, Australians who receive ongoing financial advice have on average 2.5 times more assets and nearly double the amount of investable assets compared to those who do not receive ongoing advice. The study found that the median amount of investable assets for those receiving ongoing advice was $277,000, compared to $138,000 for those who do not receive ongoing advice. Additionally, a study by the Financial Planning Association (FPA) found that individuals who work with a financial planner report higher levels of financial and emotional well-being compared to those who do not work with a planner. Therefore, showing that individuals who do not receive financial guidance are more likely to fall victim to risky investments or overspend on unnecessary expenses. These poor financial choices can lead to debt, lost savings, and even bankruptcy. Investing in a financial advisor may seem like an added cost, but the long-term benefits far outweigh the initial expenses. With a clear understanding of your financial goals and a professional by your side, you can navigate the complex world of finance with confidence and peace of mind.

Investing in professional financial advice can provide numerous benefits for your financial future. By gaining valuable insight from experts in the field, you can avoid costly mistakes that can derail your long-term financial goals. A professional financial advisor can help you develop a comprehensive financial plan tailored to your specific needs and goals, while also providing ongoing guidance and support as your financial situation evolves. With the right advice and support, you can make informed decisions that will help you achieve financial security and peace of mind. So, if you’re serious about securing your financial future, investing in professional financial advice is definitely worth considering.

Looking for a reliable financial advisor can seem overwhelming, but getting started doesn’t have to be. EPG Wealth is a self-licenced, boutique financial planning firm that is here to help. Whether you’re looking to retire, grow your wealth, or just need help managing your finances, our financial advisors can help you accomplish your goals. If you would like to improve your current investment strategies or are looking to start your investment journey, click here to organise a complimentary 20-minute phone call with an EPG Wealth adviser.

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