Unlearn Action – Part 2

Action is the Unlearn Pillar that most people don’t know quite enough about to really make it work for them.

Part One of exploring the Unlearn Pillar of Action I revealed what questions my husband and I had to hash out in order to take some more solid actions.

In this Part Two of exploring the Unlearn Pillar of Action, I’m going to reveal more step-by-step plans I uncovered and how I got there.

How much per month did we want to spend in retirement? I realised my fantasy life as an oldie was going to cost 50 percent more than what we would have in super by the time we retired. This helped us to understand how much extra we needed to put in super now, in order to hit our goals then.

We also put a solid timeline around the following:

  • Credit cards – how long it would take us to pay them off and never rack them up again
  • Emergency savings – could we get three months salary in a high-interest account and never touch it unless we were burning?
  • Our kids’ future – could we put away money every month that earned compounding interest for our kids’ university fees, cars, lives?
  • Living money – how much did we really need in order to have a good life every month? The rest we moved at the start of the month so we did not get tempted.
  • Investing outside of super – what funds, what timeframe, and what should we pay?

While I have been in the financial services industry for well over 20 years, and probably knew the investing part pretty well, the other steps, which are in fact far simpler, were the ones I needed to take to get my wealth plan on track.

These things don’t all happen in a matter of months. This cascading plan takes years to achieve – but with a plan you can tick the list off – knowing that you are moving ever closer the future you want.

It’s a great feeling. Remember that show The A-Team? I always loved it when Hannibal would say “I love it when a plan comes together.”

That’s how I felt when we found the right adviser. And you can too.

Which is why I delve so deeply into how to find the right adviser. I know you may have read the press: “don’t trust advisers, they are dishonest.” Or thought there was no way you could afford one; or that it would be embarrassing to share just how bad with money you were.

Let me tell you, while there are some advisers who are not the ones you want to pick (just like in any other profession), there are thousands who are incredible at what they do.

You just need to know how to find them, what questions you should ask of them, and what to pay them.

I am going to help you do just that. Read The Breakfast Club for 40-Somethings and see what effect a financial planner can have on your life. Download the free guide on How to Find the Right Financial Planner.

Because I wholeheartedly believe in the power of great advice. There’s no financial gain in this for me. In fact, my education business spends its time training financial advisers, and making them even better at what they do, to help you.

So think carefully about the action you need to take to get peace of mind and what you want.

Because you deserve it.