Five (5) important controls for busy Business owners
Our lives are a mixture of positive and negative events. Knowing this, what are the safety nets?
And there may be a trade off. Do you feel empowered to make financial wellbeing decisions based on both and do you feel in control?
Financial stress or that feeling of not being control can come at anytime! Unexpected debt or expenses or even making purchase that we can’t afford. With out the right tools or support it may start to feel impossible to solve.
There are a variety of planning tools to assess how confident you are feeling and how to ensure you have controls in place. As the market or life changes they can help you make appropriate trade-offs to ensure you are not overfunded or underfunded to reach your goals.
- Spending: your lifestyle levels
- Saving: money dedicated for investments
- Timing: when do you want the event to occur?
- Risk: level of volatility in your investment portfolio
- Legacy: assets you want to transfer to heirs, charities as an example
The personal goals of Business Owners can get lost in the busyness of their day, week, month or even years. Please click on Let’s Chat if you would like support in prioritising.
Image: Styx River, South West Tasmania
