Financial Advice for Tradesmen & Builders in Newcastle
FINANCIAL ADVICE FOR NEWCASTLE TRADIES & BUILDERS
Financial Advice for tradesmen in Newcastle,
whether you are self employed or salaried,
we can sort your S.H.I.T. out.
Finance can be boring and sometimes overwhelming if you are not in control. So simplifying things to ensure you have the following sorted out, goes a long way in taking control of your finances and setting you up for financial security.
We like to make the complex seem simple.
We help sort your S.H.I.T. out!
Super
Home loans
Investments
Taxes
Many people live day to day, week to week, without thinking of the future.
As humans we are wired to choose today over tomorrow, but we also hate to feel like we are missing out on something.
Having your finances sorted can provide you with more choices for how you live your life both today & tomorrow.
Our Services
For self-employed tradies:
X Insurance for you & your business
X Wealth & investment strategies
X Superannuation strategies
X Lending & finance solutions
X Cashflow
X Retirement planning
For tradies on salary/wage:
X Income protection & life insurance
X Wealth & Investment strategies
X Superannuation set-up & consolidation
X Home loans & car loans
X Cashflow & budgeting advice
Put simply, we help you get your S.H.I.T. together!
WHAT IS S.H.I.T. ?
S = Superannuation.
Super plays an integral part in establishing financial security in retirement.
At present, 9.5% of your salary is contributed to superannuation & for many Australians (outside your home) this will become your most valuable asset, so it is important that you understand the basics, what you are invested in, associated fees, the mechanics of your particular super fund, and how this will support you to retire on your terms.
The Government has made superannuation very complex, so it is recommended you seek professional advice from a financial advisor, as you have only one opportunity to retire and you want to avoid the mistakes that may impact your retirement plans.
H = Home Loans
Home loans are critical to your overall financial plan.
For many, your mortgage repayment strategy will determine when & how you retire.
Therefore, it is important to understand how different features of a home loan can support you in achieving your financial goals.
This includes considering an offset account, fixed or variable rate, weekly payments or monthly payments, 20 year term or 30 year term and the list goes on…
Furthermore, interest rates have not increased in 10 years. Therefore, now may be the perfect time to review your home loan to ensure you are not paying too much interest.
I = Investments
It is difficult to earn your way to wealth. That’s a mistake that million of Australians make. We think if we work harder, smarter, longer, we will achieve our financial dreams, but our paycheck alone– no matter how big – isn’t the answer.
For most of us, our earned income will never bridge the gap between where we are and where we really want to be. Because earned income can never compare to the power of compounding.
When Benjamin Franklin passed in 1790, he left $1,000 each to the cities of Boston & Philadelphia. His bequests came with some strings attached:
specifically, the money was to be invested and could not be touched for 100 years. At that point, each city could withdraw up to $500,000 for designated public works projects. Any remaining money in the account could not be touched for another 100 years.
Finally, 200 years after Franklin’s death, a period of time that had seen stocks grow at an average compounded rate of 8% each city would receive the balance – which in 1990 amounted to approximately $6.5 million. Imagine that $1,000 grows to $6.5 million, with no money added over time.
How did it grow?
Through the power of compounding.
Yes, 200 years is a bloody long time – but a 3,000% rate of return, is almost worth the wait.
Understanding how investing can support you & your family by providing financial security is important for all Australians.
As investments can not only provide you with financial security, but also the choice of how you live your life.
Money is certainly one of the ways we can turn the dreams we have into reality.
T = Taxes
When talking about getting your taxes sorted, we are not just talking about completing your tax returns.
We are talking about tax planning. Planning to invest your monies in the most tax effective manner.
This includes considering any income throughout the investment and also your exit strategy. As when selling investments there is a potential for capital gains tax. Understand what the most appropriate vehicle or entity is to hold different assets in can make all the difference.
We recently spoke to a couple who had just retired & sold their investment property.
They had a $100,000 capital gains tax liability that was crystallised as a result of this sale.
If their assets had been structured correctly, this $100,000 tax bill could have been reduced to $0.
Seeking professional tax advice can be worth every cent.
“Being self employed I knew I needed some type of insurance cover to protect myself. Matt & the team at Newcastle Advisors were able to identify exactly what I required so my family & I are protected against injury & illness.
In addition, when my existing lender would not answer my calls & move my van loan from my individual name to my company, the team at Newcastle Advisors were able to step in & sort it out quickly, refinancing my van at a cheaper rate.”
— JAMES - BELMONT
WHEN YOUR FINANCES ARE SIMPLIFIED TO “GETTING YOUR S.H.I.T.” SORTED OUT,
IT CAN BE MUCH MORE EASIER TO TACKLE.
Whether you are self-employed or a salaried tradesmen or business owner struggling to keep your financial house in check?
We are here to help ensure you have the right structure and plans in place to assist you going forward by:
Ensure you, your family and your business are protected
Educate you to ensure you understand where your money is going and working with you to create wealth
Manage your superannuation obligations and help achieve your retirement goals
Provide assistance for lending and finance solutions when needed
Work with you to ensure you remain financially fit and you maximise your benefits, position and resources
Contact us for a complimentary meeting
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