failing to plan is planning to fail!

If you treat your personal finances like a business and concentrate on managing your Cashflow, then you are well on the road to achieving your financial goals. Taking control of your Cashflow can mean taking control of your future.

Successful businesses (often larger enterprises) meticulously manage their Cashflow, via dedicated accounting staff. The business uses their Cashflow as a barometer of the financial health of the enterprise, through careful planning (budgeting) and forecasting of future expenditure so that funds are available when required.

As an individual wanting to take this approach, (treating your finances like a business), the main problem that occurs, is that marketing companies spend millions of dollars tempting the consumer to spend NOW. Juggling having a reasonable lifestyle and working towards financial independence needs discipline and a comprehensive plan built around your Cashflow.

At the end of the Financial Year (30 June), companies report a Profit & Loss Sheet and a Balance Sheet. Henderson Matusch suggests you use the same date to compare how your financial position has changed over the last twelve months.

In order to do this, you need to have a system in place to track your Cashflow and be accountable for your income/expenses and your financial future.

Just as a company will compare their level of debt, appreciating assets, future expenditure and taxation liabilities, we can work with you to prepare a comprehensive plan to accelerate mortgage reduction, allow for future expenses such as education, holidays and in the longer term free up more of your Cashflow to be used to build your financial assets.

To achieve genuine financial success – and all the lifestyle benefits that go with it – you need to effectively manage your cash, both incoming and outgoing. You need to create positive Cashflow and invest in assets not liabilities. The result is an ability to maintain and achieve more immediate lifestyle needs and goals, and to in the future (retirement), be able to replace your employment income with a personal income that will meet your lifestyle expenses.

Clearly, Cashflow is the KEY here! In effect this strategy is merely the process of creating a budget so you can make the switch from saver to investor and then using a centralised plan so that you can monitor and build your wealth and ultimately have sufficient money from sources other than salary to be financially independent.

One way to achieve this is through a Henderson Matusch Integrated Cashflow & Investment Strategy that acts as a central hub and allows you and your Henderson Matusch Financial Adviser as your FINANCIAL COACH to monitor the inflows and outflows of your cash at any given time with monthly updates so you can see how you are progressing towards your goals.

“PEOPLE DON'T PLAN TO FAIL THEY JUST FAIL TO PLAN” – LET A HENDERSON MATUSCH ADVISER ASSIST YOU IN TAKING THE FIRST STEP TO SECURING YOUR FINANCIAL FUTURE.