My career involves giving people quality, actionable financial advice. And I’ve received my fair share of financial advice over the years too.
But there’s one particular piece that I remember most. It was given to me by my grandfather when I was 15 years old.
He migrated to Australia in the 1960s to find work and make a better life. He ended up getting work as a fitter and turner and, in only a few short years, bought a house. Buying a house here meant he relocated the rest of the family to Sydney.
I think even at such a young age I realised how difficult it must have been for him to leave his family, it helped me understand the importance of a good job but also the value of saving and spending money wisely.
“Always save for a rainy day,” he said to me in my childhood home in French's Forest on the Northern Beaches of Sydney.
Well, today I am a wealth manager with Yellow Brick Road Dee Why based on the sunny northern beaches, and I still haven’t forgotten that advice.
Budgeting and cash flow advice is the single most important tool we can offer our clients, it is the foundation of any financial plan and enables all other strategies to be possible. I often use examples like my grandfather’s determination to save for his family’s future to demonstrate what is possible with hard work, discipline and quality financial advice.