Clarity Wealth

We'd love to welcome Rebecca Lloyd to the Clarity Wealth Team. Her dedication goes beyond numbers—Rebecca is driven by her clients' long-term success and financial well-being. She believes in empowering them to make informed decisions, providing expert advice and ongoing support to ensure they stay on track to meet their financial goals. With a Diploma, Advanced Diploma and a Masters of Financial Planning, Rebecca’s extensive experience (twenty years in the industry) has given her the knowledge, skill and dedication to enhancing the lives of her clients who come to her for seasoned financial advice. Rebecca’s goal is simple: to help her clients live the life they’ve always dreamed of, with the financial confidence and independence they deserve.

Presidential elections can feel really intense and nerve-wracking.  As U.S. voters head to the polls in November 2024, it's important for investors to remind themselves that getting caught up on the short-term ups and downs during this season and having a knee jerk reaction can be detrimental to investment returns.  In short – can an election halfway across the world affect outcomes and returns? If you require advice on how the markets will fare during this time, call our office to set up a no obligation, no fee chat with our team.  Ph: 1300 187 358

When looking into the financial elements associated with planning for aged care, there are a myriad of areas to consider, including – superannuation, pension, existing assets and liabilities, banking, investments as well as Centrelink benefits, which you may be eligible to receive. Seeking expert advice is of the utmost importance, as an expert will be able to look at your unique situation and advise you on the best options. If you or a family member is entering into aged care, we recommend contacting our office on 1300 187 358 to seek expert advice before acting.

When was the last time that you reviewed your Will and Estate Plan? For many people, wills and estate planning discussions are something that tend to be put off until tomorrow, next week or next year. We get it. No one wants to think about their own mortality and discussions about it may feel uncomfortable. Estate planning involves far more than just having a will. A robust estate plan ensures your wealth transfers smoothly and is taxed effectively for your intended beneficiaries. Essentially it comes down to three questions:  - What do I have? - Who do I want to have it? - What will the implications be for that person? At Clarity Wealth, our experts will guide you through the process and support you every step of the way.  Contact our office on 1300 187 358 for further information.

You may want to simply write up a financial plan and then follow it to success. However, it’s unlikely that your financial circumstances will stay the same throughout your life, so your financial plan will have to change, too. For example, as you earn more money and approach retirement, you will likely want to put more money into your retirement account. As your risk tolerance decreases the closer you get to retirement, you will probably embrace a more conservative investing style. Just as you can’t buy a pair of pants when you’re 20 and expect to still be wearing them at age 70, you can’t expect your first financial plan to last you into retirement. Financial planning isn't a one-time activity. The journey is a long term relationship and Clarity Wealth are here to walk with you every step of the way. Ph: 1300 187 358

🚀 Are you ready to diversify your income? 🚀 It's time to secure your financial future by exploring three powerful ways to boost your earnings: 1️⃣ Active Income – The money you earn from your job or business. 2️⃣ Passive Income – Income that flows in with minimal effort (think rental properties or royalties). 3️⃣ Portfolio Income – Profits from investments, like stocks, bonds, or dividends. Ready to take the next step toward financial freedom? 💼 Contact Clarity Wealth at 1300 187 358 to start building a diversified income strategy today! 💰 #FinancialFreedom #DiversifyIncome #ClarityWealth

Congratulations. You've been given a sizable lump sum - now what?  First of all you want to establish what type of windfall you have: A booster: which is enough to give you a personal head start. An accelerator: an amount to put you in a position to have the option to achieve personal or financial goals earlier than you imagined. A game changer: This amount would transform your situation. Once you've figured the above out, then it's time to make a plan - and a strategic one at that. As tempting as it is to splurge, you could find your windfall gone before you've had the chance to actually enjoy it.   Consider the following: Don't rush! This is a time where speed isn't your friend. Take time to consider your options - the money isn't going anywhere and most importantly, you were living life without and can continue in the same vein until you figure out a plan. Spend Mindfully. Sure, there are probably some big ticket items that you've been dreaming about purchasing. You can still indulge but not get carried away. Pay off debts. Debts are one of the biggest stressors financially, and potentially wiping out debt is an attractive position to be in. BUT it would be a great opportunity to evaluate your spending habits prior so you establish good financial habits and can use any extra cash to start building assets.

THE PURPOSE OF FINANCIAL PLANNING What's your plan for today, tomorrow and the future?

If you think that financial planning is for 'oldies', think again. It's never to early to know how you want your money to work for you and how you should be managing your money NOW to benefit from it down the track.   Having serious conversations about your financial situation with a professional will change the direction of your financial life and you'll be reaping the rewards in your 50's and 60's. Ready to chat? Give our team a call: 1300 187 358

Let's bust some common myths when it comes to Financial Planning: 👵👴MYTH 1: Many believe that financial planning is only necessary as you approach retirement TRUTH: Financial planning enhances life at every stage. While retirement planning is truly an essential aspect of financial planning, it is by no means the only focus. Financial planning covers various aspects of your financial life, including saving for education, emergencies and major life events like buying a house or starting a business. You should ensure that you are adequately prepared for all stages of life. 🏦 MYTH 2: Taking loans in harmful to wealth creation TRUTH: Not all loans are negative, their impact depends on their use. Strategic loans that fund assets generating positive cash flows and exceed loan costs can be beneficial. 🤑 MYTH 3: Financial planning is only for the wealthy TRUTH: Financial planning is for everyone, regardless of income level. Financial planning is not just about managing large sums of money; it's about setting goals, creating budgets, and managing debt effectively.  ⏳ MYTH 4: Financial planning is complicated and time-consuming TRUTH: One of the most common reasons people shy away from financial planning is the misconception that it is complicated and time-consuming. The truth is that while financial planning can be complex, it can also be simplified with the right guidance.