Efficient, Effective Financial Planning

Efficient, Effective Financial Planning

Howard Buffet, the father of the renowned billionaire businessman and investor, Warren Buffet, once said, “All of us make mistakes because of youth or ignorance or both. We can’t do much about youth, but we can do something about our ignorance because of it.”

A parent will always say, “I wish I had started saving when I was much younger.” The truth is they are right. There is no end time to begin taking inventory of your financial planning goals. However, this process is of no better service to you later in life than when you begin when you are as young as possible. The longer you save and invest, the more rewards you can reap in the long run. Read more

Why Financial Planning is Necessary

Why Financial Planning is Necessary for Your Future

Preparation for the future is essential. It can help to reduce risk and build a stronger financial position. Financial planning can help you grow your wealth and diversify your investment portfolio. It helps you to manage money better and makes it possible to grow your net worth. Other benefits include maintaining your current standard of living even when you retire, building a contingency plan for unforeseen challenges, and investing in your children and their education.

Here are some key reasons why financial planning is necessary:

  • Minimise the risk of losing your wealth due to a disability, dreaded disease, or accident.
  • Minimise the risk of losing wealth because of changes in the economic environment.
  • Make provision for your retirement to maintain your living standard.
  • Ensure the future economic wealth of your children and grandchildren.
  • Reduce your tax exposure.
  • Ensuring that you have a valid will in place for your children.
  • Help you to be prepared for any economic challenges.
  • Help you build up wealth through proper portfolio management.
  • Diversify your portfolio, thereby creating more opportunities for wealth creation and reducing risks.
  • Make it possible to achieve your specific wealth goals.
  • Enable you to retire earlier.
  • Enable you to gain independence.
  • Improve your cash-flow management.
  • Create clear direction.
  • Increase your savings.

Role of Financial Planners

Financial planners help clients to invest wisely to create wealth for the future. They also assess the current life situation of clients and then offer custom investment plans that will take into account all the factors that will affect the client’s financial security in the coming years.

How We Do It

We have developed a state-of-the-art needs analysis approach, and making use of cutting-edge technology, we keep improving the system to adjust to changes in the investing, risk, and wealth creation environment.

The comprehensive analysis is tailored to your specific needs. Together with the structured approach, certified planners analyse the information, give recommendations, and develop a strategy to help you reduce risk, improve income-generating potential, and secure your wealth.

We offer you certified retirement plans to help ensure that you will be able to maintain a high level of living standard even after you have retired. Our advisers help with estate, dreaded disease, and disability planning. In addition, you get access to insurance options to help minimise your risks. Finally, we also help you with tax structuring and planning.

To Conclude

Financial planning is about preserving, protecting and increasing your assets with the help of experts. It is about the security of your future wealth. The rules of the game, economic environments and political climates constantly change, making it difficult to know what to do.  Happily help is available.

At Efficient Wealth, we make it our business to monitor, adjust and manage strategies tailored to the benefit of our clients for their wealth securing and growth. Let us help you make the best of your future with professional financial planning that takes all relevant aspects into account. Reach out for a consultation today.

Personal Investment Management

Personal Investment Management: How You Benefit from Expert Help

Investment management is one of the most important aspects of wealth growth. Different people have different financial goals, and managing these investments to match those goals can be difficult. This article discusses what it entails and how it can be managed in a way that is best for you or your business.

What is Investment Management?

It is the process whereby financial planners select and manage financial assets to meet the return on income goals of the investor. The service entails the provision of guidance, portfolio management, planning, and monitoring and analysis services for the client.

Who Handles the Process?

Portfolio managers who specialise in wealth creation and managing of funds handle the process. It is also possible to use platforms under the guidance of experienced financial planners to grow and monitor funds. The professionals in our team provide advice on security, tax structuring of portfolios, bonds and stocks, among other things.

Why It’s Essential to Seek Professional Help

Financial wealth is not created overnight but can be gone in only a day if you make the wrong decision. It’s imperative to have experts who monitor everything from unit trusts and stock markets to changes in the economic environment and any other aspects that can affect your wealth. Qualified professionals can advise you on the best wealth building and securing vehicles.

It’s not just about the here and now. You want to grow and secure your personal wealth. To do so takes time, flexibility, the right selection of investment vehicles and ongoing monitoring. Clear goal setting is vital, as is risk distribution. Our financial experts work alongside you in choosing the best options to match your short, medium, and long-term security, income-generating, and growth needs.

How We Do It

We start with a comprehensive analysis of your current wealth portfolio. Using the information gathered, we draw up a plan that matches your wealth and financial security goals, risk portfolio, expected return on investment, long and short term goals, liquidity of funds, and any special income needs.

The next step entails actively managing the portfolio over the selected period. This is done in close collaboration with a certified and expert financial planner to ensure the necessary adjustments are made and the strategy is tweaked over time to adjust to changes in the economic environment and your personal circumstances.

What We Offer

As part of our investment management services, we offer the development and ongoing improvement of personal share portfolios. This includes the identification of approved unit trusts, approved funds of funds, several platforms for compulsory and discretionary funds, and tax-efficient international investing.

Experience the following benefits when making use of the investment management services:

  • Having a portfolio manager to monitor and grow your portfolio.
  • Financial planner and advisor to provide optimal investing guidance.
  • Professional and comprehensive risk analysis.
  • Financial wealth growth analysis.
  • Convenience of single point contact.
  • Access to approved and proven investment management services and products.

Experience the convenience of having a professional team to manage your wealth portfolio. Reach out for expert guidance on how to get started.

How To Avoid Short-Term Insurance Mistakes

Critical Short-Term Insurance Mistakes and How to Avoid Them

Short-term insurance provides cover against risks such as theft, break-ins, property damage, disability, professional liability, and more. Going through life without cover leaves you open to large financial risks.

Perhaps you’ve been lucky enough to not have had to deal with life’s misfortunes like hail damage to your home’s roof or having to replace a stolen laptop.  But not having insurance is similar to playing Russian roulette with a loaded weapon. Read more

Financial Planning For Retirement

Why Financial Planning is Critical for Your Retirement

 

Financial planning must include provisions for your retirement. Even if you’re an entrepreneur, at one or another stage, you’ll want to lay down the tools and take a well-deserving break to enjoy your wealth. The problem is that most people think they have enough time left to build up an attractive portfolio and don’t pay attention to retirement provisions until it’s too late.

Read more

Short-Term Insurance Options

3 Critical Short-Term Insurance Options for You as Homeowner

Short-term insurance provides financial protection against loss as the result of damage, theft, and in some instances, natural disasters. In return for a small monthly premium, the value of the item, property or potential damage related to personal liability, is covered.

The cover forms a critical part of long-term financial wealth protection. If you want to apply for a home loan, then you must take out homeowner cover to protect against damage that can reduce the property’s value or even destroy it. Read more

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