Receiving timely financial advice as an aviation professional

written by MGD Wealth | May 16, 2022

When working in an industry as volatile as aviation, it is important to stay informed about financial matters and be confident in managing your money and financial strategy through times of uncertainty.

Getting on track for financial success isn’t easy. It usually means identifying and consistently working towards your goals, even through difficult times. Depending on your current life stage, the types of choices that you need to make, or you have the discretion to make, will differ and change over time.

Some of our choices are purposeful financial choices, like buying property or investing in the stock market. But most of our decisions are circumstantial, personal choices that can have significant financial consequences, like having children, changing careers, or becoming a carer. Our individual financial story depends on both the life and specific financial choices we make throughout our lives. That means when we make decisions, they are good ones and, more often than not, we avoid poor financial decisions or mistakes.

As discussed in our recent whitepaper, “Event-Based Advice – The Value of Good Financial Advice Delivered at the Right Time”, one example of purposeful financial decision making is seeking financial advice, particularly at inflection points in life and when faced with choices. When we are at inflection points in life that have significant financial consequences, financial advice can give us a professional perspective to help us achieve our goals. While it can be challenging to find an adviser who understands your money goals and values, making time to see them, receiving advice, and achieving financial success is usually very worthwhile.

Financial advice aims to find broad and specific solutions to meet life goals across a range of areas including, but not limited to:

  • Taxation;
  • Investments;
  • Superannuation;
  • Lending;
  • Insurance;
  • Centrelink;
  • Asset Protection; and
  • Estate Planning.

Good financial advisers can also recruit the help of accountants, lawyers, brokers, and other professionals to make sure the solutions being provided are well-rounded and will contribute to long term financial success.

Obtaining good financial advice can help an individual more than just through the numbers in their portfolio. Money has become a source of anxiety and stress for many aviation professionals over the last few years. However, gaining clarity about individual wealth strategy can lead to less worry, a sense of control and purpose, and joy when attaining your goals.

If you are interested in finding out more about good and poor financial choices, event-based financial advice, and how financial guidance can assist you, we invite you to please download our recent whitepaper “Event-Based Advice – The Value of Good Financial Advice Delivered at the Right Time”.

Click here to access the full paper.

If you’d like to explore more of our content or past webinars that address some of these important considerations, please visit our website. Of course, if you would like to discuss anything in person or would like assistance with your financial planning, please let us know by emailing us at [email protected] or calling our office on (07) 3391 5055 (Brisbane) or (02) 8039 0544 (Sydney).

Disclaimer: Any advice included in this article is general and has been prepared without taking into account your objectives, financial situation or needs. As such, you should consider its appropriateness having regard to these factors before acting on it. Before you make any decision about whether to acquire a certain financial product, you should obtain and read the relevant product disclosure statement. Any tax information in this article refers to current laws, is not based on your unique circumstances and should not be relied on as tax advice.

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