Australia has some of the highest personal debt levels in the world and it is only increasing. Some of these debts are incurring interest at over 20%. If you pay down this debt it means you are receiving a guaranteed 20% return on your money.
financial plan
If you can’t answer these questions, you don’t have a financial plan!
Apparently eight out 10 Australians don’t get any formal financial advice. Earlier this year ASIC found that while 44 per cent of Australians said they have a short-term financial plan only 23 per cent said they had a long-term financial plan.
Omniwealth is a leading Australian wealth advisory group. Our mission is to change the way people are financially advised in Australia. By having Accounting, Business Advisory, Financial Planning, Legal, Property and Mortgage and Finance together under the one roof, we are able to provide a holistic approach to advising our clients.