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Dare to Dream financial planning report

Financial Planning  |  14/09/2016  |   2 min read


People tend to think of financial planning as a way to solve money issues, but as the Financial Planning Association of Australia (FPA) explains in its new Dare to Dream report, there’s a lot more to it than that.

According to the FPA, Financial planning "is about bringing dreams to life. It is about identifying your life goals, hopes and dreams—and putting in place a financial plan to get you there.”

The FPA commissioned research to better understand Australia’s changing attitude to personal finance, and the results are available to read in their new report. 

Amongst the findings, they discovered that the nation’s hopes and values are changing. While home ownership is still a goal for the majority of people, it’s increasingly being balanced by lifestyle choices including freedom, travel and flexibility.

The report also showed that the two greatest regrets people mentioned were a failure to save as much as they wanted (47%), and not having invested (27%) more in their long term wealth. At the same time 63% of respondents admitted they had not mapped out a financial roadmap for achieving these goals.

You can read more findings about the study, and the different attitudes towards savings among Boomers, Generation X and Millennials in the free Dare to Dream report. If you’d like to find out more about your own financial planning options please visit our Financial Planning Page and learn more about the services Equip can help you with.

 

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