It is with sadness that I write of Kerrie moving on to another job in a different type of work …. but where her cheerful, caring approach is sure to continue helping everyone whom she meets. Kerrie has contributed immensely to our team over almost 9 years. We all wish her well.

We have been working with another advice team for two years (our photo is above: Kerrie, Karen, Rae and I) … especially in the aged care advice business that we set up (Third Phase Advice) … but supporting each other in all areas of financial advice. So, if you call, you may also speak to Karen or Rae. In the new financial year, Karen and I are looking at combining with another business to use their office staff to assist us further. I will still be with the crew at our Penshurst office.

You will have heard and read the debate about what continuing inflation and higher interest rates will do to our economy. Some analysts believe that all the bad news has already been priced into the markets – others that the markets don’t reflect the possible economic slowdown sufficiently. The increase in mortgage rates that many will experience is concerning and we hope that they have sufficient cash savings to tide them over till rates start to fall … or that they have the equity to refinance to a lower rate.

I believe that the 3 most important financial rules are:

• Have a long-term plan that you stick to but review annually.
• Keep a cash buffer to cover one to two years of spending (perhaps in an offset account).
• Spend less than you earn.

These hold true for all stages of life and for all wealth levels.

Wishing you health and happiness.

Tom

at Financial Springs