Financial Independence for Millennials and Gen Z

Financial independence is a universal aspiration, transcending income levels and age groups. For millennials and Gen Z, navigating the complexities of financial planning is essential to securing a stable and secure future. It involves more than just earning money; it’s about smartly managing and growing your finances through disciplined habits and a strategic mindset.

In this guide, we offer practical insights tailored to the unique challenges and opportunities faced by millennials and Gen Z. Our financial planners aim to empower you with knowledge that surpasses the basics, encompassing not only budgeting and investing but also the broader aspects of financial well-being.

Discover the keys to making financial stability not just a momentary achievement but an enduring and integral part of your life.

Table of Contents

Financial Realities for Millennials and Gen Z

Navigating the landscape of financial independence holds distinctive challenges and opportunities for millennials and Gen Z. Understanding the financial realities unique to these generations is essential for crafting effective strategies towards a stable and secure future.

Digital Natives in a Tech-Driven World

Millennials and Gen Z are digital natives, growing up in an era of rapid technological advancements. This familiarity with technology significantly influences their financial habits, from digital banking to the use of budgeting apps. Embracing and leveraging these technological tools can streamline financial management for a more connected and convenient experience.

Educational Debt Dynamics

Student loans are a prevalent aspect of the financial journey for many millennials and Gen Z individuals. The burden of educational debt can impact financial decisions, such as delaying homeownership or affecting investment choices. Recognising and strategically managing these debts is crucial for long-term financial stability.

Gig Economy and Flexible Work Arrangements

The gig economy and flexible work arrangements have become integral to the professional lives of millennials and Gen Z. Embracing side hustles, freelance work and entrepreneurial ventures are common approaches to supplementing income. Financial planning needs to adapt to the irregular income streams and varied employment structures that characterise these generations.

Socially Conscious Spending

Millennials and Gen Z often prioritise socially conscious spending, supporting brands and causes aligned with their values. This ethical consumerism shapes their purchasing decisions and investment preferences. Understanding this aspect of financial behaviour allows for the incorporation of ethical considerations into broader financial planning.

Delayed Milestones and Homeownership Challenges

Compared to previous generations, millennials and Gen Z often experience delayed milestones, such as marriage, starting a family and homeownership. Factors like educational debt, economic uncertainties and evolving priorities contribute to these delays. Crafting financial plans that acknowledge and adapt to these timelines is vital for effective financial guidance.

Financial Education Gaps

Millennials and Gen Z may face gaps in financial education, given the evolving nature of personal finance and the complexity of modern financial systems. Bridging these gaps through accessible and tailored financial education becomes paramount, empowering individuals to make informed decisions about their money.

Emphasis on Experience over Ownership

Both generations exhibit a preference for experiences over material ownership. This shift influences spending patterns and investment choices. Recognising the value placed on experiences allows for a nuanced approach to financial planning that aligns with lifestyle preferences.

Understanding Your Financial Position

Financial health is a multi-faceted concept that extends beyond the numbers on your paycheck. Achieving lasting financial stability requires a comprehensive understanding of your overall financial position.

Financial Health Beyond Earnings and Savings

While a higher income may create a sense of financial well-being, it’s imperative to look beyond earnings alone. Consider your lifestyle choices, spending habits and financial goals. Understanding the full scope of your financial picture allows for informed decision-making and effective planning.

The Role of Personal Cash Flow

At the heart of financial stability lies personal cash flow – the inflow and outflow of money in your day-to-day life. Positive cash flow ensures that your income exceeds your expenses, creating room for savings and investments. Managing your cash flow empowers you to take control of your financial destiny.

Current Assets: Building a Solid Foundation

Building a robust financial foundation involves nurturing current assets like savings, emergency funds, and liquid investments. Here are practical strategies to optimise and grow these assets, ensuring they act as a resilient safety net for unforeseen circumstances:

Savings Optimisation

Explore high-yield savings accounts: Look for accounts offering higher interest rates to maximise your savings over time.
Regularly review and adjust contributions: Periodically reassess and increase your savings contributions to align with your financial goals.

Emergency Fund Growth

Set specific goals: Establish clear targets to gradually increase the size of your emergency fund, providing a stronger safety cushion.
Explore investment options: Consider low-risk investments that balance liquidity (easy access to funds) with potential growth, enhancing your emergency fund’s earning potential.

Liquid Investments

Diversify investments: Spread your investments across different types of assets such as stocks, bonds and short-term securities. This strategy helps mitigate risk.
Stay informed about market trends: Keep yourself updated on the financial market to make informed decisions regarding your investments.

Current Liabilities: Tackling Debts Strategically

Effectively managing and repaying debts is crucial for achieving financial independence. Here are strategic approaches, emphasising the importance of a thoughtful plan and prioritising high-interest debts to enhance your overall financial health:

Comprehensive Debt Assessment

Identify all outstanding balances: Create a detailed list of your debts, including amounts owed, interest rates and minimum monthly payments.
Understand the types of debts: Categorise debts such as credit cards, student loans and other financial obligations to tailor your repayment strategy.

Prioritise High-Interest Debts

Target high-interest debts first: Prioritise debts with higher interest rates to minimise long-term financial burden and accelerate the overall debt repayment process.
Allocate extra funds strategically: Direct any additional available funds toward high-cost debts while making minimum payments on others.

Strategic Debt Repayment Plan

Develop a clear repayment strategy: Create a comprehensive plan outlining how you will systematically tackle each debt.
Set realistic milestones: Establish achievable goals for reducing debt over time, providing motivation and a clear path to financial freedom.

Impact of Liabilities on Financial Health

Understand debt-to-income ratio: Assess how your debts compare to your income, influencing your creditworthiness and future loan opportunities.
Recognise long-term effects: Comprehend how effectively managing and reducing debts positively impact your credit score, opening doors to better financial opportunities.

Embrace Financial Literacy

Educate yourself on debt terms: Understand the fine print of your debts to make informed decisions.
Explore debt consolidation options: Investigate opportunities to consolidate debts for more manageable repayment terms.

Seek Professional Advice

Consult financial advisors or credit counsellors: Gain personalised insights into your debt management strategy from professionals.
Negotiate lower interest rates: Professionals can guide you in negotiating favourable terms, potentially lowering interest rates and facilitating a sustainable repayment plan.

Cultivate Financial Discipline

Create a realistic budget: Develop a budget that allocates funds towards debt repayment while meeting essential living expenses.
Track spending habits: Identify areas where you can cut back, redirecting those funds toward debt reduction.

Key Indicators of Healthy Finances

Assessing your financial health involves delving into specific key indicators that serve as benchmarks for your overall well-being. Understanding these indicators is vital for gauging and improving your financial situation. Let’s explore these key metrics in more detail:

Debt-to-Income Ratio (DTI)

Definition: Your DTI is a measure of the percentage of your income that goes toward paying debts.
Calculation: Divide your total monthly debt payments by your gross monthly income, then multiply by 100 to get the percentage.
Benchmark: A lower DTI suggests healthier finances. Generally, a DTI below 36% is considered favourable, indicating that a manageable portion of your income goes toward debt repayment.

Emergency Fund Adequacy

Importance: An emergency fund acts as a financial safety net for unexpected expenses or loss of income.
Guideline: Financial experts recommend having three to six months’ worth of living expenses in your emergency fund.
Assessment: Regularly review your emergency fund’s size relative to your monthly expenses. Ensure it can cover essential living costs in case of unforeseen circumstances.

Savings Rate

Calculation: Determine the percentage of your income that you save each month.
Benchmark: Aim for a savings rate of at least 20% of your monthly income. This ensures you’re actively building wealth for future goals and potential emergencies.

Net Worth

Calculation: Subtract your total liabilities (debts) from your total assets.
Significance: Your net worth provides a holistic view of your financial health by considering both what you own and what you owe.
Benchmark: A positive net worth indicates financial stability, while consistent growth over time is a positive sign of financial success.

Investment Portfolio Diversification

Explanation: Assess the distribution of your investments across different asset classes.
Risk Management: Diversification mitigates risk by allocating investments across different asset types, preventing excessive reliance on the performance of a single category.
Review Periodically: Regularly review and rebalance your investment portfolio to maintain an optimal mix aligned with your risk tolerance and financial goals.

The Basics of Budgeting

Contrary to common misconceptions, budgeting is a liberating practice. It provides a clear roadmap for your financial understanding, helping you allocate resources wisely and align your spending with your values. By understanding where your money goes, you gain control over your financial present and future.

Dispelling the Myth of Restriction

Budgeting is often misunderstood as a restrictive practice. However, it’s about making conscious choices and prioritising what matters most to you. We’ll explore how embracing a budgeting mindset can free you from financial stress and set you on the path to achieving your financial goals.

Exploring Budgeting Methods

Consider various methods to find one that suits your lifestyle and financial goals. Here are some popular budgeting approaches:

Envelope System: A classic method that involves allocating a certain amount of cash to specific spending categories. Once the cash in the envelope is gone, spending in that category stops. This tangible approach promotes discipline and prevents overspending.
Zero-Based Budgeting: This method assigns every dollar a specific purpose. Your income minus your expenses should equal zero. Zero-based budgeting ensures that every dollar is accounted for, promoting intentional spending and saving.
50/30/20 Method: Allocates 50% of your income to needs, 30% to wants, and 20% to savings and debt repayment. This simple yet effective framework helps balance essential expenses, discretionary spending, and financial goals.

Utilising Apps and Tools for Seamless Budgeting

In the digital age, technology can be a powerful ally in managing your finances. Explore a variety of budgeting apps and tools designed to make budgeting seamless and efficient. From tracking expenses to setting savings goals, these tools can enhance your budgeting experience and keep you on a path to financial success.

Introduction to Investing

Investing is a crucial step on the path to financial independence, providing a means to grow wealth and secure your financial future. Whether you’re a novice or have some experience, understanding the basics of investing is essential for long-term financial success.

Investing as a Tool for Wealth Building

Embracing the role of investing involves allocating resources to assets with the expectation of yielding returns over time. This rings especially true for younger generations who have the advantage of time on their side.

Unlike the conventional savings account, investing actively propels millennials and Gen Z towards their financial goals, leveraging the power of compounding over the years. While initial uncertainties may linger, the potential impact on overall financial well-being is profound.

Understanding Types of Investments

Before diving into the world of investing, it’s essential to familiarise yourself with the various types of investment vehicles available. Each option has its unique characteristics, risk factors, and potential returns. Here’s a breakdown of common investment types:

Stocks

Ideal for those comfortable with a level of risk.
Potential for high returns but accompanied by higher volatility.
Suited for those seeking growth and willing to weather market fluctuations.

Bonds

A stable choice for risk-averse individuals, offering consistent returns.
Suitable for those prioritising capital preservation and a more conservative approach.

Mutual Funds

A hands-off approach to investing, managed by professionals.
Appeals to those who prefer a diversified portfolio without active management.

Real Estate

Tangible, long-term investment aligning with the aspirations of property ownership.
Attractive to those considering real estate as both an investment and a lifestyle choice.

Exchange-Traded Funds (ETFs)

Flexible and liquid investment for those desiring ease of trading.
Appeals to those with an interest in specific market sectors or commodities.

Retirement Accounts

Tax-advantaged accounts, emphasising the importance of long-term planning.
Suited for millennials and Gen Z planning for a financially secure retirement.

Cryptocurrencies

An option for those comfortable with high-risk and high-potential returns.
Appeals to the tech-savvy, open to exploring innovative investment opportunities.

Importance of Diversification

Diversification, often touted as a fundamental investment principle, takes on heightened significance for millennials and Gen Z. While universally valuable, its unique benefits align seamlessly with the financial landscape and aspirations of these younger generations.

Risk Management Tailored to Youthful Aspirations

Understanding the Risk Appetite: Younger investors often exhibit a higher risk tolerance, driven by their extended investment horizon. Diversification becomes a strategic tool to manage this heightened risk appetite effectively.
Exploring Growth Opportunities: Millennials and Gen Z are positioned to explore a diverse range of opportunities. Diversifying across various asset classes and industries not only mitigates risk but allows them to tap into emerging sectors aligning with their evolving financial aspirations.

Seizing Opportunities in Innovation

Tech-Savvy Investments: With a natural inclination towards technology and innovation, younger investors may be drawn to industries with disruptive potential. Diversification facilitates investments in sectors like technology, renewable energy and digital currencies, providing exposure to cutting-edge opportunities.
Venturing into Cryptocurrencies: Cryptocurrencies, known for their volatility, appeal to the tech-savvy nature of millennials and Gen Z. Diversification allows them to explore this high-risk, high-reward asset class without overexposing their portfolio.

Long-Term Wealth Accumulation

Navigating Economic Shifts: Millennials and Gen Z will witness various economic shifts throughout their investment journey. Diversification acts as a buffer, helping them navigate changing market conditions and capitalise on opportunities arising from economic transformations.
Harnessing the Power of Compounding: With time on their side, diversification amplifies the benefits of compounding for younger investors. It not only shields them from the impact of poorly performing assets but strategically positions their portfolio for sustained growth over the long term.

Adapting to Evolving Goals

Flexibility for Life Changes: Younger individuals often face dynamic life changes, such as career shifts, homeownership aspirations or entrepreneurial ventures. Diversification offers flexibility, allowing their investment portfolio to adapt to evolving financial goals without a complete overhaul.
Balancing Short-Term Needs and Long-Term Goals: As millennials and Gen Z strike a balance between immediate financial needs and future aspirations, a diversified portfolio accommodates both, ensuring financial stability for the present and growth for the future.

In essence, diversification for millennials and Gen Z is not just a risk management tool but a strategic companion that resonates with their unique characteristics. It provides the flexibility to explore, capitalise on innovation, and build a resilient portfolio tailored to the evolving financial landscape of the younger generations.

Balancing Risk and Return: Finding Your Comfort Level

Understanding the trade-off between risk and return is crucial, especially for millennials and Gen Z, who may be more inclined to take on higher risk given their longer investment horizon. While higher-risk investments come with increased volatility, this aligns with the risk appetite of younger individuals seeking to maximise growth potential. Striking a balance ensures that the investment strategy resonates with their unique financial journey, optimising returns while acknowledging their risk tolerance.

Debt Management Strategies

Debt can be a formidable barrier on the road to financial independence, and for millennials and Gen Z, navigating this landscape is crucial for building a secure financial future. Understanding how to manage and strategically eliminate debts is a key aspect of achieving lasting financial stability.

Debt as a Barrier to Financial Freedom

Millennials and Gen Z often grapple with various forms of debt including student loans, credit card debt and other financial obligations. Acknowledging that debt can impede financial freedom is the first step toward effective debt management. By addressing debts strategically, you pave the way for increased financial flexibility and the ability to pursue your long-term goals.

Developing a Strategic Debt Repayment Plan

Create a comprehensive plan to tackle your debts systematically. Begin by identifying all outstanding balances, interest rates and minimum monthly payments. Prioritise high-interest debts to minimise the overall interest paid over time. Developing a clear repayment strategy empowers you to make consistent progress towards becoming debt-free.

Prioritising High-Interest Debts

High-interest debts, such as credit card balances, can accumulate quickly and hinder your financial growth. Prioritise paying off debts with the highest interest rates first. Allocating extra funds toward these high-cost debts helps minimise the long-term financial burden and accelerates the debt repayment process.

Impact of Liabilities on Overall Financial Health

Debts not only affect your immediate financial situation but also impact your overall financial health. Lenders consider your debt-to-income ratio when evaluating your creditworthiness, influencing your ability to secure favourable interest rates on future loans. Successfully managing and reducing debts can enhance your credit score, opening doors to better financial opportunities.

Embrace Financial Literacy

Educate yourself on the intricacies of personal finance, including the terms and conditions of your debts. Understanding the fine print enables you to make informed decisions about your financial obligations. Financial literacy empowers you to negotiate favourable terms, explore debt consolidation options and make choices that align with your long-term financial goals.

Seek Professional Advice

Consider consulting with financial advisors or credit counsellors to gain personalised insights into your debt management strategy. These professionals can provide guidance on negotiating lower interest rates, consolidating debts and creating a sustainable repayment plan. Seeking expert advice can be a valuable investment in your financial future.

Cultivate Financial Discipline

Developing disciplined financial habits is crucial for effective debt management. Create a realistic budget, track your spending and identify areas where you can cut back to allocate more funds towards debt repayment. Cultivating financial discipline not only accelerates your journey to debt freedom but also lays the foundation for future financial success.

Managing an Inheritance Wisely

For millennials and Gen Z, receiving an inheritance can be a game-changing moment, providing a unique opportunity to shape their financial future. However, the impact of an inheritance goes beyond immediate financial gains—it requires strategic planning to ensure a lasting and meaningful impact on your financial well-being.

The Game-Changing Impact of Inheritance

An inheritance, whether it be in the form of money, property or investments, can significantly alter your financial landscape. While it may be tempting to make impulsive decisions, approaching this windfall with careful consideration is essential. Recognise the potential to use this inheritance as a stepping stone toward achieving long-term financial goals.

Strategic Approaches: Paying Off Debts, Investing, Understanding Tax Implications

Before making any decisions, assess your current financial situation. Consider using a portion of the inheritance to pay off high-interest debts, providing immediate relief and reducing financial stress. Simultaneously, explore strategic investment opportunities that align with your financial goals. Understanding the tax implications of your choices is crucial—consulting with an accountant can help you optimise the impact of your inheritance.

Balancing Immediate Needs with Long-Term Goals

Strike a balance between addressing immediate financial needs and securing your long-term financial future. While it may be tempting to indulge in lifestyle upgrades, allocating a portion of the inheritance towards savings and investments ensures sustained financial growth. Prioritise creating an emergency fund and contributing to retirement accounts for lasting financial security.

Seek Professional Financial Guidance

Given the complexities of managing an inheritance, seeking advice from financial professionals becomes invaluable. Consult with financial advisors, estate planners and tax experts to make informed decisions aligned with your unique circumstances. Professional guidance can help you navigate potential pitfalls and maximise the benefits of your inheritance.

Invest in Education and Skill Development

Consider using a portion of the inheritance to invest in your education and skill development. Acquiring new skills or furthering your education can enhance your earning potential and open doors to career advancements. View your inheritance as an opportunity to invest in yourself for long-term financial success.

Embrace Philanthropy

For those inclined towards giving back, an inheritance provides a platform for impactful philanthropy. Consider contributing to charitable causes or establishing a charitable foundation. Not only does this create a positive societal impact, but it can also carry potential tax benefits.

Create a Comprehensive Financial Plan

Develop a comprehensive financial plan that integrates the inheritance into your overall financial strategy. This plan should encompass short-term and long-term goals, investment strategies and a roadmap for continued financial growth. Regularly reassess and adjust the plan to accommodate life changes and evolving financial aspirations.

Seeking Professional Financial Advice

Navigating the complexities of financial planning can be daunting, especially for millennials and Gen Z. Seeking professional advice from certified financial planners, investment advisors and tax consultants can be a transformative step towards achieving long-term financial success. These financial professionals bring a wealth of knowledge, well-versed in the intricacies of financial markets, tax regulations and investment strategies.

Their expertise is valuable in demystifying complex financial concepts, ensuring a comprehensive understanding of your financial situation and options. Whether crafting an investment portfolio, optimising tax strategies or planning for major life events such as buying a home, planning for marriage or starting a family, their guidance empowers you to make informed decisions aligned with your goals.

Tailored Solutions for Your Unique Situation

Everyone’s financial situation is unique, influenced by factors such as income, expenses, goals and risk tolerance. Professional advisors can tailor financial plans and investment strategies to align with your specific circumstances. This personalised approach ensures that your financial strategy is not only effective but also adaptable to the evolving stages of your life.

Maximising Financial Opportunities

Financial professionals are adept at identifying opportunities that may benefit your financial health. Whether it’s optimising tax deductions, capitalising on investment opportunities, or implementing strategies to mitigate risk, their expertise can uncover avenues for maximising the potential of your financial resources.

Educating and Empowering You

Working with financial professionals is not just about receiving advice; it’s also an educational journey. A good advisor takes the time to explain financial concepts, demystify jargon, and empower you with the knowledge to actively participate in your financial decisions. This education becomes a foundation for building a solid financial future independently.

Regular Reviews and Adjustments

Financial landscapes evolve, and so do personal circumstances. Regular consultations with financial professionals ensure that your financial plan remains relevant and effective. Periodic reviews allow for adjustments based on changes in income, goals, market conditions, or tax laws, ensuring that your financial strategy stays aligned with your aspirations.

Financial Planning for the Future

As millennials and Gen Z chart their financial journey, focusing on the future is paramount. Effective financial planning not only involves managing the present but also strategically positioning oneself for a secure and prosperous future.

Thinking Long-Term: Superannuation

One of the cornerstones of future financial planning is prioritising retirement. While retirement may seem distant for younger individuals, the power of compounding makes early contributions immensely valuable. Explore employer-sponsored superannuation options and consider personal contributions to build a robust nest egg over time.

Starting Early for Future Financial Security

Time is a critical factor when it comes to building wealth. Starting early allows you to harness the benefits of compound interest, where your money earns interest on both the principal and the interest already earned. Even modest contributions in your early working years can grow substantially over time, providing a financial cushion for your retirement.

It’s crucial to remember that people often overestimate what can be achieved in a single year, yet underestimate the profound impact their efforts today can have over the next two decades. This insight is particularly important for young individuals embarking on their financial journey. It reminds us that the seeds we plant today, no matter how small, can grow into substantial assets over time, shaping a future that aligns with our aspirations and dreams.

Foresight as a Gift to Your Future Self

Effective financial planning involves envisioning the lifestyle you desire in the future and taking proactive steps to make that vision a reality. Consider setting specific financial goals, such as homeownership, travel, or funding your children’s education. Foresight enables you to allocate resources strategically, ensuring that your financial decisions today align with your aspirations for tomorrow.

Diversification and Risk Management

Maintaining a diversified investment portfolio is crucial for long-term financial success. While high-risk, high-reward investments may be tempting, a well-balanced portfolio that includes a mix of assets helps manage risk. Regularly review and adjust your investments to ensure they align with your risk tolerance and financial goals, taking into account changing market conditions.

Emergency Funds and Contingency Planning

Part of future-proofing your finances involves creating an emergency fund. Unforeseen circumstances, such as job loss or medical emergencies, can disrupt financial stability. Having a reserve of funds ensures that you can weather unexpected challenges without derailing your long-term financial plans.

Insurance Planning

Protecting your financial future involves adequate insurance coverage. Consider health insurance, life insurance, and disability insurance to mitigate potential risks. Insurance planning provides a safety net, ensuring that you and your loved ones are financially protected in the face of unforeseen events.

The Ongoing Journey to Financial Stability and Growth

Financial planning is a continuous process, adapting to life changes, economic shifts, and evolving goals. To elevate your financial game:

Regularly Review and Adjust: Periodically revisit your budget, investments, and financial goals. Life is dynamic, and your financial plan should reflect that. Adjustments may be needed as your income, expenses, and priorities change.
Explore Advanced Investing Strategies: Beyond the basics, consider delving into more advanced investment strategies. Explore options like real estate, individual stocks, or even starting a small business. Diversifying your portfolio can offer new avenues for wealth accumulation.
Tax Planning: Understand the tax implications of your financial decisions. Strategically managing taxes can significantly impact your overall wealth. Explore tax-efficient investment options and consider consulting a tax professional for personalised advice.
Continue Learning: Stay informed about financial trends, investment opportunities, and economic developments. Knowledge is a powerful tool for making informed decisions. Attend workshops, read financial literature, and engage with online communities to broaden your financial wisdom.

True Wealth Beyond Bank Balances

While monetary success is a crucial aspect of financial planning, true wealth extends beyond bank balances. Consider these elements:

Health and Well-being: Invest in your physical and mental health. A healthy lifestyle can lead to reduced medical expenses and an improved quality of life.
Lifelong Learning: Invest in your education and personal development. Continuous learning not only enhances your skills but can also open doors to new opportunities and increased earning potential.
Social Capital: Nurture relationships with family, friends and professional connections. Building a strong social network provides support during challenging times and can lead to collaborative opportunities.
Giving Back: Explore opportunities to contribute to causes you believe in. Philanthropy not only makes a positive impact on the community but can also provide a sense of purpose and fulfilment.

Remember, financial planning is not just about accumulating wealth—it’s about creating a life that aligns with your values and aspirations. By continuously refining your financial strategy and embracing a holistic approach to wealth, you’ll be better equipped to navigate the complexities of the future.

Ready to Take Your Financial Planning to the Next Level?

Achieving financial independence is a journey that demands a strategic mindset and a commitment to disciplined financial habits. For millennials and Gen Z, understanding the unique challenges and opportunities in the ever-evolving financial landscape is crucial. Remember that mastering financial independence is not just a goal; it’s a dynamic process that adapts to your life stage and aspirations.

If you’re eager to navigate the complexities of financial planning with confidence and achieve lasting financial stability, we’re here to help.

Contact us on 1300 454 174 or reach out via our website for personalised advice tailored to your unique goals and circumstances.