Goals and advice for 2025

2025 is here. New year, new challenges, new goals.

As we dive into the new year, it's the perfect time to reflect on our aspirations and set new targets. Have you thought about your financial goals for this year?

As a Major Sponsor of Water Polo Australia (WPA), Ord Minnett is excited to bring you regular financial columns in the Fifth Quarter and pieces tailored specifically for you, WPA members. 

Our aim is to provide you with valuable insights and guidance to help you navigate your financial journey.

This year, we continue our commitment to financially support the goals of Water Polo Australia, from the development of players at grassroots levels to the professionals. Our partnership is not just about sponsorship, it's about working closely with WPA to ensure the organisation grows and flourishes financially, building a strong foundation for the future.

Ord Minnett has thousands of clients, and our financial advisers are dedicated to helping them create clear plans to achieve their financial goals, both for this year and the future. January is an excellent time to take stock of your current financial situation, decide what your goals are, and build a path to achieve them.

Here are some common, thought-provoking considerations as you set your financial goals for 2025:

• Do I need a plan to invest for my children’s school fees?

• How much do I need to save for that holiday or water polo championships trip I’ve always dreamed of?

• Should I begin to think about retirement and how much I'll need?

• Are there more tax-effective ways to manage my finances and investments? 

Effective financial planning starts with advice. With the help of a financial adviser, you can set clear goals and priorities, implement strategies to achieve those goals, and regularly review your plan to make necessary adjustments as life changes along the way.

At Ord Minnett, we're here to assist you every step of the way. Whether you're looking to save for short-term goals or planning for long-term financial security, our advisers are ready to work together to help you create a roadmap to success. 

Reflecting on Your Financial Journey

As we embark on this new year, it's important to reflect on your financial journey so far. What have you achieved in the past year? What challenges did you face, and how did you overcome them? Taking the time to reflect can provide valuable insights and help you set more realistic and achievable goals for the future.

Building a Financial Plan

Once you've set your goals with an adviser, the next step is to build a financial plan. This plan should outline the steps you need to take to achieve your goals, including budgeting, saving, and investing. A financial adviser can help you create a comprehensive plan that takes into account everything from your income, expenses and short and long-term financial aspirations.

Regularly Reviewing Your Plan

Life is full of unexpected changes, and your financial plan should be flexible enough to adapt to these changes. Regularly reviewing your plan with your financial adviser ensures that you stay on track and make any necessary adjustments. This ongoing process helps you stay focused on your goals and make informed decisions about your finances.

Seeking Professional Advice

Financial planning can be complex, and seeking professional advice can make a significant difference. Ord Minnett's advisers have the expertise and experience to guide you through the process, providing personalised advice and support. Whether you're saving for a short-term goal or planning for long-term financial security, our advisers are here to help you every step of the way.

Start a Conversation

Setting and achieving your financial goals can lead to a more secure and fulfilling future. At Ord Minnett, we're committed to supporting Water Polo Australia and its members in their financial journey. 

If you’d like to learn more or start a conversation with us, please get in touch. We’d love to work closer with our Water Polo Australia community to build wealth for generations. 

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