With money, no one has it all sorted

With money, no one has it all sorted 150 150 Todd Clifford

Whether you’re on social media or just talking to friends, it can seem like everyone has got it together. But imagine if we all wore our balance sheet on a t-shirt? We’d probably all feel a lot better about ourselves.

Perception is often far from reality. People might look like they have it all together, but we often don’t realise just how much debt others have or what their soft spots are.

The reality is that everyone has financial soft spots or a thing in their life that isn’t sorted. Everyone has decisions they’ve made that didn’t work out or things they wished they’d done. But most people feel like they’re the only one who didn’t save enough or didn’t buy that house in Melbourne or Sydney 10 years ago.

It’s what you do with those soft spots that are important, not the fact that you have them. The quicker you can acknowledge that you have soft spots, the quicker you can address them.

But there’s no silver bullet. The reality is that most of us just work really hard over a long period of time and put something away to help us achieve our goals.

It’s a journey, but the best way to get to where you want to go is to have a quality framework to help you make financial decisions. This is something that many people struggle with because money is always emotional.

As financial advisors we use a framework to help you make good decisions. That framework is conversation-based. It’s about getting into the detail and understanding what you’re trying to achieve. We help you understand the positives and negatives so you can make an informed choice. Without that framework, choice complexity can creep and make it difficult to make the best long-term decision.

It’s easy to think that perception is reality, but it’s not. Everyone else is just like you – they have soft spots. The first step is to acknowledge that those soft spots exist and then use a framework to help you make tough decisions. If you do that, you’ve got the best possible chance of living the life you choose.

Todd Clifford is General Manager Viridian Select

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