Financial Fundamentals – the 6 essential foundation stones for financial success

Financial Autonomy - Financial Fundamentals – the 6 essential foundation stones for financial success
Financial Autonomy - Financial Fundamentals – the 6 essential foundation stones for financial success

Today’s episode flows from a meeting I had last week with one of you guys, a member of the Financial Autonomy community. For reasons of privacy, of course I won’t use her real name, so let’s call her Jenny. It was a first time meeting, and in it Jenny observed that she felt she just didn’t have the financial fundamentals right. As an example, Jenny pointed to having her employer continue to take out extra tax for a HECS debt, even though this debt had actually been repaid. Jenny did this so that she would get a large tax return, which she could then put to something meaningful. Essentially this was a savings strategy, but she realised it wasn’t the most efficient or profitable way to go – lending your money to the government for no interest is not ideal.
So it got me thinking about what are the key financial fundamentals that really set you up for success? I came up with 6, but I’d love to hear your thoughts – let me know on either our Facebook page or via email from the financialautonomy.com.au website.

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