Copyright theage
I’ve been fixing my finances for the last few years, with the help of podcasts and books. I have a few savings buckets set up for things like travel, and I try to stick to a budget. I have some ETFs, I think my super is doing OK, and I try to make extra contributions. My problem is, I feel like I’ve stalled. I don’t know what I’m missing or whether there’s more I should be doing. I feel like I could be doing more, but I don’t know what. In a scenario like this, what I tend to see is that you’ve implemented lots of different “tips”. You hear that a high-growth super fund is a good idea, so you switch your portfolio. You hear about buckets, so you divide up your savings. It’s a piecemeal approach to incremental changes. It’s a great start, but often what’s missing is the structures, systems and strategies that tie everything together. Do you have a clear financial strategy? That means having a clear destination (where are you going) and a plan (how are you getting there). Without this, there’s a higher probability of making random decisions that seem like a good idea at the time, but don’t move you forward.
