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Synectic

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Review your financial situation for 2024

New Year’s resolutions often fade away, but the commitment to pause, reflect and review your financial situation each year is one that should endure. At Synectic, we encourage you to make this your top priority early in 2024. To get started, consider the following:

1. What are your priorities?

Take a moment to identify and prioritise your goals for 2024. Whether it’s saving for a home, planning for education, or securing your retirement, understanding your priorities will help shape your financial roadmap for the year.

2. Assess your progress

Are you on track to meet your current financial needs and goals? Regularly reviewing and adjusting your financial plan ensures that you stay aligned with your objectives, helping you navigate any unexpected twists that may arise throughout the year.

3. Optimise your investments

Evaluate the returns on your superannuation investments and examine your investment strategy. Ensuring a clear and effective strategy will help you maximise returns and build a robust financial foundation for the future.

4. Explore opportunities

Are there ways you can increase your income in 2024? Whether through career advancements, side hustles, or investment opportunities, exploring avenues to boost your income can contribute significantly to your overall financial well-being.

5. Master your cash flow

Maintaining control over your cash flow is crucial for financial stability. Evaluate your spending habits, identify areas for improvement, and implement strategies to optimise your cash flow effectively.

6. Protect against the unexpected

Ensure you have suitable levels of life and disability insurance in place to safeguard against unforeseen illnesses or injuries. Taking proactive steps to protect yourself and your loved ones is an essential component of a well-rounded financial plan.

What’s next?

Don’t let more time pass without a robust review of your financial situation.

We invite you to book your personalised 2024 financial review with Matt or PJ. Schedule it in your calendar now to ensure it’s a top priority!

Picture of Peter-James (PJ) Cameron

Peter-James (PJ) Cameron

Financial Adviser at Synectic. PJ provides proactive, strategic advice to help you invest with confidence, structure your affairs intelligently, and get the most out of your unique circumstances. (Sub-authorised Representative No. 1266801)
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Disclaimer

About Synectic Wealth Synectic

Wealth Pty Ltd is the financial services division of the Synectic group of accountants, auditors, business advisers, self-managed super fund (SMSF) specialists, and financial advisers. We are based in Devonport, Launceston and Hobart and provide services across Tasmania.

 

Synectic Wealth Pty Ltd ABN 24 615 317 194

Corporate Authorised Representative No. 1250871 of Alliance Wealth Pty Ltd AFSL 449221 | ABN 93 161 647 007 | Financial Services Guide

Information on this webpage has been prepared on a general advice basis only. We have not considered your objectives, personal or financial circumstances. You should consider the appropriateness of the advice for your circumstances before making any decision.

Where the advice relates to the acquisition, or possible acquisition, of a particular financial product, you should obtain and consider the relevant Product Disclosure Statement and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.

Self-managed superannuation funds are not cost competitive for lower balance accounts and are not appropriate for all investors due to the time, cost and responsibility involved in managing an SMSF. For these reasons, it is imperative that you seek advice from your financial adviser before making any investment decisions.

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