There are some jobs that are DIY-able, and some that require the slightly more skilled touch of a professional. In many cases, investing your money isn’t rocket science, and can be done by you.
However, there are some areas where DIY isn’t a feasible option when it comes to your money, and might require a little bit of extra help (particularly when it comes to more technical jobs like high-risk investing, tax or superannuation). The stakes in those instances can be much higher. A mistake you make through DIY investing can cost you huge amounts of money.
If you seek the advice of a professional, you can go from an adequate amount of money in your investment to a potentially princely sum (with the right person managing your finances).
But how can you choose the right person for your situation? In many cases, it will depend on what you are looking to get out of it. There are many different ways in which a professional can assist you in looking after your finances.
- Accountants can assist you in tax planning, filing your tax returns correctly, give advice on investing, help set up trusts and inheritances or potentially assist you with your superannuation funds. There are numerous ways in which an accountant can help you as a business or as an individual – you only need to ask.
- A Financial Planner can give you big-picture advice about your finances, assist you in resolving financial issues and can help you to create a plan that allows you to pay off debt, save or invest.
DIYing your finance management might be monetarily more acceptable to you when it comes to saving. But hiring a professional can be the difference between generating wealth, and simply managing it. Come speak with us if you’d like to learn more about options for your finances or book your free 15 min appointment here.