Equity Mates Investing Podcast Ask an Adviser: Pay off mortgage or invest, biggest super mistakes, when to see an adviser - Glen Hare
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Jan 27, 2025 Glen Hare, co-founder and financial advisor at Fox & Hare, shares invaluable insights on financial planning. He discusses setting financial goals for 2025, including property investments and retirement strategies without home ownership. Glen emphasizes the importance of a financial health check and knowing when to seek advice. He also delves into the complexities of choosing between paying off a mortgage or investing, shedding light on common superannuation mistakes. Overall, it’s a treasure trove of practical financial wisdom!
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Define Financial Freedom
- Define "financial freedom" for yourself, individually and with your partner.
- Use projections to assess if your current strategy aligns with your definition of financial freedom.
Financial Health Check
- Review your past year's financial achievements and shortcomings.
- Adjust your cash flow and investment strategies based on your revised goals.
Personalized Cash Flow
- Don't base your finances on arbitrary percentages like the 50% rule for fixed expenses.
- Align your cash flow strategy with your personal goals and priorities.