Would you rather retire at 55 than 75?
Wondering how you'll afford that vacation?
Saving up for your dream home?

30's - Mortgage and Family

Once you settle down, with or without a partner, there are many changes compared to when you were young and independent - the most obvious being more responsibility. You now don't have just yourself to look after, but there may also be a partner and one or more children. Your focus and priorities are different and you're starting to think about and plan for the future.

You've probably bought a home and increased your debt. You really need to think about how your partner and children would cope financially if something unexpected happened to you and you were unable to work and provide for them.

With spare time and spare cash at a minimum, you may feel that you're too busy and have better ways to spend your money, however, now more than ever before, is the time to create a financial plan to ensure your financial future is the best it can be!

Many people at this stage believe their only financial goal is to pay off their mortgage, however some questions you should ask are:

  • Who do I want to care for my children if something happens to my partner and me? How do I effect this?
  • Is this the best mortgage for me? What debt reductions strategies should I be utilising?
  • Should I be borrowing more money to invest in property or other investments?
  • Should I be reducing my debt as quickly as possible, or should I be investing extra money into superannuation?
  • I have multiple super funds, which one, if any is best for me? What do I do with them all?
  • Does my current super fund provide me with all the flexibility, features and benefits I require?
  • Is a self-managed superannuation fund for me?
  • How will I maintain my family's lifestyle if something happens to me?
  • Is it OK, or irresponsible to think, "It won't happen to me"?
  • What would happen if, because of serious injury or illness, I couldn't work for the next 30 years?

How can Centra Private Wealth help you?

We can help answer all the above questions and also provide you with:

  • Centrelink Maximisation Strategies
  • Superannuation fund and strategy advice
  • Self Managed Superannuation Funds
  • Personal Risk Insurance
  • Wealth Accumulation
  • Tax Minimisation Strategies and Tax Planning
  • Debt Management
  • Lifestyle Expense Planning
  • Estate Planning
  • Business Planning & Insurance
  • Salary Packaging
  • Property Investment Advice

Specialist Services

How else we can help you

CENTRA WEALTH Pty Ltd (ABN 39 158 802 450) holds an Australian Financial Services Licence (#422704) issued to it by ASIC. It trades as CENTRA PRIVATE WEALTH, CENTRA SECURITIES and CENTRA WEALTH ACADEMY. CENTRA MONEY Pty Ltd (ABN 96 167 497 305) is a Credit Representative (#452523) of an Australian Credit Licence holder (#389328) and trades as CENTRA MONEY. Collectively the above are known as "The CENTRA WEALTH Group".