3 P’s for financial prosperity

One of our favourite approaches when working with clients is what we call ‘plan, process, product’ – it’s so important at Financial Edge Group, it’s up on the wall in our office!

Step 1 - Plan

The plan is the foundation of everything we do, and it forms the first step in your journey with us. 

In years gone by, financial planners might have gone straight to the banks, or the super funds to find the best product right off the bat. This is not how we work, instead, we start by asking ‘what’s the plan?’ or ‘what is the goal we’re trying to achieve?’

Why? Because your plan might be to pay down some debt on your home. We may not even need a product for this! Creating a plan, and clarifying your ‘why’ is where we like to start.

Step 2 - Process

The next step is deciding what processes we need to put in place to make the plan happen. 

This might be a process for saving a certain amount of money (like automating a transaction into savings each month). It might involve moving money from one account to another or moving money into (or out of) super.

Setting up good processes and clarifying your ‘how’ is what creates the path to your goals.

Step 3 - Product

The final piece of the puzzle? Products. Whether it’s while we’re setting up your processes, or at the very end – we may add some products to support your financial goals.

This might be looking at a super fund that better meets your needs, or a home loan product to reduce your debt sooner. Whatever we decide to use, we are all about finding products that support you, your circumstances and your goals rather than a one-size-fits-all approach.

We love our plan, process, and product approach – and it’s something we do for every single client, for a personalised strategy every time. If this is of interest, don’t hesitate to get in touch for a chat today at www.financialedgegroup.com.au.