Record low interest rates, a strong government economic response to COVID-19 and the potential simplification of lending rules present a golden opportunity for young professionals looking to build their wealth in the long term.

Changing family circumstances, low interest rates, reduced superannuation balances, share market volatility and now an economic recession... there are many factors that can threaten to rob you of your dream retirement.

It’s important to be proactive if you want to stay on track financially. And if you are in your fifties or beyond, retirement is no longer a far-off dream, but a reality travelling toward you at speed.

While you may be earning good money, it’s also likely you have growing financial commitments and needs. COVID-19 has put the spotlight on finances, and you may be like many young professionals, and living very close to the wire.

There is no doubt that most people have been impacted financially in some shape or form by COVID-19. Whether it has been a reduction in your superannuation due to share market falls, reduced hours at work or even the loss of an income in your family.

If you would like to reduce your mortgage interest payments or are considering turning your home into an investment property, using an offset account could save you thousands.

One of the most common questions I am asked is: “What should we be doing to get ahead financially while interest rates are so low?”

Low interest rates are often seen as an opportunity to pay off your mortgage faster… but for young professionals, there are other strategies which may offer greater financial gain in the long run.

Death, Divorce, Debt and Downsizing are considered the ‘4 D’s of real estate’ and are often triggers for selling a home. . . but they are also important when it comes to your financial decision making.

Financial mistakes made now could affect your long-term financial security.

Find out why you need to consider death, divorce, debt and downsizing when planning for your financial future.