Show Notes
Think financial advice is something you get when you're older, wealthier, or closer to retirement? That mindset could be costing you far more than you realise.
Because when it comes to building wealth, when you start can matter more than how much you start with.
In this episode, Nick is joined by Paul Benson to unpack why your 30s and 40s can be such a powerful window for getting advice. It's the time to make decisions that can compound, course correct, and create more choice later. But this is not just one for younger listeners. If you are in your 50s, 60s or beyond, there are still valuable takeaways here, especially if you are wondering whether your super, investments, insurance, structures or old money habits still make sense for where you are now. Inside the episode:
How to know whether your money is actually working hard enough Why "I'll sort it out later" can become one of your most expensive financial habits Why getting advice early could make a six-figure difference by retirement Why earning good money does not always mean you are building wealth One setting that could turbocharge your superannuation What to review now if you feel like you started too late WANT PERSONALISED FINANCIAL ADVICE?: Book an appointment here. WANT TO STAY ACROSS WHAT'S MOVING THE MARKETS?: Subscribe to GainingCHOICE, our weekly email unpacking the key headlines and what to pay attention to.
GOT A FINANCE QUESTION FOR PAUL?: Send it to [email protected], and it could be featured in his Ask an Expert column each Sunday in The Age and Sydney Morning Herald.
General advice disclaimer
More from Financial Autonomy
UPDATED: This episode was originally published with the wrong episode audio; it has been republished with the correct audio. Thanks for your patience!
You've worked hard, built up your savings and investments, and spent years making sensible financial decisions. But when was the last time you gave yourself permission to actually enjoy the money you've earned? It's easy to tell yourself you'll take that big holiday, make that purchase or finally start doing the things you've dreamed about once you retire. But what if waiting comes at a cost you haven't considered? In this episode, financial adviser Paul Benson explores one of the trickiest decisions when it comes to building wealth: how much should you put towards your future, and how much should you enjoy today? Through real client conversations and a spending dilemma of his own, Paul challenges the idea that the financially smartest decision is always the best one. And why getting the balance wrong could leave you with regrets that money can't fix. Inside this episode: Why being disciplined with money can sometimes work against you
You're earning good money, paying down your mortgage and doing all the right things. But are you missing an opportunity to build wealth along the way?
You've spent decades building your super and retirement is finally within reach. But what if the sharemarket crashes just as you're preparing to stop work? Could you still retire as planned? Would you need to scale back your lifestyle? And could a few bad years in the market affect how long your money lasts? In this episode, Paul Benson explores a retirement risk many people overlook. He reveals why two people with identical savings and investment returns could end up with vastly different outcomes, and what you can do to prepare. Inside this episode: Why the timing of a market downturn matters more as retirement approaches
You want to retire while you're young enough to enjoy it, with enough money to say yes to the trips, the experiences and more time with the people you love. But how do you feel confident spending your savings when you don't know how long they need to last?