Life is often compared to a sandwich, with its layers and ingredients representing the various aspects of our journey. When it comes to our financial journey, the analogy becomes even more fitting. Just as we have the freedom to choose the ingredients in our sandwich, we have the ability to shape our financial future. So, what sort of sandwich is your life?
The Bread: Foundation of Financial Stability
The bread in your sandwich represents the foundation of your financial stability. It could be whole grain, white, or even gluten-free, symbolising the different starting points we all have. Some may begin with a strong financial background, while others might start with less. Regardless of the type of bread, it’s essential to have a solid base to build upon.
The Spread: Financial Planning
The spread is the financial planning that holds everything together. Whether it’s butter, mayo, or avocado, it represents the strategies and plans you put in place to manage your finances. A well-thought-out financial plan can make a significant difference in how smoothly your financial journey progresses.
The Protein: Income and Investments
The protein in your sandwich is your income and investments. It could be turkey, ham, tofu, or chickpeas, symbolising the various sources of income and investment opportunities available. Diversifying your protein sources can lead to a more balanced and fulfilling financial journey. Just as a sandwich with a variety of proteins is more satisfying, a diversified portfolio can provide greater financial security.
The Veggies: Savings and Budgeting
The veggies represent your savings and budgeting efforts. Lettuce, tomatoes, cucumbers, and peppers add freshness and crunch, just as saving and budgeting add stability and resilience to your financial life. Regularly setting aside savings and sticking to a budget can help you weather financial storms and achieve your long-term goals.
The Extras: Financial Goals and Aspirations
The extras, like cheese, pickles, and sauces, symbolise your financial goals and aspirations. These are the elements that add flavour and excitement to your financial journey. Whether it’s buying a home, travelling the world, or starting a business, these goals give you something to strive for and make your financial journey more enjoyable.
The Top Slice: Financial Independence
The top slice of bread represents financial independence. It’s the ultimate goal that completes your sandwich. Achieving financial independence means having the freedom to live life on your terms, without being constrained by financial worries. It’s the culmination of all your efforts and planning, providing a sense of accomplishment and security.
The Role of a Fiduciary Financial Adviser
Just as a seasoned sandwich maker knows the best combinations and techniques to create a delicious sandwich, a fiduciary financial adviser brings expertise and experience to your financial journey. They are like the master chef of your financial sandwich, offering tips and tricks to enhance your financial wellbeing.
A fiduciary financial adviser is legally obligated to act in your best interests, ensuring that the advice and strategies they provide are tailored to your unique needs and goals. They can help you choose the right ingredients for your financial sandwich, from selecting the best investments to creating a comprehensive financial plan.
Making Your Own Sandwich
Just as you have the freedom to choose the ingredients in your sandwich, you have the power to shape your financial journey. It’s about making informed decisions, planning for the future, and staying adaptable. Remember, everyone’s sandwich will look different, and that’s okay. The key is to create a sandwich that satisfies your unique tastes and needs.
So, what sort of sandwich is your life?
Take a moment to reflect on your financial journey and the ingredients you’ve chosen. Are there areas where you can make improvements or add new flavours? By taking control of your financial journey, with the guidance of a fiduciary financial adviser, you can create a sandwich that not only sustains you but also brings you joy and fulfilment.
Reach Out for Expert Guidance
If you’re looking for personalised advice and expert guidance on your financial journey, consider reaching out to Bruce Jenks, a CEFEX certified fiduciary financial adviser at Stewart Financial Group. With his extensive experience and commitment to acting in your best interests, Bruce can help you craft the perfect financial sandwich tailored to your unique needs and goals.
Contact Bruce today to start building a more secure and fulfilling financial future.
Bruce Jenks is a financial adviser at Stewart Group, a Hawke’s Bay and Wellington-based CEFEX & BCorp certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, wealth management, risk insurance and KiwiSaver scheme solutions.
Blog No 4.
The information provided, or any opinions expressed in this article, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from a Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz
