Why advisers can help nail the ‘right idea at the right time’

In his latest book, Virgin Millionaire, financial adviser and founder of Pivot Wealth Ben Nash outlines how Australians can achieve financial independence and provides actionable strategies for money and investing success.

According to Nash, seeking financial advice is a key component and can help cut through the noise about how to manage money.

“I wrote Virgin Millionaire because I wanted to help with what I have found to be the most common frustration people have around money. This stems from the fact that when it comes to money, everyone seems to have an opinion or ideas about what you should or shouldn’t do,” he told ifa.

“Along with this, there is so much information and noise out there online about the ‘best’ things to do. What most people don’t realise is that there are many things that can be good or bad when it comes to your money, but often it’s a matter of timing.

“The right move at the wrong time is the wrong move, and so for most people, there are a lot of ‘good ideas’ that actually wouldn’t be good for them right now. When people fall into the trap of this sort of thinking, they can slow themselves down and hold themselves back. And on the flip side, when people make the right moves for the time and stage they are at, you get the fast-track to better results.”

Based on his experiences as an adviser, he explained that this is a common occurrence, and his goal for the book was to help a broader section of the public understand how to approach these decisions.

“As a financial planner, I would naturally direct clients towards the right moves for them at the point in time they are currently at,” Nash said.

“But when writing Virgin Millionaire, I wanted to codify this thinking and give people a roadmap they could use to firstly assess where they are at, and then understand the smartest things they need to do right now.”

While the decisions people make now can set them up for financial independence, he explained that the biggest impact is on retirement.

“I think more Aussies need access to quality advice to help close the huge retirement gap we’re facing in this country. We know that government benefits are reality for most people, and this means that people will suffer a significant drop in income in retirement, and ultimately be forced to make lifestyle sacrifices,” Nash said.

“This can be avoided with quality planning and the right approach to your money management, something that I think everyone deserves and something I feel privileged to help people achieve.”