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Should You Take Time Off Work To Manages Your Finances?

This was the premise of a news article I recently read.

The idea is that you take regular time off work to actively manage your money, find the best deals, monitor your investments, etc.

Whilst on the surface this may seem like a good idea for most people, for doctors and dentists there is tremendous opportunity cost (i.e. lost income at a high hourly rate). In addition, managing your money is not as simple as it seems.

For example, how do you analyse your cash flow and tax position, how do you decide whether to pay off your mortgage faster, or instead make more super contributions? Should you save for your children’s school fees? Should you invest in property, shares or managed funds, etc. ?

Don’t get me wrong, I am all for taking an active interest in your financial position and future, but there are better ways to do this.

Why not take limited time off work and find a trusted adviser to outsource the analysing, strategizing and implementing to?

After all, you are a specialist in your own field. You refer to other specialist colleagues when that is in the patient’s best interests. Why not take the same professional approach with your finances?

We deal with clients like yourself every day and have an experienced team of people ready to assist you.

Don’t spend hours on the phone to your insurance or superannuation provider, you have far more valuable things to do.

Feel free to give us a call on 08 9381 2704 or email me directly at Yves@affluenceprivate.com.au if you would like to get more out of your money.


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