Steps to financial success
Are you looking to build your
If you want to build your wealth ASIC's MoneySmart website has
tips and tools to help you. The sooner you start taking action on
your finances, the sooner you'll reach your lifestyle goals. Find
out how you can work towards a bright financial future.
Check if financial advice can
Financial advice can help you clarify your goals and set a plan
in place to help you achieve them. Here are some steps you should
take if you're considering financial advice or already dealing with
a financial adviser.
Work out what you need
Be aware of the types of financial advice you
can get to work out what sort of advice you need. We explain the
difference between simple one-off advice and a comprehensive
We also explain how to choose the right financial
adviser and check their employment history using ASIC's financial advisers
It pays to be prepared
The more prepared you are before you see a financial adviser the
more likely your discussion will focus on what you want to achieve.
Read our tips on how to prepare for the first meeting with an
Before you act on the recommendations of a financial adviser,
it's important to understand the advice and assess if it's right
for you. We can help you understand what to look for in
Video: George and Mary get financial
Video about financial advice.
George and Mary have worked hard all their lives and want to be
sure they invest their money wisely. Check out their tips on how to
ensure any financial advice you receive is right for you.
Read our Financial advice
and you booklet to find out what kind of financial
advice you might need, where is the best place to get advice and
how to get the most from your conversations with a financial
If you are thinking of building an investment portfolio, it's
important to make sure you understand and follow our golden rules of
Understanding the risks associated with various types of
investment is essential to ensure your investment decisions match
your goals, timeframes and risk tolerance. Read our webpages on
important concepts such as diversification and the risk/return
See how much you know about the risks of different types of
We also have guidance on all kinds of investment products
Video: Sophie wants to invest without too much
Video about investing.
Sophie is keen to build an investment portfolio but wants to
ensure she grows her money without taking on too much risk. Check
out her approach to smarter, safer investing.
Read our Investing between the flags booklet if you
want to understand how investments work, develop an investment plan
and avoid financial scams.
Sort out your super
For many people, super will be the main source of income in
retirement, so it makes sense to have a pretty good idea of how
much you've got and how it's performing. The earlier you take
control of your super, the more you'll have in
We have some great, easy to use online
superannuation tools to help you work out what your retirement
income will be.
If you find you are not on track for the kind of retirement you
want, focus on ways to boost your super now.
Video: Bill and Suzie sort out their
Video about superannuation.
Bill and Suzie are sorting out their super so they can have the
lifestyle they want in the future. Check out their tips on the
simple steps you can take now that can make a big difference
Find out how you can:
Get your debts under
The figures for average credit card debt show
that too many Australians are carrying more debt than they can
afford. Getting your debts under control is an essential step
towards creating a brighter financial future.
If you are not paying off the full balance on your credit card
each month, you are paying too much.
Work out how you can reduce the balance more quickly and save on
Credit card calculator
Our budget planner can also help you work out how much money you
can put towards paying off your debts so you can be debt free
Know where you stand financially.
Whatever financial goals you have, we have
the tools and guidance to help you.
Last updated: 07 May 2018