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Living the Dream! 

We all know the phrase ‘living the dream’ but when you really stop and think about it, what does that mean for you? 

Is it building an empire or early retirement? Cruising on your Harley or camper-vanning round Australia? Maybe it’s as simple as paying off your mortgage and relaxing — or as stylish as spending your time travelling first class all over the world. Everybody’s dream is different, but whatever it is for you, we can help. Because at Johnston Grocke, we agree with Napoleon Hill who said, ‘A dream is a goal with a deadline.’ We’ll sit down with you and talk about your goals and your dreams, then work out the best strategy to help you get from A to B, step by step. 

I'm making money! 

Ok, so you’re new to the workforce and just getting started. Now is the perfect time to lay the groundwork for a healthy financial future.

Wealth isn’t measured by how much you earn, but by how much you save. And as time goes by and as your career progresses, you’ll have more and more discretionary income — so how much will you choose to spend, to save, to invest? At Johnston Grocke, we can help you make the most of every dollar. We’ll provide you with some very sound financial advice to help point you in the right direction. After all, you’ve worked pretty hard for your money — wouldn’t it be a real shame if you didn’t make the most of it? 

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Here are just some of the things you might like to think about. Let’s start with a budget. Earning more money is extremely satisfying and it’s very tempting to splurge — but your lifestyle expenses shouldn’t go up as your income goes up. Setting up separate accounts for weekly expenses, bills and savings is a simple way to keep out of financial trouble while you’re working towards your goals.

This is the ideal time to start saving for the things you really want — like that car, a house, holidays and more. Later on, you might want an investment property, and it will be time to start creating real wealth so that your money works for you.

And here’s something that’s really important but a lot of people don’t think about until it’s too late — protecting your income and your lifestyle, in case you get injured. 

Of course, you’ll also want to get the best advice on how to minimise your tax. Once you’re earning a higher income, it’s time to increase your super and save even more tax. So when’s the best time to start salary sacrificing? And how much? We can advise you

Buying my first home! 

Buying your first home is an exciting time. But because it’s such a big financial commitment, it can also be a little daunting.

That’s where we come in. At Johnston Grocke, we can project manage the whole purchase process for you. From finding the best home loan, to arranging conveyancers and house insurance, advising on income protection, and showing you how you can pay your loan off sooner. We’ve proven it year in, year out, with hundreds of clients — our advice can save you more money than a low interest home loan! When you combine a great loan with our expertise, it’s amazing how quickly you can pay off the mortgage. So that home sweet home truly becomes all yours.

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Here’s a list of the services we can offer you when you’re buying your home…

  • We’ll discuss your individual requirements and identify what mortgage would be the best for you
  • Provide a cost analysis of the house you’re buying
  • Arrange the mortgage from application to settlement
  • Arrange a conveyancer and building inspections
  • Organise home and contents insurances so you’re fully protected
  • Offer financial planning and debt reduction strategies
  • Advise and implement ‘Smart Debt Management’
  • Complete in-depth budgeting to show you where your money goes
  • Prepare and submit the First Home Owners Grant application
  • Set financial goals and help you achieve them. 

Whew! As you can see, there’s a lot to do when you’re buying a home, so why not let Johnston Grocke take away some of that stress. Of course, the best time to contact us is when you’re looking at homes, but it’s never too late to get organised, so give us a call

 

My life partner (hopefully)!

Congratulations! Now that you’re married, or in a committed relationship, you and your partner can focus on making sure you establish a sound financial foundation.

Getting married is really exciting, and you’re starting a whole new chapter of your life. But with all that excitement of bringing two lives together, the big wedding day and everything else, the boring financial stuff can sometimes get overlooked. Now, research shows that the biggest thing couples fight about is money. At Johnston Grocke, we’re not marriage guidance counsellors and we don’t have a magic wand but one thing we can guarantee, is that we can give you some really good practical advice, to help you both get on the same page with your finances.  

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Now that you’re married, it’s really important to establish a rock-solid foundation for your finances together. Here’s a list of some very important things we strongly recommend that you arrange…

  • Wills and other important documentation.
  • Life and income protection to protect your income and your lifestyle.
  • Insurances to make sure all your assets are fully covered.
  • Buying a house — how to pay it off quickly and how to structure your debt for changes in the future. 
  • Consolidating your finances to reduce the interest you pay and to have one simple monthly repayment.
  • Budgeting and financial planning for your children’s future — because it’s never too soon to start. How best to prepare for kids and for all the expenses that come with them, like school fees, medical expenses, etc.
  • What tax advantages and government benefits are you now entitled to and how can you best take advantage of these? We can also help you work out whether setting up a family trust would be the best strategy for your situation.
  • How to reorganise and restructure your assets, such as real estate, in order to best protect them. This can help you increase your tax deductions, and it’s also something that’s important to consider if one of you is self-employed.
  • What if one of you got sick or injured? Your finances would take a big hit, so make sure you ask us about income protection.

    Estate planning — to help you take care of your beneficiaries, reduce taxes, wind up a business, and more. Yes, it is a big long list but, at Johnston Grocke, we’re here to help you set those all-important financial and lifestyle goals. And once you’re clear on your goals, it’s much easier to map out a plan to make sure you achieve them. 

Kids! What now? You’ve just had a child or you have one on the way? Now’s the ideal time to plan a healthy financial future for your whole family.

Having children is one of the most memorable moments of your life. Some people tell us it’s the time they realise that they’re really an adult! With grown-up problems. Now they’ve got these tiny little people who are relying on them and who they’re responsible for. This is the time you really need to think about how exactly to provide your kids with a safe and secure future. Striking a balance between having a comfortable family life now and funding everyone’s future needs can be tricky — but it doesn’t have to be impossible. 

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We can help you with goal setting and planning, getting you on the right track and helping you to stay the course so you can make your dreams a reality. Here are just a few of the things you’ll want to consider once kids are in the picture…

  • Financial planning for a education fund
  • How to protect and provide for them if you get sick or injured
  • And what if you lose your job? How big a financial buffer will you need and how do you make sure you’ve got it?
  • What tax structures are beneficial now that you have kids?
  • You’ll need to update your wills, and more.

Now, that might seem like a list of difficult questions that you don’t know how to answer. We understand it can be very tempting to put them in the ‘too hard’ basket. But that’s why we’re here. At Johnston Grocke, we’ve helped hundreds of people work out the very best way to get their family the future they really want. We can help you, too

Investing - show me the money!

Now that you’re in a financial position to invest, we can make your money make money. With the right advice, it’s easier than you think.

Investing is a extremely broad area and it can get very confusing. Before you start, you need to have a really clear goal and a focus. So, what exactly do you want to get out of investing? Many people who invest can’t answer this simple question, and maybe you can’t either. Yet. That’s not a problem. At Johnston Grocke, we’ll help you identify exactly why you want to invest. We’ll help you set your goals and we’ll write a clear strategic plan to get you where you want to go, using the most suitable structure and entity for you. 

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The investment strategy we’ll develop for you could include the following…
• Property — developing, buy and hold, renovating or subdivision
• Business — purchasing shares in a business, buying one, or starting one
• Shares — managed share funds or direct shares
• Cash — or something else.

We’ll also advise on the best investment vehicle for you, be it superannuation, SMSF, personal names or company and trust structures.

Inheritance on the horizon!

Receiving an inheritance can bring about a wealth of mixed emotions. On the one hand, you’ve lost someone very dear to you. 

On the other hand, you suddenly have extra money you may not have expected. This can be an extremely difficult time for people as they struggle to cope with the big changes an inheritance can bring. So, it’s important to take some time out to grieve before making any big decisions about what exactly you’d like to do with your windfall. We all know how tempting it can be to spend money on things you’ve always wanted, but try not to let spontaneity get in the way of saving or investing your money for your future. 

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So, what will you do with your inheritance? You probably have a wish-list — like paying off your mortgage, buying a new car, retiring early, a world trip. Depending on the amount you’ve inherited, you may or may not be able to accomplish all of your goals with the money you’ve received. However, at Johnston Grocke we can help you formulate a plan to get you started. Firstly, here are three things to think about…

1. Tax implications!
Yes, unfortunately there could a be a spanner in the works already, because there may be tax implications from receiving your inheritance. If so, what should you do?

2. Do you have any debts?
If you have outstanding debts, such as credit cards (especially high interest rate credit cards), student loans, car payments, etc. would you be better off reducing some of that debt or paying it off completely?

3. How can you make the most of your money?
No matter what your long-term goals are, it’s important to plan ahead and invest part of your inheritance so your funds will grow over time. We can work one-on-one with you to help you identify your goals, assess your tolerance for risk, and select suitable investments that can help you achieve those goals.

 

Ready for retirement!

Now that you’re nearing retirement, hopefully you’ve accumulated enough assets to not just ‘get you through’ your Golden Years, but to really enjoy them.

Thanks to the marvels of modern medicine, we’re all living a lot longer these days. Which means we’ll (hopefully) be here for many more years of retirement than any generation has before. If you’re planning to finish up at work and retire in the near future, now’s the time to make sure that you have everything in place. If you don’t already have a nice nest egg built up, you may need to think about how to subsidise your retirement income. Because depending on Social Security alone probably won’t give you the lifestyle that you want to lead in your retirement years.   

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You’ve spent your whole life working hard. Retirement should be the time to do all the things you ever wanted to do, now that you’re free. So, what did you have in mind? What’s on your bucket list? And how will you fund it? Here are some things to think about…

• You’ve paid tax all your life — how can you now maximise what you get back from the government in the form of a pension?

• Superannuation options — new laws mean lots more flexibility, but with all those options, which one is best for your circumstances?

• How can you get the most from not just your super, but from other investments as well?

• Estate planning — if you haven't already done so, you may want to think about establishing an estate plan. A well-constructed estate plan can give you the peace of mind to know that your hard-earned assets will pass to the right people at the right time.

• The list goes on and includes — setting up a budget, reorganising your life insurance, establishing an emergency fund, planning for long-term care.

As you can see, there’s a lot to think about. The only way to make sure that the Golden Years of your life are some of the Best Years of your life is to get expert advice. At Johnston Grocke, we’ve been helping retirees plan for a wonderful retirement for over 25 years. We can help you, too



Contact Johnston Grocke

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Accountants & Financial Planners - Mortgage & Finance Services
IMPORTANT NOTICE

On this entire website, information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of information sourced from third parties. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

Anthony Klatt, John Grocke and Mathew Wilkshire are authorised representatives of Paragem Pty Ltd. Paragem Pty Ltd ABN 16 108 571 875, is the holder of Australian Financial Services License number 297276 and these authorised representatives trade as Johnston Grocke.

AG Finance Group is a Corporate Credit Representative (396686) of BLSSA Pty Ltd, ACN 117 651 760 (Australian Credit License Number 391237).