How financial advice can make you a happier and healthier person in 2020
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- By Sam Wicks
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- Date posted:
- 15 January 2020, 12:48 PM
Sam Wicks, Financial Adviser, Morgans Port Macquarie
One of the biggest trends that we predict for the next decade is a continuing focus on the improvement of people’s mental health and well-being.
While new year’s resolutions about losing weight or becoming more active are common, there is now evidence that gaining control of your personal financial situation can significantly contribute to a healthier and happier you.
Studies conducted by the QUT Business School indicate that personalised holistic financial advice has positive effects in terms of individuals feeling more in control of their finances.
However, the Australian Securities and Investments Commission (ASIC) shows that only just over a quarter of Australian's have received financial advice tailored to their personal circumstances.
The QUT Business School study revealed that when people feel more in control of their finances, they experience lower levels of stress and increased comfort about their financial situation knowing that they are more prepared for contingencies.
When we experience less stress and increased peace of mind, our health and wellbeing will benefit from increased personal happiness levels, decreased likelihood of arguments with loved ones and an increased ability to sleep well at night.
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Sam is a Financial Planner at Morgans Port Macquarie. Sam is a highly motivated individual who is passionate about his clients achieving financial security and freedom. His determination to build long-lasting relationships with clients is as much a priority as his ambition to develop a strategic financial plan that is secure and attainable.
If you would like to gain more control over your finances in 2020, you can you can contact the Morgans Port Macquarie office on [email protected] or via (02) 6583 1735.
General Advice warning: This article is made without consideration of any specific client’s investment objectives, financial situation or needs. It is recommended that any persons who wish to act upon this report consult with their investment adviser before doing so. Morgans does not accept any liability for the results of any actions taken or not taken on the basis of information in this report, or for any negligent misstatements, errors or omissions.