Are you FinFit for summer? - Raiz Invest

With summer fast approaching, we can look forward to holidays over the new year, an Aussie Christmas in the sun, and some keenly anticipated trips to the beach with friends and family. Fitness becomes the focus for many as we approach the warmer months of the year.

But a summer body doesn’t appear overnight. It takes weeks or months of behind the scenes fitness sessions, it takes planning and dedication to a goal, and it takes commitment to sticking to that plan.

The exact same characteristics could be attributed to your financial fitness. What if you planned to regularly save $20 a week for the next four to five months? You would have almost $400 set aside for your summer fun budget. If you think even bigger picture, setting aside even small amounts like this over a longer timeframe could add up to be a sizeable amount.

It sounds cliché, but long-term investing really is a marathon, not a sprint. There will always be unexpected bumps along the road, but by pacing yourself and sticking to your investing plan/goals, you should have a better chance of success in the long term.

Research says that If you spend even just two hours a week on moderate fitness, it is beneficial for your health. What if you spent just thirty minutes a week on your financial fitness? You could check your super balance once a week, set up a savings goal/regular investment plan (Raiz’s recurring investment/saving goal feature can assist with this), create/review your budget, or think about using automatic round-ups so those guilty pleasures around the silly season still contribute to your savings. For more information on Raiz fees, click here.

Financial fitness doesn’t have to be complicated, but it is important.

 


 

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If you have read all or any part of our email, website, or communication then you need to know that this is factual information and general advice only. This means it does not consider any person’s particular financial objectives, financial situation, or financial needs. If you are an investor, you should consult a licensed adviser before acting on any information to fully understand the benefits and risk associated with the product. This is your call but that is what you should do.

You may be surprised to learn that RAIZ Invest Australia Limited (ABN 26 604 402 815) (Raiz), an authorised representative AFSL 434776 prepared this information.

We are not allowed, and have not prepared this information to offer financial product advice or a recommendation in relation to any investments or securities. If we did give you personal advice, which we did not, then the use of the Raiz App would be a lot more expensive than the current pricing – sorry but true. You therefore should not rely on this information to make investment decisions, because it was not about you for once, and unfortunately, we cannot advise you on who or what you can rely on – again sorry.

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The risks and fees for investing are fully set out in the PDS and include the risks that would ordinarily apply to investing. You should note, as illustrated by the global financial crisis of 2008, that sometimes  not even professionals in the financial services sector understand the ordinary risks of investing – because by their nature many risks are unknown – but you still need to give it a go and try to understand the risks set out in the PDS.

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Any opinions or information expressed are subject to change without notice; that’s just the way we roll.

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Raiz Home Ownership Pty Ltd (ABN 14 645 876 937), an Australian Credit Representative number 528594 under Australian Credit Licence number 387025. Raiz Home Ownership Pty Ltd is 100% owned by Raiz Invest Australia Limited (ABN 26 604 402 815).


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