When you think "financial planner", what's the first thing that comes to mind? You'd be forgiven if your first thought was that only rich people with plenty of money to invest have financial planners in their contact lists. But here's the thing:  there's a good chance they got to that point of wealth because of the help of financial planners long before they were rich.

What’s the difference between an accountant and a financial planner?

If you break it down, accountants are focused on the past, while financial planners look to the future. That's a simplistic way to put it, and there can sometimes be an overlap in what accountants and financial planners can offer. But essentially, an accountant's job is to assist you with the financial transactions you've already made, while a financial planner's focus is on how you'll spend, save, and invest your money going forward.

Accountants handle things such as taxes and superannuation, and they can help you deal with government rules and regulations in relation to how your money is spent and what taxes and fees apply to that.

Our job as financial planners is to help you set personal financial goals and then guide you in how best to meet those goals. Perhaps your goal is to start an investment portfolio, or maybe you want help setting up a self-managed super fund. You might need some advice on the best plan of attack to get out of debt as soon as possible, or maybe you want to plan for your retirement. A financial planner can help with all of those things and more.

What can a financial planner do for me?

Our goal is to help you build and protect your wealth. And it's not just about getting rich, building a huge investment portfolio, and buying a Lamborghini (although if that's your goal we can help with that, too).

It's also about saving money for your retirement, setting up a sustainable budget to get you out of debt, building up a savings plan for your children's education, and maximising the benefits from your Christmas bonus. We'll help you consolidate and restructure your debt, find the right superannuation fund, and maximise your opportunities for wealth generation.

Regardless of your age, background, or financial health, we will work with you to set short, medium, and long-term goals to bring you financial freedom and peace of mind for yourself and your family.

What about the COVID-19 pandemic? My finances are shot right now!

Okay, let's be real. COVID has brought with it an abundance of chaos and uncertainty as far as our personal finances go. You might be wondering what the point is of having a financial planner on hand if you've found yourself unemployed or struggling financially because of the pandemic, and that's a fair question.

We know it sounds counterproductive, but speaking to a financial planner in the middle of the pandemic could actually help you through your financial struggles. If you think about it, who better to help you build a realistic financial plan to deal with your money obstacles while we deal with the pandemic? An experienced financial planner will look at your current circumstances and help you prioritise how you spend the money you have coming in, but also navigating towards your bigger financial goals.

Let the Profacc financial planning team  help you discover the best way to spend, save, invest, and protect your money