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Financial Advice for Young Professionals

Set yourself up for success from the start. We offer expert financial advice for young professionals in Newcastle and the Hunter Region.

Elliot Watson Financial Planning

Achieve more in the future with our financial advice for young professionals

For many young Australians, “personal finances” or “finances for young adults” won’t be found in the high school curriculum. 

This can leave many young professionals feeling lost about how to manage their finances, apply for credit or manage debt effectively — this can make it difficult if not impossible to save money for the more important things like a home loan, a wedding, starting a family or future investment opportunities. 

If you are a young person or couple looking to make smarter financial decisions, accumulate wealth or invest in your future, financial advice can help set you up for success.

Here at Elliot Watson Financial Planning, we take a holistic approach to financial advice for young professionals. We can show you how to make smart decisions about your finances and teach you how to avoid pitfalls that can leave you in financial distress.

We offer advice around:

Forming a strong relationship with a financial advisor earlier in life not only gives you more options for the future, but it also means that you can live your best life knowing your finances are always under control. 

To talk to an experienced and knowledgeable financial advisor in Newcastle, contact the team from Elliot Watson Financial Planning today.

Why choose Elliot Watson Financial Planning?

If you’re a young professional looking to invest in a better future, you need a guiding hand to show you the ropes and teach you how to make better financial decisions for both you and your family.

At Elliot Watson Financial Planning, we’ve helped hundreds of young professionals achieve more control over their finances, debts and investments, while also giving them the skills to avoid the pitfalls that can cause major setbacks in life. 

Our holistic approach to financial advice for young professionals has been recognised on a national stage. We won Practice of the Year in 2018 and Risk Practice of the Year in 2017 but in our minds, our greatest achievement is your success.

Our experienced financial advisors can offer the following: 

A comprehensive financial plan. We offer a wide range of financial planning services and work closely with trusted mortgage brokers, lawyers and accountants, so you can rest assured knowing we’ve got your back.

Peace of mind. With Elliot Watson Financial Planners, you have more confidence knowing that you have an advisor who has your best interests at heart.

Evidence-based advice. We can help you navigate the minefields of tax, legislative requirements around investing, insurance and superannuation.

Tailored support. We know that no two clients are the same which is why we’ll tailor our services and advice around your needs and aspirations. We will work together to achieve your goals. 

To book a consultation with us, please contact us online or call us on 02 4038 1623.

We were lost, didn’t know what to do. Elliot Watson Financial Planning got us a plan to achieve all of our goals – we bought a house, got married and had an amazing honeymoon.

Double Income, No Kids (DINKs)

Double Income, No Kids (also known as DINKs) is one of the best times in your life to get ahead and prepare for your future as a team. We’ve helped countless DINKs achieve their goals through tactful financial planning. Here’s an example. 

Case study

In 2012, a young couple in their mid-20s who had been in a committed relationship for a number of years came to see Elliot Watson Financial Planning. They had both worked hard and established good careers for themselves and were seeking advice on how best to use their position — both partners working full time, no kids, minimal debt and a cash flow surplus (meaning they were saving money regularly).

They had dreams and big goals and wanted a plan to achieve them.

Their goals 

Buy or build a new home.
Get engaged and have an awesome wedding.
Travel to Europe and have an incredible honeymoon.
Optimise their cashflow.
Minimise tax.
Create wealth and get ahead.
Protect what they had and make sure they would be okay if something unexpected happened.
Start a family.

How we helped 

Our advisor worked with the clients to get clear on where they wanted to live and the realities of the location they thought they wanted. They were provided with a strategic analysis that showed two scenarios.

By doing this work we were able to discover that what the clients really wanted was to live closer to town, have a mortgage that was more realistic and sustainable while at the same time allowing them to maintain their social lifestyle and get ahead financially.

Further, the analysis also provided a third strategy option which significantly improved their ability to save and minimise their tax. This was a game-changer!

Their advisor recommended and implemented a wealth protection plan making sure both of them were protected against a major sickness or accident. We reviewed and consolidated their multiple superannuation funds and implemented a strategy that increased the probability of higher returns over the long term. 

The value of our advice 

By implementing the advice given by their advisor, the clients got clarity about their goals and made decisions that they wouldn’t have made without tailored financial advice. This resulted in their ability to save an additional $5,000 per month for about 12 months ($60,000) and this additional money was enough to meet the costs of their wedding and honeymoon.

When they returned from their honeymoon they had no short term debt and were still in a structural surplus. We then helped them use this position to continue to grow wealth, minimise tax and start planning and preparing for a future family.

By implementing a wealth protection plan, the clients achieved a sense of security knowing that if either of them ever suffered a major sickness or accident there will be funding available to meet medical costs, replace any lost income and pay out their mortgage.

The changes to their superannuation funds have resulted in clarity and certainty knowing where and what their future retirement is doing.

We were lost, didn’t know what to do. Elliot Watson Financial Planning got us a plan to achieve all of our goals – we bought a house, got married and had an amazing honeymoon.

Capital Growth & Income Generation
Elliot Watson Financial Planning
"We were lost, didn’t know what to do. Elliot Watson Financial Planning got us a plan to achieve all of our goals – we bought a house, got married and had an amazing honeymoon”
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AFA Adviser of the Year 2019 Finalist
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OUR PROCESS

Tailored Financial Advice For Young Professionals

Our process involves working with you personally to help you achieve your goals. Our advisors will listen to what it is YOU want out of life and what financial milestones you want to meet, then make it happen. We are dedicated to making the financial planning process as comprehensive and easy as possible.

Learn more about our financial planning for young professionals and how we help our clients achieve their goals.

Our Process
FROM THE BLOG
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