It can be hard to know what to do with your money. You need to put yourself in the three tenses to be able to make the most sense of it. By thinking about the past, the present and the future, you can get to grips with what you need to do in order to get yourself into the best position, financially speaking. It’s taking into account hindsight and using this as your motivation, as well as factors around you presently, to be able to predict what’s going to happen in the future as accurately as you can.


    The Future

    Let’s start with what’s going to happen. All being well, we generally hope to hit retirement with a nice safety net of things available for us to be able to utilise to our comfort. Whether this is more holidays due to an increased amount of funds from a pension or another source like a self managed super fund that Blueprint Wealth’s SMSF division can sort you out with, it is something that a lot of us expect … but don’t tend to put much thought into until closer to the time. What we can learn from past mistakes (and not just focusing on us, but the generations that have preceded us), is that it’s better to invest early to avoid getting into trouble later on in life. So what are we sitting around for?

    The Present

    It’s important to take into considerations factors that are affecting you currently. Putting yourself into the present situation, how much can you afford to part with each month to ensure that you are comfortable in the future? A lot of us are reluctant to do it because it’s not something that we can really keep a good check on. Whereas we are used to paying for something and getting a service or item back in return instantly, this is something that instead we have to trust and forget about. It can be a lot of money that you are saving over the years, but it shouldn’t impact situations that you have going on at the moment if it’s going to make your lifestyle uncomfortable.


    The Past

    Think about pension funds that you may have started with other companies. You will need to ensure that these are either transferred over or are able to be withdrawn from/utilised when the time comes. There is nothing worse than a fund that has been forgotten about – for the employee, not the employer. If you are moving jobs around quite a bit, take heed of this and think about what you can do to ensure that your money stays in one place in order to be used further on in the future. This could be a private pension or investments in property, shares or stocks that will either provide a good return or a sound base for you to be able to draw money out from. Learn from your past and start putting it towards your future decisions.