Over the years I have benefited from other business people, investors and professionals sharing their knowledge with me. Sometimes it is on a very casual basis over a beer. Sometimes it is being able to pick up the phone and discuss a technical matter with a lawyer or run the detail of a project past a banker to see if there is a solution to a potential dilemma.

I like to think this has been a two-way street and I have assisted others in a similar way, sometimes looking at the situation in a completely different way and in other situations in a more formal sense - assisting community organisations by bringing my experience and skill set to particular situations.
 
This sharing has also extended to the wider Mitchell Wilson family where I have assisted the next generation, whether my kids or those of clients or friends as they start their financial journey. In talking with the next generation who must now build financial prosperity, a few things have become clear:

There are less free-kicks and jump-starts on the horizon

The federal budget offers a small taste of what likely lies ahead for our kids in the next decade. Higher education and housing costs, less assistance and slower economic and wages growth. With no mining boom around the corner to create abundance for all, wealth will be about smart decisions, commitment, innovation and hard work. Timely financial advice can certainly grease the wheels.

Good income earners aged 30-40 have the best chance to get ahead financially but unfortunately, they spend the least time seeking out good advice. 

It’s understandable. This decade is an intensive time in life where people are at their most productive, focussed on career success and childrearing.  Spending time at their accountant’s or advisor’s office is low on the agenda.  But too many people wait too long to seek advice and create optimal financial structures.  By then, there’s only so much they can do to impact net wealth.  Anyone earning a competitive professional salary (at any age) should start getting serious about wealth building and seek advice to maximise success.
 
This generation wants to improve their financial literacy by self-educating online

My generation asked for a referral from friends or family when we needed help from a professional. This generation types ‘tax advice’ into Google. Yep, things have changed.
 
So to ensure we can continue to share our knowledge, Mitchell Wilson has created a unique online resource to help people find quality independent advice from a trusted source.  From there, they can arrange a meeting with me or any one of our team of experts at a similar life stage.

Visitors to the new site will be able to download a series of financial e-guides, tools and calculators to help get their personal finances in shape or tackle common problems they may face if they run their own business.

We’ll be launching the website in the next few weeks, but keep an eye out for a VIP access offer especially for friends and family members of our clients only.  Just our way of saying thanks and showing our appreciation.

After all, charity begins at home - right?