Aurora Wealth in Narre Warren, Victoria | Insurance Agent

Aurora Wealth

Locality: Narre Warren, Victoria

Phone: +61 456 757 140

Address: Level 2, 66 Victor Cres 3805 Narre Warren, VIC, Australia

Website: https://www.aurorawealth.com.au/

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• Investing service
• Financial planner
• Insurance Agent

25.01.2022 How much superannuation do you need to live a comfortable retirement?

25.01.2022 More time at home, means more work, but also more Netflix. I just started watching Suits, and I'm loving it. Not sure why i haven't watched it before. Its been round for ages. Any tips on what to watch next, or now, to mix things up?

25.01.2022 Choose Happiness I'm a big believer in focusing your time, energy and money on the things that make you happy in life. About two years ago, I was reflecting on my work situation, on whether it was making me happy, and whether I felt fulfilled, and I realised that something had to change. ... For the past 10 years I'd been working at a major bank and was starting to become disillusioned and resenting the day to day aspects of my job. I didn't feel like I had enough control over making things better, so I decided I needed to make a change. I still loved meeting people, discussing their dreams, making new friends, but I felt trapped and unable to reach my full potential. It was starting to affect my happiness and those around me were beginning to notice and be impacted. Now I don't like complaining and I always believe it's better to focus on what I can do to change the situation. So this began the 12 month process of starting this business. I knew I still enjoyed being a financial planner, so the key was to find ways to influence the aspects that I didn't enjoy and at the time had no control over. That 12 month planning process proved to be one of the most enjoyable experiences of my working life. As I've said before. Having the freedom to map out your own future is truly empowering. The business has been running for 12 months. As we've discussed. Things are going great, and my only regret is really that they didn't do it sooner. I think really, the only reason I didn't do it sooner was because I was scared. What is that that you would want to do to make you happy and what's holding me back from starting to do it now?

25.01.2022 The best thing about this job is the clients and seeing them achieve things they otherwise wouldnt have. A quick shoutout to Ian Ray and Liana Ray to say thanks for putting your faith in me. It must have been nearly 10 years working together now and its been great seeing everything come together. Im really proud that youve been able to retire early, allowing you to finish the work on the camper trailer (although not much use when youre stuck at home), spend some quality ...time together, but more than that, for Ian to have the time with his mother over the past couple years. Im looking forward to seeing what exciting things we achieve in the future. Thank you!

24.01.2022 "Procrastination is the bad habit of putting off until the day after tomorrow what should have been done the day before yesterday - Napoleon Hill

23.01.2022 The biggest money mistake I see people make is not taking action. Most clients we meet have been thinking about seeing a financial adviser for some time and either life has got in the way, they didn't know where to start, or were worried that they might not like what they find out about their current situation. The sooner you start planning your future, the bigger impact you can have on the outcome. Its much easier to save $50 per week now, then wait 10 years and have to save... $250 per week because you're running out of time. If you're not sure you're ready for financial advice, at least do some research. Figure out what super you have, think about when you'd like to retire and maybe have a play around with some retirement calculators like the one below on the Moneysmart website. https://moneysmart.gov.au/retirement-inc/retirement-planner If you are ready for some advice, book a chat with someone (hopefully us) and don't let inaction stop you from getting what you want in the future. #valueofadvice

22.01.2022 Don't Settle, You May Have Been Misled One of my biggest frustrations in life is the amount of misinformation that's out there. It's the same if you're trying to way up whether you close to retirement or not, and understand how you're progressing towards your retirement goal. If you do reading, a lot of things can tell you that you need a million dollars to retire and as a result, a lot of people put their head in the sand because they just figure it's too far away.... The reality of the situation though is that if you've got access to the age pension, you don't need anywhere near a million dollars to retire, and what doesn't get taken into account when people say they need a million dollars to retire is what you actually want to do in retirement. One of my favourite things about this job is that initial appointment with clients finding out about all the things they'd love to do in their future. One of things I challenge people to do is to think about all the things that they would love to do, rather than what they think they could do, because often people underestimate what's possible. Recently I had an experience where a client said they wanted the income of $500 a week, and they'd be comfortable living on that for the remainder of their retirement. When pushed, they added that they would actually prefer it to be $700 a week, and that they would actually like to travel to Europe sometime, and they'd like to travel to America sometime, and they'd love to go spend some time with their family. But they didn't believe it was possible. Not long after I went through some modelling with them. What we realised was that all those things were achievable. That sense of relief, once you realise all the things you wanted from your future are possible can be truly empowering. Now they're focused on going about achieving those goals, and I look forward to seeing them enjoy those holidays in the future and the lifestyle they always wanted in retirement.

22.01.2022 Ever wondered where does all your money gets spent ? Today, i am sharing a simple tool that i use with all my clients to understand their full cash-flow. I refuse to engage with anyone if they are not willing to take time to do this simple step.... The reason i am so firm on this is because unless we understand our income and spending patterns it is of no use to plan for the future because its like planning for your road trip without having a clue how much fuel you have in the tank. A good grasp over your cash-flow is the foundation to a good financial plan. ASIC has this free tool on their moneysmart website that any one can access for free. It will probably take 30 mins to do it and trust me you will feel good about doing it :) Here is the link, give it a go and tell me what do you think ? https://moneysmart.gov.au/budgeting/budget-planner

22.01.2022 There's nothing quite like that feeling, when the numbers balance. Creating a realistic budget is a great way to do this!

22.01.2022 Secret 2 - You know how much super you have For many people, the only time they pay any attention to how much superannuation they have is when they get their statement in the mail once a year. Knowing how much superannuation you have will be your first step in understanding how soon you can retire or how much work you have to do before beginning your successful retirement. Its important to know how much superannuation you have because:... It sets your starting point Once you know where youre starting from, you can begin to get a clearer picture of how far away retirement might be and/or what steps you have to put in place. It sets expectations If you have less than you thought you had, you can be ready and prepared for the work ahead. If you have more than you thought you had, you might be able to dream bigger. It guides your next step Maybe you need to start saving more. Maybe you can start saving less and enjoy life a little more. Maybe you dont have to wait till retirement to take that dream holiday after all.

21.01.2022 "Service which is rendered without joy helps neither the servant nor the served. But all other pleasures and possessions pale into nothingness before service which is rendered in a spirit of joy." - Mahatma Ghandi

21.01.2022 Money Tip: Assign each $1 a job. When every dollar in your budget has a purpose it is awesome to watch it work for you.

21.01.2022 Have you heard of a TTR or 'Transition to retirement' strategy? It is a strategy that lets you access some of your super while you keep working. Here is an overview of how it works.

21.01.2022 What sort of lifestyle do you want to live in retirement? If you've got some time off over this Christmas and New Year period now is a good time to have a think about the lifestyle you want to live in retirement. You need to consider things like what are your normal expenses, do you want to travel or do you want to go out to cafes and restaurants regularly and enjoy meals with friends? ... Once you have an idea of the things you'd like to do it becomes easier to plan for the lifestyle you want in retirement.

21.01.2022 Money Tip: Watch your limits. If you're making contributions to your Super, remember the Government has set caps that limit the level of contributions you can make into Super for each financial year before more tax applies.

21.01.2022 Should I invest or pay off my mortgage ?

20.01.2022 CLIENT SPOTLIGHT - THEY WROTE A BOOK My favourite part of this job is the initial appointments where we're exploring their goals and dreams, trying to get them to think big and start planning for an awesome life. My client Bernice Sibberas recently achieved one of her dreams and published a novel, which is currently for sale on Amazon. You can check it out at the link below.... I've read the free sample and even though I'm probably not the target market, it left me no choice but to buy. Such a great cliffhanger at the end of the sample. Check it out if you're looking for your next read. https://www.amazon.com.au/Nothing-Same-Master//ref=sr_1_1

18.01.2022 Secret 3 - You know how your super is invested Knowing how your superannuation is invested is one of the most important aspects of planning a successful retirement. The quality and return of your investment will determine how much super you have at retirement and how long it will last during retirement. Its important to know how your superannuation is invested because:... It sets your return expectations The type of investment you have will determine the potential returns you get, good and bad. The more growth investments you have (eg. shares and property), the greater the potential return, but also the greater the risk. Less exposure to the share market will have less risk, but may not provide a big enough return. Bigger returns, less contributions To get more superannuation, you either have to contribute more, have capital growth, or earn interest, rent and dividends. The more contributions you make, the less returns youll need. The bigger the returns you make, the less youll have to contribute. The ups and downs Not everyone is comfortable taking risks, and seeing 30% of your superannuation disappear in a market crash could be stressful. Knowing how youre invested will give you a better idea of the potential ups and downs to expect prepared for.

17.01.2022 Invest With The End In Mind For many people the concept of choosing how they invest their money can be very complicated and confusing. But it's like anything in life. If you don't have experience with it, then how can you be expected to understand it. For me, I take a relatively simple approach with my own investing. So, for example, if I need the money soon to pay for something important, then I won't take any risks with that money. ... But take my superannuation, I can't touch it for 20 years, so I'm prepared to take the risks. I have it invested in the riskiest option available, and as a result, recently it took a massive loss 35 or 40%, but at the same time in the previous years, it was making 25%. So you take the ups with the downs. Over the long term, and over the 20 years till my retirement, it will have a chance to grow back. So I'm not too stressed about it. When you're investing, it's good to have a think about what am I investing the money for? What do I hope to use that money for in the future and then as a result, what risks am I willing to take in order to get that thing in the future?

17.01.2022 Its been great pleasure to work with Rajesh Ragupathy and Aparna Rajesh. What a beautiful family and thanks heaps for your feedback When we met at the start ...of year we had lots of questions and doubts around our personal finance. Today we are more confident that we have the right plan and strategy. I wish to thank you for being patient with me and also understanding that personal financial planning is not a transaction rather its journey. See more

17.01.2022 HELP!!!!!!!!! So, my shirts are telling me that I've added a little weight during this COVID lockdown. It turns out that sitting around doing nothing, and having constant access to the fridge and pantry might be bad. What are some things that you're doing to get some exercise these days that I could steal and adopt?... #valueofadvice

16.01.2022 Behind the Scenes - COVID-19 Struggles This isn't my normal desk. But the normal desk is in a shared space, and with 3 young children at home, quiet time when you're trying to have a Zoom meeting with a client is an unrealistic dream. So, this is my Zoom 'desk' for client meetings hidden away and closed off in a room.... Its times like this you miss the office. I think I still remember what it looks like. Hopefully its still there when we go back. #valueofadvice

16.01.2022 Why I started my own business I thought I'd share a quick video about why I decided to start my own business. When I was young, my dad quit a safe and well paying job because he no longer enjoyed it and was unhappy. At the time I was too young to realise this, so from my perspective, I didn't understand why he would give up all that money and place that financial pressure on himself and the family.... Skip forward about 30 years and I found myself in a very similar situation. I was married, had 3 kids, and was working a safe and well paying job at a large bank. I had a good amount of work life balance, could do stuff with the kids, so seemingly, things were going great. Yet I still was unhappy. Reflecting, I was beginning to feel that my contribution wasn't appreciated and that those in control were either unwilling or didn't have the ability to back my ability to grow. I was feeling underappreciated. So, I decided to take things into my own hands, and this began the 12 month process of setting up my own business. It as difficult and stressful for my wife and I as it meant giving up a lot of security. But at the same time it was some of the most fun I've had in my working life. Thanks to the amazing support of my wife, my friends, my clients and work colleagues, things are going great, I'm still happy and super excited about how the business is going and I can't wait to see what the future brings.

15.01.2022 Secret 4 - You know what income you need in retirement Have you done a budget to figure out what youre spending? Do you want the same lifestyle in retirement that you have now? Its critical to know how much income youll need, because otherwise, youll never know how much superannuation is enough. Knowing how much income you want in retirement will determine what you can do in retirement and whether you will:... Have enough to live No one wants to retire and be living day to day worried about if they will enough to pay the bills, keep a roof over their head and eat. Having a clear understanding of what it costs to maintain your day to day living habits will ensure youre not having to choose between dinner and having the heater on. Have enough to treat yourself You didnt work to retire and not be able to treat yourself. Maybe youd like to go out to dinner once a week? Maybe you want to upgrade your car occasionally? Maybe you want to renovate? Have enough for holidays Australia and the world has so much to offer and experience. We all need a break every now and then, and for many a trip away, whether in Australia or overseas experiencing another culture, is just what they need to reset and refresh.

14.01.2022 Risk comes from not knowing what youre doing. - Warren Buffet

13.01.2022 Looking for some inspiration today. I love a good book or podcast about someones life and how they ended up where they are. The struggles and successes along the way. One of my favourites is "Monash: The outsider who won the war." about John Monash. Lately I've been loving a pdocast called "The Howie Games" where you get to listen to 2 hour interviews with famous Australian sports people. I'd love some recommendations from you all.... #valueofadvice

11.01.2022 3 Reasons why you should book a free strategy session Here are 3 reasons you should book a free Strategy Session with us: You will get super clear about how you'd like your future to play out... We will uncover what might be stopping you from achieving it We will brainstorm potential strategy ideas to help get to where you want to be faster You might be thinking "hmmm its free are you just going to try and sell me something? It's free because I know by adding amazing value on these calls a portion of you will want to work with us. For the rest of you, hopefully you'll walk away with a much clearer understanding of where you're at, what you should be doing and be glad we talked" To book a free Strategy Session click on this link, https://bit.ly/Free45MinStrategy

11.01.2022 Appreciation day today. A big thanks to the team at JK Finance ( Tony, Luke, and Patricia in particular) for all the fantastic support they've provided Karthik and I, and our clients, over this past 11 months. Of particular note was the support in getting a couple bridging finance loans completed for a couple clients who were having trouble with their bank. ... Here's to many more years working together. #valueofadvice

10.01.2022 Was thinking about how i got here and how sometimes it takes a few attempts to find what makes you happy.

10.01.2022 Can I contribute to my superannuation if I downsize my home? A good question indeed. Let's have a look at downsizer contributions explained.

09.01.2022 To all the dad's out there "Happy Fathers Day!" I hope you're able to get in touch with your family and have a great day in difficult circumstances.

09.01.2022 I can't believe I'm saying this, but its been over 12 months since we started the business. Time has flown. We've certainly been busy and learned a heap of lessons along the way. I wanted to take this opportunity to say thankyou to all my family, friends and customers for all their awesome support over the last 12 months. Without your support, trust in me, and help over these last 12 months, there's no doubt it would have been a much bigger struggle. ... I'm really excited about how things are setup so far and looking forward to many many fantastic years ahead helping you all out. Thank you again and I'll chat to you all soon.

09.01.2022 Welcome to 2021! Happy new year everyone, we'd like to wish you all the best for a successful 2021!

08.01.2022 Wisdom oft times consists of knowing what to do next. - Herbert Hoover

08.01.2022 It's a common misconception that only people who have lots of money can have me as their financial adviser. The reason why my clients have me as their adv...iser is less about how much money they have and more about the common traits they all share: They have financial complexities they want to solve. They have desire and aspiration to do better in life. They want to live life with more certainty and clarity. They want a specialist to be their financial mentor and guide. They want to make the most out of their given financial situation.

07.01.2022 Budgeting Tip 1: Don't give up your coffee Most of us would have tried to make a budget before, and many of us would have failed to stick to it. We've finally got something that works, but it took a lot of failed attempts to get there.... People often start by cutting back on discretionary things like coffees, buying lunch or going out for dinner. I've come to realise from personal experience that you probably need to build some of these things into your budget. Otherwise, you'll hate the strict budget you set for yourself and never stick to it. If every week you know you've got $50 or $100 to spend on whatever you like, it gives you a little freedom to spoil yourself and makes it more likely you'll stick to the rest of the budget. #valueofadvice

06.01.2022 Positive mindset: WHEN we get out of lockdown again, where's the first place you go? For me, I'd love a catchup with some family. Maybe BBQ and some baseball.

06.01.2022 Is what you're doing now what you always wanted to do growing up? Did you find something better? If not, is there anything you can do about it now?... I went through quite a few ideas of what i wanted to be: - Architect - Engineer - Officer in the defence force - anything at NASA I never thought about financial advisor, but glad I ended up there. How about you?

05.01.2022 I hated budgets This might seem crazy to people, but up until recently, I really hated budgets, and I didn't really understand the purpose of the them or really believe that they could work. But recently, when starting my own business, I realised that it's not so much about the budget. It's about the end goal and the reasons and the why you're doing it.... So for me, for example, my finances were pretty messed up prior to about two or three years ago because I didn't really have the motivation to improve anything. But when I contemplated the idea of leaving a good well paying job and knew that being better with my finances was going to be more important if I was going to give time for the business to work and grow, it gave me the motivation to go out there and do something to make it work. Since then, we've been able to save a heap of money. We're not living week to week, and we've got plans for a holiday, maybe change of home or kids education in the future. So, if you're finding it hard to save, and you're not sure where all your money's going, maybe you've actually got to sit down and think about what you want from your future, and think about what's important to you, and what's going to give you the motivation to take that next step and sort out your finances. Hope this helps.

05.01.2022 Economic Support Payment The second round of Economic Support Payments have been going out over the past week or two. If you're on one of these payments or have one of these concession cards, then there's a good chance you should be receiving $750. Age Pension... Bereavement Allowance Carer Allowance Carer Payment Commonwealth Seniors Health Card Disability Support Pension Double Orphan Pension Family Tax Benefit A Family Tax Benefit B Pensioner Concession Card For more info, you can check out https://www.servicesaustralia.gov.au//economic-support-pay.

05.01.2022 Happy New Year everyone! We'd have to think that 2021 is going to look very different than 2020. All the best for 2021, we can't wait to see what the new year will bring.

03.01.2022 Ive been talking about retiring for years. Its my standard answer to the question What are your future plans? The truth is, Ill always want to do things that are worthwhile or fun. Dick Van Dyke

03.01.2022 COMMON MISCONCEPTION: It's too late for me Whilst its certainly better to start sooner, its never too late. I love this Chinese proverb, because I think it captures the sentiment perfectly.... "The best time to plant a tree was 20 years ago. The second best time is now." You can't change the past. You can only learn from it. So don't get down about it, or let it stop you taking action and moving forward with your life.

03.01.2022 Over the coming weeks, I'll be going through what I consider are the 5 Secret to a Successful Retirement. Secret 1 - Have a plan Its hard to know if youre on track for a successful retirement if you havent even chosen the date youd like to retire, thought about what youd like to do in retirement, or have a plan on how to achieve it.... Having a plan will give you the confidence and peace of mind to make that tough decision to retire and ensure that its successful. Its important to have a plan for your retirement because: Confidence Many people are fearful of retiring too early because they fear that they mightnt have enough superannuation and if they get it wrong, it will be difficult to find work again. With a plan, youll be able to make the decision to retire with confidence. Peace of Mind Spending your retirement worried about whether you made the right choice isnt going to be great for your happiness and mental state. Having a plan will give you the freedom and peace of mind to live your life and not worry. Clarity How will you know whether you can book that holiday, or go out for dinner, or help out your children? Having a plan will give you clarity about what you can and cant do in your retirement.

02.01.2022 "Hope is not a financial plan." Ric Edelman