Financial Planning For Tradies
Tailored Advice
for Tradies
Securing Your Financial Future
Financial Planning for Tradies is nuanced because cashflow is usually lumpy. The majority of our clients who work in a Trade run their own business. To provide advice that our clients see value in, we create a personal financial plan for your family whilst also considering the financial potential of your business.
We help families financial plans by looking over all aspects of their finances, to see where we can minimise tax and debt, so the savings can be redirected towards wealth creation strategies. Ensuring your assets are valuable in the long-term, including your family home, your shares, and your investment properties is our objective.
What Our Tradie Clients Want
Understanding our client’s values shows the Yield team what is most important to them. Our clients who work in a trade are most likely to value security and their health and wellbeing.
Working in a Trade can be a difficult and dangerous industry. To manage the risks, we have a variety of financial strategies to ease the concerns of our clients. This can be:
- Insurance cover to ensure your family still has an income, even if
you are unable to work. - Growing investments to retire securely, even if your body is telling you to retire earlier than you thought.
- Investing considerate of what type of investor you are (conservative, moderate, only invests in property).
Business Planning With a
Personal Focus
- Structures Make your business structures work with your personal
- Invest Don’t let your money sit ideal. Get it working for you.
- Insure Your health is your greatest asset. Protect it
- SMSF Own business property in your super. A great Tradie strategy
- Bucket Company Save tax and grow money for when you retire
- Succession Plan to maximise sale value of your business.
- Legacy Plan the way you want to pass your wealth on.
71% of our clients who work in a Trade own their own business. Partner with a team who understands your industry and your goals.
What Is A Bucket Company?
Learn how this business structure can be used to minimise your tax and improve your businesses profitability.
Fears of the Financial Markets
Investing the money, you have worked hard for into property or shares can be difficult to stomach. It may feel like you are leaving your earnings up to chance, and decisions made by others can have implications on your investment portfolio.
However, if you want to grow your money, you need to invest. We aim to explain any questions you may have about how your money is invested, so you are clear and confident in your investment structure.
Insufficient Funds
Our financial projections and analysis will show you if you are ever in danger of having insufficient funds now or when you are in retirement. Proper insurance will also help you ensure you have sufficient funds, even if you are unable to work.
Bad Investment Performance
There is no advisor who can guarantee you where your investments will be in the future. We will invest considerate of your appetite for risk and with a diversified structure to work towards the greatest level of protection possible.
Debt Levels.
Interest rate changes will always need to be considered through your financial plan. What level of debt can you manage, and what is too much for your financial plan is an important question we will work to answer. We will help you optimise your debt structure also to keep your net costs lower.
Share Market Performance
It is a tough lesson to learn, but your investments on the share market are always susceptible to a bad day. We will explain the cycle of the markets to you and help you position your investments so they are meeting your objectives in the short, medium and long term.
Get In Touch
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Free Consultation
Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.
