How Does Your Wealth Compare To The Average Australian?

Yves SchoofFinance

(Image source www.news.com.au – read the full article HERE)

I thought you might find this information interesting, as most people like to get an idea of how their wealth compares to other people.

The Australian Bureau of Statistics released its Survey of Income and Housing 2017/18 recently, and it gives people a snapshot of the assets and debts of Australians.

I have depicted the average wealth position of the wealthiest population quintile.

It is interesting to note that doctors and dentists indeed have a lot of wealth stored in their primary residence and other (investment properties).

Super balances also typically tend to be higher than the average Australian, although some medical and dental professionals in Private Practice may not be actively contributing to superannuation.

Yet, it is interesting to note that most doctors and dentists do not consider themselves to be wealthy, and indeed experience quite high levels of financial stress.

This is usually brought upon by high levels of taxation, significant mortgages, private school fees and an expensive lifestyle.

What our clients really strive for is to reduce their stress levels and develop a personalised plan to achieve a better and more secure financial future. Indeed, our clients aim for financial independence in their early to mid-50’s so they can make more deliberate lifestyle choices at that time.

If that is something you would also like to actively work towards, then contact me today for your private consultation.

I am available at Yves@affluenceprivate.com.au or 0432 885 295.

I would be happy to help.

Yves Schoof
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Yves Schoof

Author | Specialist Adviser for Medical Specialists and Surgeons at Affluence Private Wealth
I specialise in managing and coordinating the financial affairs of medical professionals and have been recognised as one of the best financial planners in Australia. I am a Certified Financial Planner and member of the Financial Planning Association of Australia.

As I understand your time is extremely valuable and scarce, I am able to offer flexible meetings times, including outside business hours and during the weekend. I can even come and meet you somewhere convenient, or talk via videoconference on Skype.

My first consultation is free. I allocate up to 90 minutes to discuss your personal circumstances and to establish how I may best assist you. Where you already have an existing adviser, I would be happy to offer a second opinion. I always quote a fixed dollar fee before we start working together.

Please contact me on yves@affluenceprivate.com.au or call me direct on 0432 885 295. You can follow me on Twitter @YvesSchoof or connect with me on LinkedIn to receive new articles.

DISCLAIMER
Yves Schoof and Affluence Private Wealth are Authorised Representatives of Synchron, AFS Licence No. 243313. 

The information posted is intended to be general in nature and is not personal financial product advice. It does not take into account your objectives, financial situation or needs.
Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant product disclosure statement (PDS) or other offer document prior to making a decision.
Yves Schoof
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