How A Few Simple Financial Decisions Can Change Your Life

Yves SchoofBusiness

Think about it, many decisions in our life have the potential to be ‘sliding doors’ moments, that can alter the entire direction of our life.

From a financial point of view, there are also such moments, and the choices you make will ultimately determine your financial future.

Let’s have a look at some of the key ones:


  • Buying a family home

Without a doubt, this is one of those decisions that will drive your financial future.

The size of your mortgage, how long it takes you to repay it, will impact the amount of wealth you accumulate for retirement.

It will also affect how much you need to work, your stress levels, the time you are able to spend with family, go on holidays…the quality of your life.


  • Borrowing for/Spending heavily on lifestyle

You might like a new car every couple of years and take out a lease or a loan. You may want all the latest toys, the nicest jewellery.

These are all micro-decisions that add up over time, and it creates a spending pattern/behaviour that is not easy to break.

The key here is to look at what you really value and what really matters, and then adjust your spending accordingly.


  • Taking ownership of your finances

You can put your head in the sand and live from paycheck to paycheck or take an active interest in your finances.

This doesn’t mean that you need make it your full-time hobby, because you can engage a financial adviser to assist you with this, BUT you do need to become engaged in the financial planning process, you do need to educate yourself and hold yourself accountable.

No one else is going to do it for you, so you might as well get started sooner rather than later. Time is your friend when it comes to securing your financial future.


If you need any assistance or want to organise a private obligation-free consultation, please reach out to me on 0432 885 295 or

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 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.

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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