At Salt Financial Group we begin our discussions with defining your personal and financial goals to ensure that they are specific, measurable and time bound. Our process from there is to work with you to help you achieve these goals using a mixture of strategies and products.

Being ‘financially free’ is a common starting point for a person’s financial goals but as the below article shows, what this actually means when we dig deeper depends on a person’s age, gender and state of residence on top of dozens of factors based on personal situations. 

We find that one of our most important services is to tie your goals into a cash flow and asset projection model, illustrating how you will likely to be able to achieve these goals over time.

The goals captured in the modelling will range from a short-term goal such as saving for a first home to the longer-term goal such as adequate superannuation to support your retirement lifestyle.

Our modelling is often tied into the electronic budgeting assistance we provide where we see keeping track of your outgoings as a vital part of adhering to the model projections.

This is a low-cost stand-alone Salt Financial Group offering and is often completely separate to the ongoing management of financial assets and so is available to everyone with goals in life.

If you are not already taking advantage of these services, get started today.

Quoted Article Soucre: NAB News & Chris Kohler Domain.com.au


Take a minute and ask yourself: what amount of money would take every ounce of financial burden off my shoulders? Then scale it back to something realistic.

The average Australian says $830,000 is the magic amount that would solve their money problems and provide financial freedom, according to a new NAB survey.

But the result fluctuates wildly depending on where the respondent lives, their salary, age and gender, and little consensus existing on the best way to spend the money.

“Many Australians dream of a major financial windfall to change their lives – but it turns out we don’t need a mega-million dollar jackpot to feel financially free,” NAB chief economist Alan Oster said

(Source: NAB Financial Freedom Survey 2018)

(Source: NAB Financial Freedom Survey 2018)


“For some, being ‘financially free’ means being able to pay off all their debts, for others, it could be no longer having to earn a salary, or it might just be not being stressed about money.”

Those living in capital cities said they’d need $950,000 to be “financially free” – typically meaning they could pay off their debts, save, and help their family – while those living in regional centres responded with $615,000.

NSW residents would need a cool $1 million, while South Australians took over as the state needing the second-biggest cash boost at $809,000.

Victoria was the only state to see a drop in how much its residents need to feel financially free, now sitting at $788,000, down from $864,000 last year, while Tasmanians needed the least to jump for joy at $337,000.

(Source: NAB Financial Freedom Survey 2018)

(Source: NAB Financial Freedom Survey 2018)


Australia’s highest income earners said they need almost $1 million to feel free, despite their hefty income, while those in the second-highest income bracket weren’t far behind, with those earning between $75,000 and $100,000 marking $963,000 as their perfect amount.

A chasm appeared between the genders, particularly between younger men and women, with men aged 18-29 saying they’d need $984,000 to feel financially free, up 28 per cent from last year, while women of the same age said they’d need just $474,000, down almost 11 per cent from last year.

When asked how they would use the lump sum if it turned up in their account tomorrow, around a third said they’d pay off their debts, with that figure higher among women, particularly those ages between 30 and 49.

A higher percentage of women than men also said they’d use the funds to help their family, and keep it for emergencies, while men were keener to invest.

Only one in 25 people said they would work less or retire if they were given their “magic figure”.

“Very few Australians, in fact just 1 per cent, would spend it on luxury personal items,” Mr Oster said.



Click here to download the NAB Financial Freedom Survey (2018)