Understanding of Your Finance for Your Retirement

Who cares about your health?

Your Doctor.

Who repairs your piping?

Your Plumber.

Who takes care of your teeth?

Your Dentist.

Qualification, knowledge, and experience are the main attributes of a good professional, the person who contributes to his understanding of a certain subject. If when it comes to a concern with your physical health you do not think twice before resorting to a specialist for a consultation on something that you cannot handle alone, why should it be different when it is about your financial health?

Understanding of your finances and potentialities for a better life is key.Glimpsing the goal, drawing a plan, taking steps and comparing options are fundamental compounds for the perfect strategy. If life is one, why not enjoy it in the best possible way?

The trend shows that people are increasingly focused on ensuring comfort and well-being at a certain point in life, after all, everyone dreams of relaxing and being able to enjoy the fruits of dedication and commitment. But keep in mind ideal retirement plan is not that simple.

"I don’t have all this money". That is the common approach from regular savers; "normal" people that don’t own private jets or drive only supercars. First of all, it is crucial to be aware that any amount can be worked out when there is a plan. And therein lies the fundamental point: the planning. Only a qualified professional can establish a solid financial planning, understanding the scope of their possibilities and analyzing the scenario according to the established goals, be they short or long term.

"The most common obstacles in the way of a successful plan are the lack of knowledge and the old belief that there is still a lot of time ahead," analyzes Natasha Rocha, a tax lawyer specializing in consulting for Brazilians living abroad.

The issue of lack of knowledge still unfolds in two more: lack of access to valuable information such as investing their savings in an effective plan rather than leaving money in the bank, and another very common hypothesis, the one where there is not the first step by not knowing how much the service will cost.

Finding that financial advice is an expensive service is the first sign of which there is still much to learn about finance. The interest of every (good) consultant is to choose the most profitable solutions because if you win, he wins. Natasha Rocha points out that at least one in three people believes that to seek financial counseling is necessary to have a lot of available capital, which is a totally wrong view. "No one believes that he will find me and leave without having to pay me for the conversation," jokes the consultant who makes money helping his clients to make money.

Brazilian-born Natasha Maggessi Rocha is a Financial Advisor with extensive experience in international finance and tax; based in Dubai and targets Brazilian expats living abroad.