While there are some great opportunities in the mining industry, many of them involve travel or family relocations…
For those needing to make the sacrifice of spending time away from family it is imperative you make the most of the income opportunity.
The mining industry and financial advice
The resource industry has a history of cycles and the current reduction in resource prices has seen many roles lost. The tide will turn and existing demand still sees many sustainable positions. The old adage of ‘making hay while the sun shines’ is very appropriate for members of this industry and saving excess income rather than buying the latest ‘toy’ (not that there is anything wrong with that) can make the transition back to a more normal domestic environment much easier and earlier.
We have seen many of our clients in the trades making the trip West and North, and having a strategy and timeline in place before you take the leap can generate fantastic results for your household.
Paying down non-tax deductible debt and creating wealth through property and shares is the key to sustaining the lifestyle you become accustomed to with a higher income. When the income opportunity reduces or the isolation is causing stress on your family, you want the assets you have invested in creating income to supplement the incomes paid in cosmopolitan areas.
Our ‘Passport to Prosperity’ program is designed with this industry in mind, and if you want to make the most of the opportunity during your mining employment we know you will benefit from talking to one of our expert advisers.
Your financial adviser
Your adviser will be degree qualified with subsequent qualifications in the advice industry. They will have a minimum of six years’ financial services experience and they will be supported by a well credentialed and trained team.
Additionally, RFS Advice has invested heavily in its technology to ensure excellent internet and Skype support so we can regularly conduct reviews, even for the geographically challenged.
RFS also works with a number of insurers that specialise in the mining sector. This is relatively dynamic as insurers enter and leave the market, and a review of your existing arrangements could see a substantial reduction in costs.
Your first step is a simple one…
Don’t waste some of the best income years of your lives. We are experts in our field and our award winning business can help you build the future you want for you and your family.
