Financial Planning for a Doctor and a Speech Pathologist in Melbourne

Part 2
TRANCRIPT
Advisor: Welcome Julia and Johhny. You are from Melbourne?
Johhny: Yes we do
Advisor: How do you find life over there?
Julia: Good, we enjoy.
Advisor: Are you originally the residents of that city?
Julia: Johhny was but I moved in from Auckland.
Advisor: I have longed to visit your city and I would love to come soon. If I came
visiting what would you recommend that I see?
Johhny: There are lots of interesting places to visit like Queen Victoria Market,
Federation Square and Puffing Billy Railway.
Julia: Royal Botanic Gardens Victoria is a nice place also to visit. We would be glad
to see you in our city.
Advisor: Thanks Julia and Johhny for having come to meet with me. You have
indicated that you have interest in meeting a financial advisor. Well you’ve done
well to come here, this is the right place. I assist my clients like you to achieve their
financial goals through prudent management of investments and good financial
planning. The financial situation of my clients improves drastically after co-working
with me. I believe I am able to do the same for you.
During this meeting I will cover your needs and let you know what I offer and see
whether we shall be able to work together.
I will touch on some important issues in this meeting so I encourage you to take
notes if you don’t mind.
I hope you wouldn’t mind also if I asked you a few questions for me to know you
better.
Johhny: Please go ahead
Juia: I love answering questions
Advisor: Please tell me a little more about yourselves.

Johhny: Well, you already know my name. I am a doctor by profession and I am
working as a general practitioner. With me is my wife Julia who is a speech
pathologist. We have lived in Melbourne city for over ten years now. My wife and I
were born and brought up by strict evangelical teetotaler parents. So, I can proudly
say we inherited some good discipline, including being teetotalers too like our
parents.
Advisor: That is great. It looks like you will be a perfect team for me to work with.
Julia: Yea, we shall co-operate with you. We need your assistance.
Advisor: You have shown interest in improving the state of your standing
financially; I wonder what has motivated you to think that way.
Johhny: We have reasonably good income and each month we have a surplus after
meeting our obligations. We are not sure where to invest this surplus.
Julia: And we are still young and we have set goals which we must achieve in a few
years to come by investing now.
Advisor: It is apparent that you would like lay a good financial foundation for your
future. Is that right?
Julia: Correct
Advisor: What are some of the financial dreams that you have?
Johhny: We have short, medium and long term plans for ourselves and family. We
need to clear all our debts, buy a new home and family car, have a long term plans
to send our children to private secondary schools. It is our dream to invest in high
yielding schemes with quick returns because we intend to buy our new home
without entering into mortgage schemes. I wonder if that one is a far-fetched
dream! We value education of our kids very much and we would also like to start
saving early to enable us to send them to private secondary schools where we hope
they will get good education to enable them to join top class universities.
Julia: I would prefer our kids to study in private secondary schools, they are very
expensive, but that is why we are here to get your advice. One of our hobbies is
travelling. At the moment we do not travel much because of the condition of our
car. We need a new family car to enable us make whistle-stop interstate
exploits .We are also aspiring to travel overseas for at least ten weeks at one time
in the future.
Advisor: Those are good dreams. Out of curiosity, how is your financial situation at
the moment?
Johhny: As I mentioned earlier we have some surplus at the end of every month.