Perspective is something we gain, usually from our experience and circumstances, and value is something we need to see in order to act/purchase/buy-in.
I was left pondering this recently after working with clients based in Texas, USA. During the data collection phase, we learned that healthcare costs for the family (two adults and one child) where a whopping $1,200 USD per month or $14,400 USD per year. Speaking further to these clients about this, a broken wrist claim still left them $3,000 USD out of pocket on top of usual premiums and savings required to fund time away from work.
Private health in Australia is something we have a luxury to consider whether we see the value in purchasing or not and sometimes the Government will even chip in for basics while we’re unable to work. This family expense, however, is a non-negotiable and is considered a bare necessity along with food and housing and a healthy emergency fund to fall back on.
As each of our perspectives is unique based on our own situation and life experiences, it is critical we understand what you value most to develop an honest set of goals that get you excited or provide clarity about the future. While some solutions are available online as a self-researched DIY option, tailored financial advice is where the real value sits to provide a professional sounding board and pathway to the life you want to live.