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The Hidden Cost of Skipping Your Annual Review: Why It Slows Your Future Prosperity

Written by: Chris Mulcahy


Unlock the full potential of your finances with an Annual Review


Many people assume that if things are “fine,” they don’t need an Annual Review.

But the FP Process is built on the understanding that your world never stands still.


Skipping your Annual Review can quietly derail your long-term plans.


How it impacts each of the 3P’s:


  • PRESERVE

    • Your financial foundations may shift without you realising.

    • Small cracks can turn into big problems — and missed opportunities.


  • PROTECT

    • Structures can become outdated, tax opportunities can be missed, and risks can grow quietly in the background.


  • PROSPER

    • Without recalibration, your long-term goals drift further away.

    • Succession timelines blow out.

    • Growth opportunities pass you by.

    • The big picture gets lost in daily pressures.


Annual Review
A neatly organised desk with financial documents, graphs, a laptop, and a calculator, symbolising careful review and planning to secure long-term prosperity.

The FP Process relies on annual reflection and recalibration.


Your future wealth, lifestyle and legacy depend on:


  • staying aligned,

  • staying informed,

  • and staying intentional.


Your Annual Review ensures your pathway to Future Prosperity remains clear and achievable, no matter what changes around you. Keep a look out for your invite in January.


Disclaimer   

This article does not constitute financial advice and is for general information only. It does not take into account any individual’s personal objectives, situation or needs, and is not intended as professional advice. Any similarity to an individual’s personal circumstances and the examples provided in this article is purely coincidental. Any person acting upon such information without receiving specific advice, does so entirely at their own risk.   

Authorisation under an Australian Financial Services Licence (AFSL) is not required in the provision of this article and the author plus Future Accounting Group Pty Ltd is not acting in its capacity as an Australian Financial Services Licence holder  

Liability limited by a scheme approved under professional standards legislation. 


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