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I recently posted an article online about a couple of my clients earning more than $400k, finding that while life felt comfortable, they didn’t feel like they were getting ahead.
The feedback I received was that it’s easy to help these people reorganise their finances and benefit from good financial planning to start moving forward. But for other Australian families, perhaps earning between $150,000 and $200,000 per annum, can you help them too — or is financial planning just for the rich and high salaried?
In my opinion, this is still a healthy income. Bills are covered, holidays happen, and savings are growing slowly.
But questions start to creep in:
“Why aren’t we saving more?”
“Are we actually building wealth or just maintaining our lifestyle?”
“How do we make sure we’re securing our future without sacrificing today?”
At this income level, you’re in a strong position. But without structure and a clear plan, it’s easy to stall progress.
Lifestyle creep, unstructured debt repayments, and missed investment opportunities can quietly limit long-term wealth creation.
While people believe financial advice is only for high-income earners or those already wealthy the reality is, households earning $150K to $200K often benefit the most from getting advice early — when small decisions have the biggest long-term impact.
It’s not what you make, it’s what you keep
Yes, earning a good income helps. But as the saying goes,
“It’s not what you make, it’s what you keep that matters.”
Increasing income without a plan often leads to more spending, not more security.
The key is creating consistent surplus cashflow and knowing how to optimise every dollar to:
- Enjoy life today
- Pay down debt strategically
- Build systemised investments
- Protect your family
- Move forward with confidence
This is where financial planning turns hard work into lasting results.
How financial advice help those earning between $150-$200k
Good financial advice is more than investment tips. It’s about building a clear, structured path toward long-term security, without sacrificing the lifestyle you value now.
Here’s how advice helps families take control:
- Organisation – Bringing structure to your finances from managing cashflow and debt to investments, insurance, tax, and estate planning. When everything is aligned, progress becomes intentional.
- Objectivity- A trusted adviser removes emotional decision-making and provides clear, unbiased guidance when it matters most.
- Proactivity – Planning ahead for life events like growing a family, career shifts, or buying property so you’re prepared, not reactive.
- Education – Empowering you to understand your financial options and make informed decisions with confidence.
- Accountability – Keeping you focused on your goals and ensuring you follow through on strategies that drive real outcomes.
- Partnership – Working with you to align your finances to your values, lifestyle, and long-term goals with full transparency.
Why starting early matters
Time is one of the most powerful tools for families earning $150K to $200K.
With the right structure in place, you can:
- Pay off your home sooner
- Build wealth through consistent investing
- Protect what matters most
- Reduce financial stress
- Know that you’re on track to achieve financial freedom
It’s not about just cutting back or living with restrictions. It’s about making sure your income works smarter, creating both security and flexibility for the future.
Financial advice isn’t reserved for the wealthy, it’s how many people become wealthy.
If you’re earning $150K to $200K and feel like you’re doing well but not really moving forward, it’s time to get clarity.
With the right advice, you can turn a good income into long-term security, freedom, and confidence — all while enjoying life today.
Visit John at Thriving Wealth or Find a Planner near you!
The Money & Life website is operated by the Financial Advice Association (FAAA). The views expressed in this article are those of the author and not those of the FAAA. The FAAA does not endorse or otherwise assume responsibility for any financial product advice which may be contained in the article. Nor does it endorse or assume responsibility for the information.
