RETIREMENT READY BOOTCAMP SERVICE AGREEMENT

Independent Financial Advice and Education Pty Ltd trading as Naked Wealth

BootCamp Service Agreement

Australian Financial Services License 520963 ABN 50 636 944 333

 

Date prepared: 10 January 2023

Version 1.0

 

SERVICE AGREEMENT – 10 WEEK RETIREMENT READY BOOTCAMP 

LET’S WORK TOGETHER SO YOU BECOME RETIREMENT READY AND CAN ONE DAY MAKE WORK OPTIONAL

 

Ok, so if we had a choice the following would be short and sweet, but this is finance, and finance has a lot of “stuff” we legally have to cover off. Having said that, it is actually very important that you do take the time to understand what we offer (and what we don’t) as well as your duties and responsibilities so we can best help you.

Our commitment to you

We want to be clear that our absolute focus is to help you plan for retirement and make smarter financial decisions. We strongly believe this will enable you and your family to live a better life. That’s why we do what we do.

Naked Wealth has three core principles guiding the provision of our financial fitness training;

  1. Financial fitness training should be independent.
  2. Even the best financial fitness training is worthless unless it is implemented to achieve outcomes.
  3. The best outcomes are achieved from a relationship with a trusted financial trainer.

When you engage us as your financial trainer, the relationship we have with you is based on these three principles.

Following your interest in participating in our 10-week financial BootCamp, this service agreement outlines both the financial fitness training we will provide, as well as our expectations of you, and the associated once-off cost for the Bootcamp (which also grants you lifetime access to the Naked Wealth Gym).

Independent Financial Advice & Education Pty Ltd (trading as Naked Wealth) will provide the 10-week BootCamp services you are interested in. By signing up to this agreement, you agree to abide by the terms and conditions outlined within this agreement.

A financial services guide setting out the services we offer, our fees and the complaint process is attached below. You can request another copy by contacting us or go to our website where a copy is available.

Independent Financial Advice & Education Pty Ltd holds Australian Financial Services License 520963. The registered address is 65 Sale Street, Orange NSW 2800.

 

HERE’S WHAT’S INCLUDED IN YOUR 10 WEEK BOOTCAMP

General:

  • All small group presentations and sessions during the Bootcamp will be delivered by Daniel McGregor &/or David Harper (Naked Wealth founders). Dan and Dave are highly qualified and experienced independent financial planners whose sole focus is to see you succeed financially.
  • In addition to webinars, you will be required to engage with Naked Wealth’s online Wages to Wealth program as well as the Money Plan
  • The Wages to Wealth program and Money Plan provide concrete Action steps including financial product recommendations for superannuation, investing and banking. These steps and recommendations, along with Dan and Dave’s coaching and guidance, is what enables you to progress and achieve outcomes, helping you plan and be retirement ready.
  • The Bootcamp runs for 10 weeks, and given we are catering to a small group (several members) it is often not possible to change the timing of group sessions. Having said that, we always do our best to work to member needs as best we can and will reschedule one-on-one sessions wherever possible. Group webinars are usually recorded and we can organise for you to watch the recording if you miss the session. Our webinar content and coaching is also available to all members via the Wages to Wealth program

What you get:

  • 45-minute live webinar every Monday at 8:00PM AEDT – each session will comprise financial advice, strategy and education, clear and simple action steps for you to take, followed by Q+A. Each week’s webinar will be targeting a specific retirement planning step and culminate with what you need to do to get the outcome.
  • Unlimited access to Naked Wealth’s online Wages to Wealth program and resources
  • Email support is provided throughout the 10 weeks to ensure you continue to progress – this will be in response to any questions you have, as well as us doing our best to motivate each of you. Additionally, we will be sure to keep you accountable to your future-self
  • Around week 6 of the Bootcamp, the weekly webinar session will be focused on ensuring all members are progressing, ticking off their needed action steps etc. If we identify at this time any members needing additional support, we will do our best to reach out to those members and support their needs
  • One-on-One phone or video consult (30 mins) with Dan or Dave at or near the culmination of the Bootcamp. We will discuss your progress, any areas of your retirement planning still outstanding, where to after the Bootcamp, and what your lifetime membership to Naked Wealth’s Financial Gym can offer you to ensure you stay on track for retirement!

 

OUTCOMES WE HOPE YOU’VE ACHIEVED BY COMPLETION OF THE BOOTCAMP

  1. You will have documented your financial wealth position in your Money Plan
  2. Having undertaken the wealth planning and forecast session, you will know how you’re tracking towards retirement and have entered your "retirement number" to your Money Plan
  3. Because you now know your financial position and how you’re tracking, you have been able to confidently set financial and lifestyle objectives in line with your specified time periods
  4. You will have created a Conscious Spending Plan and are building (or have built) a Rainy Day fund (on autopilot)
  5. You will know how to make the most of the income you generate and use strategies to increase your cashflow surplus by cutting financial costs and planning for pay rises
  6. You will be managing, or working towards setting up appropriate life insurances and estate planning documents to ensure you (and your family) are adequately protected if the unforeseen were to ever happen
  7. You will understand how debt works, how to pay it off faster, prioritise the right debt, and take control using our simple strategies (instead of being controlled)
  8. You will have sorted your super, having selected the appropriate fund, investment mix, you understand salary sacrifice, compounding interest and how much super you need to address your future income needs in retirement
  9. You will have started investing like the best! Perhaps you’re also ready to commence investing on behalf of your children. These investments form part of your broader wealth strategy and align with your super and debt situation, with a game plan focused on your retirement
  10. You will have a clear retirement game plan – this will be in the form of a financial house with strong foundations, you will be more organised, have more clarity and confidence as to your situation and the strategies you need to adopt to ensure your retirement objectives are met.
    And let’s not forget lifetime membership to a financial gym that will support you going forward to stay on track

 

NOTE: Whilst we make every effort to help ensure you achieve a clear retirement game plan by the completion of the 10-week Bootcamp, it is reasonable to expect some areas of your finances to be a work in progress. Your personal circumstances and available time will dictate when things are completed. Our resources will still be available and your trainers can be engaged to continue helping beyond the 10 weeks based on the consult chosen (and payment of the fee for such). Please refer to our ON DEMAND services for more details.

 

Your investment – helping us to help you! 

The cost for each member to undertake our 10-week RETIREMENT READY Bootcamp is $990 (inc. GST).

Reservation Fee

The initial fee payable by you is to reserve your spot in the Bootcamp. Note: This fee forms part of your initial investment and will be deducted from your total fee (as below).

So we can reserve your spot, you will be asked to pay the reservation fee upon booking the Bootcamp.

Reservation fee:

Remaining payment:

Total fee (inc GST):

$90

$900

$990

The remaining fee will be charged over 3 monthly instalments ($300 each) with the first payment being charged at or around the time the Bootcamp commences. The final payment will be debited around week 8 of the Bootcamp.

How We Do Business at Naked Wealth

 

For starters, we are 100% independent!

 

We do not deal in investment or other financial products and we do not receive any commissions, or payments of any kind for any of our recommendations. We are completely independent meaning we do not have any arrangements with any financial institutions or product providers and we do not accept any advertising or speaking fees.

 

We produce independent advice and education to guide you on money matters.

Disclaimer

THIS IS IMPORTANT FOR YOU TO UNDERSTAND!

 

Information and financial advice provided by Naked Wealth and its financial fitness trainers is general in nature and should not be considered specific personal financial advice. Whilst we work with members to offer coaching, advice and education, any recommendations provided do not take into account your specific financial details or objectives. Our advice and strategy is general in nature, and is often for educational purposes only and cannot be relied upon for your specific circumstances.

 

Remember, the value of any investment can go down as well as up. Before deciding to make investments or acquire or dispose of financial products, you should consider seeking independent financial advice that is tailored to your specific needs. This is important to highlight, as any financial products discussed or recommended by our trainers, or from within our program, are done so without any knowledge of your specific needs or objectives.

 

YOUR OBLIGATIONS

You must make every attempt to properly engage in the BootCamp and undertake the requested learnings and subsequent action steps recommended by Naked Wealth or its trainers/coaches.

If your circumstances change during the 10 weeks meaning that you are unable to make a reasonable attempt to engage with the BootCamp, please notify us as soon as possible. We make no guarantees but will do our best to work with you to ensure your needs and expectations are met.

You acknowledge that:

  • we have not represented to you that we are providing you with specific personal financial advice, nor are we offering legal, tax or accounting advice; and
  • you must retain separate personal financial advice, legal, tax or accounting advice as needed by you regarding your specific financial affairs.

 

Confidentiality

Except where required by law, we will not disclose any information you provide us to any non-related business, person or entity without your prior consent.

Consent to record

You consent to us making audio and/or video recordings of all contact with you if and where required for legal compliance. We may also record group webinar sessions for the benefit of sharing with members who were unable to participate in the live session.

We will never use any recordings or member details for marketing purposes.

 

Next Steps

You’re now ready to progress by ticking the little box which acknowledges you accept our Service Agreement as well as the terms and privacy policy.

You’ll then be asked to pay the reservation fee and you’re all ready to go!

We look forward to helping you become financially fit and make smarter money decisions!