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Financial Planner Recommends Miners Use Income Now for Financial Freedom Later


QUEENSLAND, Australia April, 2012 – Mining in Australia is a highly cyclical industry, but is experiencing an upward, long-term trend*. Rapid economic growth in developing metals and energy intensive economies such as China and India continues to drive strong demand for Australian resources, despite the prospect of weaker economic growth in Europe and the United States*. Over the next five years, the minerals cycle will continue to exhibit high volatility, with far-reaching consequences for owner and contract miners regarding mining investment, operations and mine maintenance*.

Holly Grofski, CEO of Usher Wealth, warns this volatility could affect the security of mining jobs and urges miners and engineers working in the resource industry to take control of their long-term wealth creation now, before it’s too late.

Holly Grofski is uniquely positioned to comment on wealth creation for miners as she herself has worked in the mines and used the high income to eradicate her extensive debt and invest in property to the tune of $700,000 in less than 12 months.

“I had an $80,000 debt which was the reason I left city life and headed into the mining industry in the first place,” admits Holly. “I spent my time driving trucks which was the complete opposite to my previous life. Like most people I needed money and needed it fast if I was to survive and achieve my lifelong dreams and goals. After 9 months working in the mines I paid off my $80,000 debt and also contributed $60,000 to my share portfolio.”

Working in the mines gave this Queensland-bred girl a new lease on life emotionally and financially. Holly attributes her success to a lifetime of being interested in business and using clever financial management strategies. Never one to do things the way everyone else does, Holly now educates her financial planning clients so that one day they can make their own financial decisions.

“Working in the mines can be a difficult and demanding. You are away from family and friends, usually in the middle of nowhere, you have tough rosters and long hours of would want his hard work to pay off and ensure a stable and free lifestyle beyond your employment. That’s why Usher Wealth financial advisors teaches miners and other workers in the Resource Industry how to use the money earned to gain long-term financial freedom for themselves and their loved ones” said Holly.

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