Rolling back the years...
In my work as a financial planner I invite people to engage in a simple three part process.
Muddling through definitely works in the short term. The long term reality sadly is unrealistic expectations, disappointment and a sense of regret. Most of us in our thirties and forties struggle with the demands of a growing family, and perform a high wire act between the income that never seems to keep pace with rising prices and a vague sense that we are not managing things as well as we might. And most of us in our fifties and sixties have a sharp ‘reality check’ at some point and wish we had taken more care of our finances when younger.
With these thoughts in mind I have devised a series of short videos that address the main issues we face in each of the decades between 20 and 60. Watching them won’t put things right for you, but it might motivate you to talk to a financial planner and take control of your finances once and for all.
The videos will be shared over the next few weeks, I do hope you enjoy them.
Regards,
Nicholas.
- To Create a Budget – so that they know what is coming in, where it is being spent and what, if anything, is left over. This process includes a complete review of their assets, income, expenditure, investments and debts. It allows them to see a financial summary of where they are. They can then begin to determine their financial priorities.
- To Protect what they Have – their income, assets and wellbeing – from the financial consequences of premature death or unexpected disability and illness. The information on the financial summary enables us to quantify this accurately.
- To Save and Invest – once we have protected where they are we can begin to save for short term goals and invest for their future and long term well being.
Muddling through definitely works in the short term. The long term reality sadly is unrealistic expectations, disappointment and a sense of regret. Most of us in our thirties and forties struggle with the demands of a growing family, and perform a high wire act between the income that never seems to keep pace with rising prices and a vague sense that we are not managing things as well as we might. And most of us in our fifties and sixties have a sharp ‘reality check’ at some point and wish we had taken more care of our finances when younger.
With these thoughts in mind I have devised a series of short videos that address the main issues we face in each of the decades between 20 and 60. Watching them won’t put things right for you, but it might motivate you to talk to a financial planner and take control of your finances once and for all.
The videos will be shared over the next few weeks, I do hope you enjoy them.
Regards,
Nicholas.