We have been advising clients for over 25 years now, helping them to achieve their goals and to be financially independent so that they are in control for when they want to eventually stop work. So in this and following months we will provide you with tips and strategies on how to be better informed on all matters financial including these 7 golden rules:
1 Plan to be Financially Independent
2 You need to learn to save
3 Diversify your investments
4 Good verse Bad Assets
5 Borrow to invest
6 Safety Net and Estate planning
7 Why do you need a financial adviser
For today, how do you Plan to be Financially Independent? As the saying goes “if you fail to plan,you plan to fail”.
With only 5% of us retiring on a comfortable income, it is worth taking some time out from our busy
schedules to plan a comfortable financial future. As with any goal, whether that is buying a house or retiring, you need to have a plan on how to get there. Best to start by setting some short and medium term goals and then look at how you are going to reach them,whether that is through saving, investing, borrowing or a mixture of the three. Once you have decided, most importantly, write your
goals down and review them periodically to ensure you stay on track.Most people find a great place to start is using a budget to see where they are spending their money.There are many apps out there to help you do this, including ours.
Also helpful, is finding a Mentor. Don’t be afraid to ask someone who has the experience as you don’t have to do this on your own. Of course, financial advisers are great people to turn to help you get started on your financial plan.Good luck! You are never too young or old to get started, you just have to take that first step!
Please write to us with any questions or topics you would like discussed and contact us for your free copy of our book on Money.