With interest rates rising and the economy being so uncertain, now more than ever you need to be financially secure. A great way to increase financial security is to repay your debt, but it’s not easy, is it. I’ve been fascinated by human behaviour for as long as I’ve been a financial planner. The two […]
Category: Debt Repayment
Things are getting serious when it comes to our money; inflation is the highest in forty years, interest rates are rising in an attempt to curb inflation meaning our mortgages and debts are costing us more, energy and fuel prices have increased, it’s tough out there and we are all feeling the pinch. Therefore it’s essential you know your numbers, money isn’t as complicated as you might think. The hardest step is the first one – so where should you begin?
Category: Financial Planning
We are living in a time of extreme uncertainty and the anxiety that comes along with it. Against the backdrop of war, humanitarian crisis, and economic hardship, it’s natural to wonder what effect these world events will have on our long-term investment performance.
While these challenges certainly warrant our attention and deep concern, they don’t have to be a reason to panic about markets when you’re focused on long-term investing.
I think we all agree that time flies. For me it seems like only the other week that we were celebrating the new year, then on our own in lockdown… when this month we’re halfway through 2021 already. Before we know it, summer will be over and we’ll be planning our Christmas celebrations.
It’s our decisions in life that will shape our future, not our knowledge or our conditions. Find out the 2 things you can do to get yourself on track.
Category: Goal Setting
Inflation, as measured by the consumer prices index, has hit nine per cent, which is a 40-year high and the prospect of it rising higher and reaching double digits before the year-end is very likely. Inflation is normal, we shouldn’t be afraid of it, but when its momentum builds it can get out of control and skyrocket, which typically means things become more expensive quickly, but what does it do to your savings?
It’s the one debt most of us are happy to take out and it seems almost second nature to do so; for the majority, it takes nearly our whole working lifetime to repay it. So how can you join the 60% or so of householders who own their homes outright? Discover how repaying your mortgage earlier or more frequently can really make a difference.
As a certified financial planner, a vital part of what I do is ensuring catastrophes like premature death are considered now, so there is a plan in place before an eventuality may occur. Managing risk is an important part of that. A way of transferring the risk away from your family unit to an insurance company is by buying life assurance. It doesn’t always have the best reputation, but ask a widow or widower who benefited from it and they’ll tell you a different story. We insure our cars and our home; it’s a natural step to insure our lives. read this article to find out why it’s worth considering.
Many people often think that if they had more money, all their worries would go away. But (and while I am sure you’d prefer to find this out for yourself), I can tell you that for most people, more money just means different types of worries.
Most people live to their means, and some for various reasons live beyond their means. When your budget begins to stretch and you start borrowing for day-to-day spending, your money worries can quickly grow. For some people, small worries can easily escalate rapidly into bigger problems and cause mental health issues that can paralyse our decision-making process. Just thinking about money, your bills and credit card statements can bring a shudder over you, bringing on a sense of helplessness and a lack of hope.
This week I read a great blog by one of the people that helped me as he celebrated 40 years in business. David Booth is the founder of Dimensional Fund Advisers and a genius in the investment world, so I wanted to share his thoughts and mine so you too can benefit from his wisdom. Read this article to discover what I believe to be 4 important things when it comes to investing.
Category: Saving & Investing
So many of us are our family’s goose. We wake and go to work all day, we bring home our golden egg each month in the form of our pay cheque. But if we couldn’t work for some reason, what would happen to our income?
In his Spring Statement the Chancellor’s main focus was on measures to help those hit hardest by the rising cost of living. The annual inflation rate in the UK increased to 6.2 percent in February from 5.5 percent in January and above market forecasts of 5.9 percent. It is the highest inflation rate since March […]
With the cost of living increasing and our electricity bills looking more like Elton John’s florist bill, I thought it even more pertinent to ensure we are claiming what we can to maximise our savings. With many people still working from home, and energy costs rising, it’s even more important that employees are claiming the […]
When I started in financial planning back in 1995, the biggest obstacle I heard to investing was ‘I’m buying bricks and mortar, that’s my pension’. However, there are logical reasons why I believe equities make better investments than property, but we don’t buy with logic, we buy with emotions, justifying our decisions with the logic that will back up the choice we made.
Category: Saving & Investing
After touching record highs in early January, many world markets have pulled back from their highs, and investors have been confronted with worrisome headlines in the financial press regarding record inflation and more recently the Russian invasion of the Ukraine.
Is rising inflation and Russia’s invasion a negative for equity investors? Do large losses in a handful of popular stocks signal a downturn ahead for the broad market?
With the cost of living increasing and our electricity bills looking more like Elton John’s florist bill, we thought it even more pertinent to tax plan this season and maximise our savings. While tax planning is an important part of financial planning, it is not the only part. It is essential that any tax planning […]
Category: Financial Planning
According to UK Finance, a collective voice for the UK banking and finance industry representing around 300 firms, fraud is on the rise as fraudsters look to take advantage of people who are spending more time online, as our work and private lives change more to a virtual world. Their most recent report shows that […]
How much is enough for you to retire? What’s your number? None of us are getting any younger and time flies faster as we age, so it’s important to plan ahead for retirement, a period of our life that could last 40 years. My wife gets frustrated with me when I spend more time planning […]