One key point I’ll often make when I meet with clients is the importance of enjoying your wealth.  Clearly, you have to be aware of the various financial priorities you might have  to ensure they are covered-off first, such as your retirement provision, your mortgage, and other household expenses. But, as the saying goes, “you can’t take it with you”, and while your legacy and what you leave to your beneficiaries will clearly matter, it’s important to live in the present, and enjoy the life experiences you’ve worked hard to achieve while you can. Ultimately you should see growing your wealth as a means to an end, rather than simply an end in itself.  These points were brought home to... Read More

Many individuals find it difficult to save money, either for a specific purpose such as retirement, or simply to grow their assets, because of their financial circumstances. Often this is down to having to balance conflicting priorities, and facing circumstances where saving money comes below other household costs in terms of necessity. According to Moneyfarm, we save an average of £105.43 each month. Quite understandably, this figure varies significantly depending on your income level.  A Finder report revealed that the average person in the UK has £17,773 in total savings, but half of people have less than £1,000. Furthermore, almost a quarter of people have no savings whatsoever.  Perhaps predictably, age can be a key factor in the amount you have... Read More

The decision to set money aside for your financial future, in the form of pension contributions, and other savings, is an easy one to make. However, the follow-up choice of where to actually put your money can be far more problematic. A knee-jerk response is often to consider a savings account offering a certain rate of interest on your money. Yet, evidence shows that investment in stocks and investment funds will outperform money in an interest-bearing account in the long term. But, stock market investments are remarkably misunderstood, especially given that stock markets have been around for close to 500 years.  Given how important investment is in helping you grow your wealth, it’s important to understand what it is, what... Read More

Uncertainty can be a big inhibitor when it comes to many aspects of your day-to-day life. From the mundane of what the weather will be like next week, to more important issues around your health and your job. Equally, when it comes to planning your future, financial uncertainty can always seem to pose apparent problems. This can include high-profile issues around market uncertainty, high inflation, and borrowing costs, as well as your own individual circumstances. Financial uncertainty can create a situation where you’re unsure about future financial outcomes. As a result, this could easily affect your decision-making process.  When it comes to your future financial security, and meeting your obligations, it can also cause deep anxiety and stress. In reality,... Read More

Although it’s traditional to see the move from work to retirement as something to celebrate, it can also be a challenging time. You’ll be going from being in work, with all the disciplines and structures involved with a full-time job, to a life where all your time is your own. Furthermore, even if you make a gradual transition into retirement, there will eventually come a time when your income will derive solely from your accrued pension fund and other savings, rather than from a regular income every month. Because of this, it’s important to plan ahead and to be aware of the potential challenges you may face moving from work to free time. Not only in terms of the “pounds... Read More