Recent studies have suggested the benefits of financial planning go beyond simply having enough money. US research conducted by the Leeds School of Business in Colorado found people in the UK and the US who planned for their financial future were likely to live longer than those who did not. It also found people with
We’ve all self-prescribed a healthy dose of retail therapy. And there’s definitely been a time when we’ve dipped into our rainy day funds when there’s nothing but clear skies. But there’s a whole other side of spending we need to talk more about: FOMO spending. FOMO is nothing new in finance. We’ve seen it before
Building wealth in 2023 and beyond - Starting with savings To weather life's ups and downs, including a recession or job loss, a healthy savings account is critical as this will provide support if you get laid off, your self-employment income takes a sudden dip, or a major expense pops up. Saving money is also
One of the ways Merriam-Webster defines the word cycle is a course or series of events or operations that recur regularly and usually lead back to the starting point. And when the word vicious is placed in front of it, it becomes a chain of events in which the response to one difficulty creates a new problem that aggravates
While the investment universe is currently consumed by inflation and interest rates, there are other factors at play which will, arguably, have a far bigger impact on longer term pension and investment returns than the current war between central banks and the CPI. One of these factors is the ageing population around the world. We
Key Points: Financial Planning is for those starting out as well as more seasoned / wealthy investors. A financial plan answers real questions to help you make better day-to-day decisions and reach financial goals and it doesn't have to be expensive or complicated. The seven questions outlined below, demonstrate how a Financial Plan can be
