Investment Insights
Investments do rise and do fall in value and we strongly advise that professional advice is taken before investing your money
Now, if Harry and Meghan should want me to advise them on how best to plan for their financial future, I would be happy to oblige and I would start by saying;
Rule one, decide who is going to be boss - we all know who is going to be the boss, don’t we chaps! But in seriousness, who in the partnership is good with money and is going to make the hard ‘money’ decisions? Too many couples have separate finances and therefore may not be working to a common goal, think about it, when was the last time you talked and planned how you are going to spend your money, let alone save for your future. Rule two, decide what the future is going to look like – Palace in Kensington, little white cottage in the countryside, holidays, 2.4 kids, education etc. What does Retirement look like? debt free, feet up, sipping a nice cool drink on a beach somewhere, or something completely different - set your goals! Rule three, don’t forget rule number two - the 'goal', build a plan and stick to it. Yes, life gets in the way, but the plan can be adapted as your priorities change. Like most diet plans, most people give up, but those of us who have a ‘real dream’ as opposed to a ‘wouldn’t it be nice’ dream, are more likely to make it successful and be in a better financial position. Some people are just lucky, they get that great job, buy the beautiful house, live happily ever after… but for the rest of us, we must work hard and stay focused on our goals, and slowly grind out the plan, making sure we stay on course. Life is tough but for those of us who want to live like a Duke and Duchess, making the most of our money and your opportunities, with the ones we love, we must Plan, Plan, Plan and Review, Review, Review! Sit down with your chosen adviser and then build your own dream (goals), because when you have started with goals that matter, soon the snowball effect should start to take effect. Retirement planning is a lot like gardening, you need to plan, start early and be flexible when things don’t work out as planned. SM&A are experts in helping clients plan and we say, start today, don’t delay! Leave a Reply. |
AuthorSteven is a Fellow of the Personal Finance Society, whom is passionate about investing and getting the most from your money. Archives
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Steven Mufti & Associates Ltd is authorised and regulated by the Financial Conduct Authority.
Financial Services Register Number 607613. Registered in England & Wales, Company number 8664240. Registered Office address: 27 Armitage Court, Ascot, Berkshire, SL5 9TA. Telephone: 01344 623811 Email: advice@smawm.co.uk The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK. The FCA does not regulate taxation advice. The value of your investments may fall as well as rise. Financial Conduct Authority register: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000NMlk7AAD |
31/5/2018
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