28
Jan
2019
0

Financial Education For Your Children

Currently children do not receive any financial education as part of the school curriculum. In my view, this leaves children unprepared for the realities of adult world and potentially vulnerable to easy access credit that could set their financial futures off to a poor start. When it comes to discussing money, I recommend encouraging children to talk openly and regularly about it so it’s not seen as a taboo subject. In this article I discuss what I believe should be…

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27
Jan
2019
0

Using Your Business As A Financial Planning Tool

Over the years I have advised a number of business owners on their finances. I have noticed that many of these business owners are so busy running their businesses they are missing out on opportunities to use their business as a financial planning tool. In this article I identify two powerful, and often overlooked, ways in which a business can be used as a financial planning tool. I also highlight the importance of using a business as the ‘engine room’…

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25
Jan
2019
0

Brexit Proof Your Finances

During my last few client meetings, I have sensed there’s a great deal of nervousness amongst my clients about the impact that Brexit may have on their personal finances. Will it cause the stock market to crash? Will the pound sterling plummet as a result? What about price inflation, is that going to start shooting up? Investors don’t like uncertainty, but right now that’s what we’ve got. It’s been well documented in the press the uncertainty amongst the Government, HM…

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19
Jan
2019
0

7 Tips For Protecting Your Finances After Winning The Lottery!

  There is saying that suggests you actually need at least £5 million to live like a millionaire! As a reality check – an investment pot of £1 million should give you about £50,000 per year before tax or around £36,000 per year after tax (depending on how it is held). So helicopters and castles in Spain would still be far out of reach! Having advised a handful of lottery winners, I’ve written the following article as my advice to…

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18
Jan
2019
0

Declutter Your Finances For 2019

An important part of the financial advice process is to firstly establish a client’s current financial position including their investments and the insurance policies they have in place. In my experience clients tend to accumulate various different financial products over time. Some of these products can get neglected and others, in particular insurance policies, can get forgotten about. This can lead to a client having multiple policies and investment products in place that may no longer be suitable for their…

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23
Dec
2018
0

Things I Wish I Knew When I Was In Private Practice.

Since I qualified as a financial planner over 6 years ago, I have learned quite a few skills and tips that I now recommend to my clients and wish I had known when I was a solicitor in private practice. As the majority of my clients are from a legal background I have listed the top nine pieces of advice I find myself giving to my clients. 1. Pay yourself first With all the direct debits, bills and subscriptions going…

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