An Overview of UK Money.
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About The Video.
Top tips on how to choose a financial adviser:
Comment: I would point out that there is ongoing discussion regarding an “advice-gap” that has arisen because advisor fees can be high.
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Through 469BCe.COM I support the idea of financial education as a way to minimise the impact of any 'gap'. Email me for details.
Wellness.
- Be patient: Things don't change overnight. Taken as a whole managing your finances can seem daunting. The truth is that once broken down into small bites everything, in your financial life, becomes simple to deal with. It just takes time.
- Take strength from everything that you believe: It's your financial life. It's what you want and what you value that's important. Working for something that you believe in is much easier than working for something that others think you should value.
- Be happy: Whatever your current circumstances it's important for you to find a way to be happy. A positive outlook now will go a long way to helping you create a positive and happy future.
Where to start?
Managing your finances can be a daunting thing. The good news is that once you establish good practices financial management is easy to maintain. Accepting that the order may change, my 12 steps to good financial planning are -
Managing your finances can be a daunting thing. The good news is that once you establish good practices financial management is easy to maintain. Accepting that the order may change, my 12 steps to good financial planning are -
- Make a list of all income(s.)
- Differentiate between regular steady income and extra bonus/second income(s).
- Write down a list of all of your expenditure including all debts.
- Prioritise your expenditure and debts.
- Make a realistic budget. Match income to expenditure. Include everything you will spend money on over the week/month.
- Protect you/your family with Life & Critical Illness cover.
- Decide on a sustainable strategy for paying off your debts.
- Look to build a 'rainy day' fund.
- Reduce any mortgages with additional payments.
- Start a pension.
- Look at main-stream savings products.
- Look at setting up a diverse portfolio of investments.
What's Next? |
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