No seriously, why is it that you want to invest? You should really know the answer to this question.
If you sit down with a financial adviser, or on your own and say ‘yep now is the time for me to start investing’, what is it that you are trying to achieve?
So often people ask about what to invest in as opposed to whythey want to invest. Your overall goals, age, risk profile and reason for investing all need to be considered when deciding on the type of investments that you should choose.
Do you remember when you just finished uni or school and started working full time and had soooo much more money than you used to? I definitely do, but because of the saver that I am, I sort of continued living like a uni student for a while. Spending as little as possible, I didn’t go out for dinners or buy lovely clothes or anything. It was probably a blessing in disguise really because there is also the opposite side of the equation where people start to spend up big on all the fancy things as soon as they get a job.
There have been a lot of ads recently promoting life insurance usually including some true stories about how insurance has helped their family, and I am really pleased that this is bringing insurance to the front of people’s minds. It’s a positive step.
I don’t however believe that this gives people the full picture, or enough information to make an informed choice. So, if one of your new year’s resolutions is to sort out your insurance, then take 5 minutes to read this post before you get your insurance ‘sorted’ over the phone.
There are 2 general types of life insurance: direct insurance, which is where you go through an online system or over the phone, and then there are retail products which you need to obtain either through a financial adviser, insurance Continue reading →
If you have been made redundant or find yourself in a situation where all of a sudden you don’t have an income, it can be a kick in the teeth. For those who weren’t expecting it, even more so. Most people don’t plan to become redundant and because of this, don’t necessarily have any emergency money sitting around for this rainy day. I have spoken about this on several occasions here, here and here.
So whilst you can go back and read my posts and say ‘yes, I get that I should have done that but I didn’t’, that really isn’t going to help you in this specific situation.
So if you are here because you have just been made redundant, then here are a few tangible things that you can do straight away to help alleviate the financial pressure.
Well I am back from an amazing holiday in Japan, but my body is a little bit worse for wear. My husband and I, along with a few friends decided to do a week snowboarding in Hakuba followed by a few days in Tokyo, Osaka and Kyoto to take in some of the sights and culture.
My husband has spent some time snowboarding so he is happy and at ease on the slopes but I haven’t been snowboarding before, so I spent a week on the mountains trying to get the basics down enough to have a bit of fun by the end of the week. I don’t know about anyone else, but one thing I found about snowboarding, was the fact that in order to enjoy it, you need to push through days of pain, falling, and wet pants.
If you watch Parks and Recreation you will know what I am talking about. If you don’t, you should get involved, it’s brilliant.
Ron is cynical and old school and his idea of a savings plan is accumulating as many gold bars as possible and burying them in his back yard. Not the usual kind of strategies I recommend to my clients, that’s for sure.
So, what is the problem with this strategy then? Other than the insurance nightmare and the fact that you literally have all of your wealth buried in your Continue reading →
I am currently freezing my butt off in Japan trying my best not to look too lame on the ski hills however it is likely that I am failing miserably. I’ll be sure to give you a full run down of my Japan trip when I am back on home soil but for now I wanted to talk about salaries, and how you need to consider a range of different factors other than just the dollar figure.
Starting a new job is like your first day of school. You make sure your uniform is nicely laid out as you want to look the best you possibly can. Bags are packed the night before and you don’t want to miss the bus as that would be a terrible impression on your first day. (I realise that I could just be describing my nerdy self right now)