The last critical step, is to protect yourself where possible from unforeseen financial events. The points listed below will be expanded on in subsequent newsletters and posts but as far as possible make sure you pay attention to the following: Protect against Expenses I realise this sounds obvious but I am particularly guilty of this....
Part 2: Secure Multiple Income Streams
One of the things that clearly differentiated those clients that struggled the most during the aftermath of the Covid pandemic and the associated lockdowns from those that weathered the chaos better, is that those with more than one income stream coped much more easily than those that didn’t. Having more than one income in a...
Part 1: Start or Top-Up your EMERGENCY FUND
This is a savings account or investment account that has a minimum of 3 but preferably 6 months of your household expenses saved in it. If you don’t currently have one, start one NOW. If you didn’t previously see the value of it, I’m sure 2020 has opened your eyes to the value of having...
Who’s advice are you taking, seriously?
Times of festivities and celebrations are often paradoxical in that we want to see friends and family, but we find that when we’re with the ones we don’t often see (only for big occasions and end-of-year-bashes), they have opinions that challenge our own and they’re all too willing to offer advice that we haven’t asked...
