Financial Advice for new families
We understand the pain, you have no free time, not a minute left of energy, and your wallet or purse lighter than ever before. You see no chance in getting your finances together because it's just hard and you might even think it's not possible; but looking at those little faces, sometimes you just hope there’s a way to make it work and create the best future you can for them.
If we’ve just described exactly how you’re feeling, we highly recommend finding yourself a trusted financial advisor who can help you get things in order and see the possible opportunities waiting for you that you don’t even know. Financial advisers are trained to understand your financial situations and help you plan towards your financial goals while helping you invest in the right areas. Not to say that having a financial advisor once and you should stop the relationship there, should be ongoing because they can help keep a close eye on your investment and spot any opportunities that may come along on your behalf.
And it’s not just about the kids, anyone can dream of retirement with freedom and spare money.
Firstly and most boringly, you need to get your insurance in place. You most likely still have about 30 something years of work before retirement (a scary thought!) and if you think about how much you’ll earn in that time, it's a serious amount of money. And if you’re unable to work because of death, injury, or sickness, your family may have to go from a comfortable life to a breadline. There are some great life insurance and income protection products that can help cover this incident and they’re more affordable than you think.
Let’s make sure your pension is working for you too so the day you’re waiting for (your retirement) can be exactly how you have imagined it to be. If you are employed, be sure to maximise your employer’s contribution, and if you’re running your own business, we need to look at moving money pre-tax from your business account into your pension.
We understand finding a spare coin or two is near impossible at the moment but anything that can contribute towards a better future can make a huge difference. What have you got in mind?
Private school?
University?
Holiday home?
Rainy day fund?
Start by maximising your tax allowances, particularly in ISAs, and invest your money in a portfolio that has the same goal as you.
Things don’t JUST happen, but a financial adviser can guide you into the right areas of investment, and work with you to make these dreams come true.
Start by booking a 30 minutes free consultation with us today.
