If there’s one thing that most people have in common, it’s the experience of worrying about money. Even those whose current situation is comfortable will almost certainly have been through periods of poor financial wellbeing in the past or may do so in future.
Because financial wellbeing isn’t just about how much money you have, it’s also about how secure, confident, and empowered you feel financially. Today more than ever, its good practice to be holistic in your thought process and to create a plan for the short, medium, and long term that helps you feel empowered regards your financial wellbeing and have a series of goals to work towards.
A common question though is where do I start?
Here’s 4 questions to consider. Think about these and what the impact could be, and then what action you have taken to date to put plans in place, whether these be of a short-, medium- or long-term nature.
What happens if I live too long? What happens if I die too soon? What happens if you fall seriously ill, or are unable to work due to ill health? What plans do you have in place to communicate your wishes after you have gone?
Each of these questions can create a wide-ranging set of conversations, and for each of us there will be some synergy in what is discussed, but for others, their circumstances may mean that they present unique areas for discussion.
No matter what your situation, there’s always a solution that can be put in place either today, tomorrow or in years to come. Things will change as time goes by, circumstances will change, we have families, careers flourish, our expectations change, meaning our plans need to be dynamic and able to accommodate change.
Give some thought to these 4 questions. These are the cornerstones of building a strong client understanding, of their needs and expectations, and the basis for a long term, trusted relationship, and this is how I like to approach every single engagement with prospects and clients, no matter of size or scale of the client’s needs.
Over the coming weeks, we’ll continue with this theme, and we will explore each of these questions, and we’ll cover some areas for further consideration within each, supported by inputs from subject matter experts along the way.
Wellbeing is vitally important on many fronts. If you are intrigued by any of the blogs, or if you are concerned you can’t answer each of these questions with what you have in place, then please get in touch for an initial no obligation discussion.
Paul Swales DipPFS ACMA Financial Advisor | Gregory Wealth Management LLP
Mobile: +44 (0)7789 877589 Email: firstname.lastname@example.org