Money can’t buy you love
Money can’t buy you love
Money can’t buy you love, or so the Beatles reliably informed us in the 1960s. But does that mean money is of limited use?
There are many things we need money for, from basic security and food to some of the finer things in life. But how much money do you require to cover the lifestyle you’d like to enjoy?
£1 Million for one person may be more than enough for their planned lifestyle. But it may hardly touch the sides for someone who leads a much more extravagant life.
So how much do you need?
This is the question financial planning can answer for you. We look at your current resources, your expected future income and spending and will therefore be able to identify what amount you need for your desired lifestyle.
If it looks that on your current circumstances you do not have the necessary amount we can model some further options. Eg. working for a longer period, saving more now, reduced spending in later years.
Armed with that information you can then plan for your future with the confidence that you have the financial resources needed to support the lifestyle you’d like.
Financial planning gives you that knowledge. If you would like to know more, contact me at mary@wealthforwomen.biz for a confidential, no obligation discussion.
Read More
If you enjoyed this post, we recommend the following as additional reading.
Divorce at over-60
Over 60 and facing separation? You’re not alone. Later life divorce is definitely on the increase – figures from the International Longevity Centre, a respected research organisation, show that between 1990 and 2012 the number of men and women over the age of 60 going through a divorce shot up by 85 per cent. There…
What qualification should my financial adviser have?
In order to provide regulated financial advice in the UK, a financial adviser must hold an approved qualification covering a number of financial planning subjects. Qualifications are generally from two main professional bodies: Chartered Insurance Institute (CII) and Institute of Financial Planning (IFP). Advisers must hold a minimum qualification, subscribe to a code of ethics…
What happens if you die without a will?
Research shows that over 28 million of the UK adult population (58%) are currently without a will[1] despite 92% of the population having a firm idea on who they would like their estate to pass to after they die. It is a common misconception that once you die your spouse will inherit everything or that…
