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.
Is my money safe in the bank?
In last week’s blog “How safe is the money in my bank deposit account” I looked at the Financial Services Compensation Scheme (FSCS) and how that can help depositors if their bank becomes insolvent. This blog looks more at the issue of is it a sensible option to leave a large sum of money on…
Do you take responsibility for your finances?
As the founder of Wealth for Women, it wouldn’t surprise anyone to hear that most of my clients are female. Typically, they are going through, or have just been through, divorce. In almost every case, the husband has had full responsibility for looking after the joint finances during the marriage and the female has taken…
