New Year’s Resolutions
Did you have any resolutions this year? – According to a recent study the majority of resolutions are broken by just nine days into the New Year. A look at our planning service indicates how you can give yourself a better chance of success.
New Year Resolutions cover a wide range of activities: The most common are typically health related: Lose weight, get fit, and eat healthier. The principles are simple and there is a huge amount of advice available, so why do so many people fail?
There are several key steps to success:
- Split your resolutions into easily manageable segments – short, medium and long term goals.
- Be realistic about your current circumstances and what you may be able to achieve.
- Write down your goals and review progress regularly.
Our Financial Planning process incorporates all of these points.
First of all we listen to what you really want to achieve, personally, for your family and future generations or perhaps for your business?
Although many of your aspirations will not involve money, more often than not, there will be financial implications. Short term objectives may be saving for a special holiday, while longer term objectives may be ensuring your financial security in retirement, or passing your wealth down as a legacy to your family.
We then work with you to look at your current and future assets, liabilities, income and expenditure.
Understanding your current position lets us offer practical help of how we can better achieve your stated objectives and future goals. It also helps us identify and explain any potential obstacles you may face and how best to overcome them.
The plan is written down so you can refer to it whenever you want and we review the plan regularly, at least once a year. This ensures flexibility and that the plan remains current, and takes into account any changes in your circumstances.
To organise a no obligation initial meeting to see how we can secure your financial future please speak to your usual Old Mill contact.