We are constantly being told to ‘keep fit’ - here are a few secrets to your financial fitness:
Get motivated
Set yourself realistic goals and work out what you need to do to achieve them. Get a financial personal trainer (or Independent Financial Advisor – IFA) to whip you into shape. Use them to help you come up with an effective wealth and fitness program. Have a clear vision of what you are trying to achieve and make sure your game plan is always on track.
Get active
Take an active interest in your finances. Keep yourself informed. Book yourself in for a full financial health check. Regularly review your policies and investments. Make sure you know exactly what plans and policies you have and why you have them. The financial landscape is always changing…make sure your portfolio matches the market and your current plans.
Look after your health
There is nothing more important than your health. In order to earn the income you use to fuel your financial planning you need to be fit and well. Stay healthy and make sure you have planning in place to provide quality healthcare and financial security in the event of ill health.
Cut out bad habits
Just like health and fitness, a bit of discipline is necessary to get your money in tip top condition. Review your bank statements to ensure you aren’t wasting any money. Draw up a budget with an allowance for financial planning. Minimise and manage your debts. Make it a top priority to be debt-free.
Build strength and balance
Now that you’ve got the basics sorted, it’s time to make you financially stronger. Pump that financial iron! Gradually accumulate capital through regular saving. Balance your portfolio with investment in different asset classes and products with different levels and classes of risk.
Get yourself an IFA to help you achieve the maximum financial benefit for your finances, both now and into the future – the key is knowing what to do with your funds, and when. You may like to chat to the OGC Resource team about this – give them a call on 0207 898 0549.
Kim Brown
The Overseas Guides Company
http://www.emigrationguide.com/
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