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Retirement is an income, not an age

by on 3:58 pm in Personal Financial Planning

It occurred to me recently with all this talk about the need to raise retirement age in the Uk due to our ageing population, that many people have got it wrong.

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Deflation – it’s official!

by on 5:32 pm in Personal Financial Planning

What is Deflation?

A deflationary climate has returned to Britain for the first time in nearly 50 years.

The Retail Prices Index (RPI) measures a theoretical basket of goods and compares changes in the price of the whole basket over time. For the first time in five decades RPI was lower over a 12 month period.

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10 Great Reasons to Write a Will

by on 8:30 am in Personal Financial Planning

In our previous article we considered the basics of will writing, setting out the key people involved in the writing and execution of a Will.

In this article we will consider the REAL benefits to be enjoyed from ensuring you have a properly written Will.

10 Great Reasons Why You Should Write a Will

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Will Writing – an introduction

by on 5:15 pm in Personal Financial Planning

Why you need a Will –

There are many reasons why it is prudent from a personal, as well family perspective, to ensure you have a suitably worded Will in place – and Will Planning is not just for old people either!

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Trusts – Protecting Wealth and Financial Planning

by on 6:30 am in Personal Financial Planning

This article is an introduction to Trusts and how they can be used in financial planning to achieve your money and wealth goals not only as a tax planning tool but also to protect your existing wealth.

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Needs and Wants – the Basics of Budgeting

by on 9:39 pm in Personal Financial Planning

In order to make decisions about what steps to take with the various aspects of your personal financial planning it is important to take a “snapshot” of where you are at at this moment in time.

A plan is just that – a plan – you decide on where it is you want to “arrive”, consider your current “position” , weigh up the various methods of getting there and choose the path which seems most appropriate to your current family situation, income profile, future employment prospects.

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Pay Yourself First – the first step in wealth creation

by on 11:39 pm in Personal Financial Planning

One of the key principles of personal financial planning and wealth creation is to live within your means. This does not mean “going without” – it simply means to only buy what you can afford to buy.

“Pay Yourself First” is a principle of wealth creation which I first came across in the fantastic book on wealth creation “The Richest Man in Babylon” by George S. Clayson and is a principle which has been repeated so many times through the ages.

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