Posted 28.07.2022 in Wealth Planning
It is no secret that our life experiences shape so many of our relationships. Experiences from our upbringing, our previous business encounters, through to significant emotional events, including separation or losing a loved one, will all impact our perceptions. Our relationship with money is no exception. Our financial position and how we interpret it can influence how we feel about the future, how we make financial decisions, and, crucially, our sense of fulfilment. Our team encourage you to take time to practice ‘financial self-care by reflecting on why taking control and building your confidence was and still is, so important. When you give this relationship the attention it deserves and commit to putting those needs first, you can improve your overall wellbeing and take charge of your financial journey. Pour yourself a cup of tea and find a notepad to dive into, remembering your ‘why.’
Your journey to financial security began when you took your first step to get your affairs in order. Our process is to create a genuine purpose around what we work towards as a team, a client and an adviser. Your Wealth Map is an incredible place to reflect on what your goals are for achieving a prosperous life. There can often be trade-offs in achieving financial freedom, however, when you reframe the situation to highlight what your long-term goals are, often those trade-offs make a lot more sense. Your relationship with your finances will ebb and flow as your situation changes over time. It is important to remind yourself of your goals and if they still resonate.
With clear goals and a strong supporting framework around you, you are in a position to empower yourself with the right knowledge to make your own informed decisions. When you have a positive relationship with money, you will want to be involved in financial conversations and will be interested in your affairs. If you find yourself in a position of shying away, you have an opportunity to develop the relationship to a more fulfilling place. Your relationship with finances is an intimate one, with you being the best-placed person to say what is right for yourself and your future. It is important to remember your value in the relationship and not be afraid to be involved. Guided by your holistically crafted strategy, you can take charge and enjoy your money free from concern.
For many women, the process of needing to find and take control over their financial situations can be an overwhelming challenge. It is also an ongoing process that requires regular reflection and management. But what is all of the work for if we don’t celebrate the wins and success along the way. Life is to be enjoyed, and part of building a healthy and empowered relationship with your money is celebrating your milestones and moments that matter.
The best time to start a project is yesterday, and the second best is right now. There will never be a better time to arm yourself with the information and the tools you need to feel empowered and in control. Your adviser is your partner in creating the life you want, and your role is to drive the conversation about what that is. We have learnt through hundreds of conversations that money does not make people happy. Stability, commitment, and comfort do. Your money will lead you to a richer and happier life when it is managed with purpose.