George Fountain APFS on LinkedIn: One thing that still has me with my head in my hands after the budget is… (2024)

If you earn more than you spend on a regular basis, this video is well worth a watch..It's pretty clear that I'm not a digital marketing expert, but I am a Chartered Financial Planner. I wanted to give a simple example of how financial planning can be life changing and why at Molveno Wealth Planning we build personalised cashflow forecasts for everyone that we work with. If you'd like to know more get in touch:https://lnkd.in/e3sYQw4x

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I was speaking to someone late last week about what happens to their surplus income (Income left over after paying your regular bills and expenses). They had quite an interesting answer. Interested to see if anyone else says the same - feel free to comment if you are happy to!

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Financial Independence is absolutely NOT about ‘retiring early’…….It is about having the freedom to do what YOU want to do.When I was training to become a Financial Adviser, I thought it was all about helping people grow their assets so that they can retire. I was wrong. The reality is, growing assets for the sake of it doesn’t make people happy and most people don’t want to stop working!My latest poll overwhelmingly proves this…56 out of the 70 respondents (80%) said that they would keep working in some capacity if they became financially independent. Over 10% of those people said they would continue working full time!I’ve worked with people who’ve retired in their 40’s and I’ve worked with people who are still working in their 70’s because they enjoy it so much.There is no right or wrong answer (Assuming you have ‘enough’ to do what you want to do). It’s about having the choice.Want to know what choices you will have when the time comes? You should probably speak to a (good) Financial Planner!

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I was talking to someone the other day about them selling their business, becoming 'Financially Independent' and about whether they would keep working afterwards...Let me know what you would do!

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I did a Poll on LinkedIn last week….1 in 3 respondents said that they don’t know how their current workplace pension is invested. If you exclude other Financial Planners and people working in Financial Services, the figure is over 40%!!!Of the people who DO know how their pension is invested, at least 1 in 3 of them don’t understand it! (Again, excluding my fellow Financial Services professionals).Overall, 50% of respondents either don’t know or don’t understand how their workplace pension is invested. This figure was 64% for people outside of Financial Services. I appreciate this is a relatively small sample size but the figures are quite staggering. Based on the average UK salary of £34,963 for full time employees (ONS) and the minimum 8% overall pension contribution under auto-enrolment, this means that for most people nearly £3,000 a year is going off into some mysterious pot, invested in an unknown portfolio at an unknown level of risk.If you voted “no” or “yes, but I don’t understand it”, I’m not blaming you for not being up to speed with your pension, this stuff isn’t taught at school and it’s obviously not simple….but it’s massively important….Getting the most out of your pensions during your working life gives you more freedom later on, and the first step is knowing what you have and how it works.I think running financial planning workshops at businesses for their employees is worth me doing!george@molvenowealthplanning.co.ukThis post is for information purposes and does not constitute financial advice, which should be based on your individual circ*mstances.

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It was so good to be back at Worcester Business BUZZ - Local Business Networking this morning, my first Buzz event since the official launch of Molveno Wealth Planning. It is always great to connect with like minded local business owners and professionals. It was potentially the most I've ever laughed during a networking event, which is thanks mainly to David Wilson! As always, James Brodie and James Edwards did a great job organising - thank you.Here's a picture I took of the River Severn afterwards:

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I'm currently looking at designing some free financial planning sessions for businesses and employers so would be very interested to hear from my connections on the below poll:

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