Identify your goals and then feed that dream
The best way to save for the long-term is to identify the future lifestyle you desire.
‘Buy Now – Pay Later’, ‘Interest Free’, ‘0% Credit’ – we live in a world where consumption is key, debt is the social norm and ‘keeping up with the Joneses’ is a full-time hobby.
So any message to save now and spend later is counter-cultural, especially for younger generations.
Even financially savvy people can struggle to balance their current financial needs with the future promise of a more comfortable retirement. And when you add pressures of the economic downturn, stock market volatility, the costs of getting onto the housing ladder or raising children, and pessimism that the Government will allow tax efficient savings to remain untouched, many suffer a paralysis of analysis. They can’t work out what’s best to do, so they do nothing.
Very often its only when the ‘future’ self is brought into the present that people begin to value savings, investments and pensions. What is the lifestyle that they want to have in the future? And what do they need to do to get there? The cost of a cappuccino every day from your favourite barista can eventually accumulate into a holiday, a car, a deposit on a house or an early retirement. Identify the goal, and then feed that dream.
As one of the leading IFA practices in Greater Manchester, Logic Wealth Planning has a team of experienced Financial Advisors specialising in Wealth Management. Working closely with clients in the Heywood, Rochdale, Bury and surrounding areas across the North West, we believe that however modest your income may be, when it comes to Pensions, Savings and Investments we provide the best financial advice, ensuring that your money is working hard for you and allowing you to enjoy a comfortable lifestyle right through to and including your Retirement years. For your first meeting with us – entirely free and without obligation – please call us now on 0808 1234 321. We look forward to hearing from you.