Remember Bill from a few weeks ago with the stock windfall? We met again a few days ago to run through his financial plan. I started by confirming his net worth – £4.8 million. He couldn’t believe it. He’d never added it all up before. His chosen lifestyle costs £60,000 a year. All but £200k of […]
View ArticleMet a new client last week. Thirty years at the same factory. Same desk, same commute, same chat with the same workmates in the break room. For most of those thirty years, he drip-fed into his company’s employee share purchase scheme. Over 4,000 shares in Seagate Technologies, accumulated a few pounds at a time. Last […]
View ArticleSorting Nails Into Boxes At the weekend I took my first motorbike trip since 2018. I caught the boat to Scotland, then rode along the Queensway through the Galloway Forest, over towards Hexham, and then followed the Pennines down into the Lake District to meet an old friend. Gorgeous roads, great weather – time to […]
View ArticleTwo meetings last week stood out for me. The first was with a couple we’ve worked with for 13 years. When he first walked into our office, he had his sleeves rolled up, tie loose and looking utterly stressed. He hated his job. But it was cushy. Fantastic pension. Hard to walk away from. We […]
View ArticleTwo client conversations today really stood out for me. The first was about a niece who had recently come into an inheritance. She’d used the money to buy a beautiful new home complete with turrets (!!), a grand spiral staircase, the works. What struck me wasn’t the house itself, but where the money had come […]
View ArticleI recently came across a quote by Derek Sivers: “If knowledge was enough, we would all be billionaires with six packs.” Most of us already know what we should be doing. You know you should spend less than we earn. You know you should invest for the future. You know you need to be […]
View ArticleLast weekend, Gibson Financial Planning had the privilege of co-sponsoring a fantastic event focused on mindset and performance in business. This time last year, a friend of mine was sponsoring the event and promoting it on social media. I missed the it, but saw his posts and became aware of the work Seamus Fox was […]
View ArticleI love this client story – they came on board with us last year. Business was great and they had just agreed the purchase of their dream home. They enjoy a great lifestyle but there was a nagging fear that it might not be sustainable down the line… Tom was emotional as he told me […]
View ArticleShame and Guilt – blocking Wealth Building Most conversations about wealth building focus on behaviour: budgeting, saving, investing and planning but rarely emotion. Shame and guilt can have a massive influence on our decisions, and they are frequently woven into the money scripts we pick up early in life. If you’ve ever looked at your […]
View ArticleFinancial Planning, Money Scripts and Money Mindsets, Retirement
Transitioning into retirement is rarely easy. I met with a client earlier today who is fast approaching her planned retirement and feels deeply uneasy about the shift ahead. On paper, she has sufficient resources to last her lifetime. She has saved consistently, planned carefully and done everything “right”. She said to me: “I know […]
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