It’s nigh on impossible to set a financial plan in motion if all your ‘spare’ income is being used to
Right. Now we’re getting down to practicalities! Here, I outline the necessity of having an emergency fund, a pot of
Having set out the basic principles behind financial planning, we’re now moving onto actually doing some planning! I start by
Pete explains the power of compounding adn the benefit of using both capital and income to power your money forward. There are a few figures used in this video, which come up on the screen, but are also summaruised in the PDF below;
All planning is just educated guessing! But better that than no planning at all. In order to plan as well as possible, you need to start with some sensible assumptions for things like investment growth and inflation. In this short video, Pete covers off the three main assumptions he uses.
Here, I introduce the second pillar of financial planning – spending less than you earn. Simple really. Ahem. Location: Can’t
After looking back at the last video, Pete was terrified at the size of his stomach. So here’s an experiment
In this video, I continue asking questions which will help you decide what is most important to you in the
There’s no point in planning anything, unless you know what things are going to look like when you get there.