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How are American Christians thinking about engaging non-Christians in the United States? According to recent Barna research there are 60 to 80 million Americans who don't fit the paradigm that a lot of Christians have about those outside of the church. They are not really hostile to discussions about faith and spirituality and are actually spiritually curious at the right moments. Join Ted Esler's conversation with Mark Matlock, the Executive Director of the Urbana Student Missions Conference and also author of Faith for the Curious: How an Era of Spiritual Openness Shapes the Way We Live and Help Others Follow Jesus. Mark Matlock is a facilitator of innovation and impact, helping organizations adapt to changing times through turning research based insights into action. The founder of WisdomWorks LLC a consultancy helping churches and faith-based organizations leverage their collective wisdom and insight to innovate and adapt in changing times. Mark also works with Barna to assist clients with board training and on-site facilitation of research findings. Mark has been an advisor to organizations such as the Seed Company, Youth Specialties, Young Life, Awana, Brotherhood Mutual, Movement.org, BetterMan and has served as a board member of the American Bible Society. Mark is the author of more than 20 books for teens and parents, and in 2019 co-authored Faith for Exiles: Five Ways for a New Generation to Follow Jesus in Digital Babylon with Barna Group President David Kinnaman. Having initiated many research projects with Barna over the last two decades related to Next Gen studies, Mark's research continues to provide insights into emerging generations and how to cultivate faithful disciples.Mark is an ordained minister, certified LifePLanner, LEGO Serious Play facilitator, and MCORE trainer and coach. Mark is also certified as a HopIn online platform agency. He's been married for 30 years to his wife Jade. They have two adult children.The Mission Matters Podcast is a place to talk about the importance of our Mission as Christians. The Mission Matters is a partnership of Missio Nexus and Sixteen:Fifteen, who have a shared passion to mobilize God's people to be a part of His mission.https://www.amazon.com/Faith-Curious-Spiritual-Openness-Shapes/dp/0801018714https://www.urbana.org/
Join Christine and Renee for the PREMIERE episode of the season, where they expand on last season's teachings about the moon and eclipses! Our podcast hosts give us all the details for 2025's upcoming eclipses, including what to expect and which areas of life may experience some big changes. Save this episode and come back periodically throughout the year to see if things happened as expected… or possibly even better!
Looking for a simple, affordable way to hang your posters or artwork? In this episode, Peter von Panda reviews a clever magnetic frame solution perfect for posters like his Life Weeks planner, movie posters, or any artwork you want to display without the hassle of heavy frames or glass. This bamboo magnetic hanger keeps your prints in place and accessible, making it ideal for posters you interact with regularly. Tune in to learn how this quick and stylish hanging method works for any space. ▶ Get this product here: https://geni.us/4PNE ---------- LET'S TALK ABOUT LIVING BETTER: ▶ Podcast: https://geni.us/FtGAT4 ▶ My Amazon Store: https://www.amazon.com/shop/petervonp... ---------- IF YOU'D LIKE TO SHOW SOME LOVE: ▶ Buy My Book: https://geni.us/qwbZAE ▶ Become A Channel Member: https://geni.us/AA3Jk ▶ Patreon: / petervonpanda ▶ Merch: https://petervonpanda.storenvy.com/ ▶ Free Panda Group: https://panda-research-institute.mn.co FOLLOW MY OTHER SOCIAL MEDIA PLATFORMS: ▶ Instagram: / petervonpanda ▶ Facebook: / petervonpanda --- Support this podcast: https://podcasters.spotify.com/pod/show/petervonpanda/support
George Kinder is the founder of the Kinder Institute of Life Planning, and he joins the show today to discuss his career and how he got started in the financial planning profession. He explains his definition of life planning, addresses critics of his approach, and discusses what excites him most about the profession. If you're interested in learning how to integrate life planning into your practice or hearing from a pioneer in the field, this episode is for you! Listen in as George shares how he developed the life planning process, built and sold his firm, and transitioned to coaching and training other financial planners in life planning. He also walks us through his famous three questions that reveal clients' aspirations, regrets, fears, and dreams. Don't miss hearing insights from his recent book, The Three Domains of Freedom, and the essential first step for new planners starting their careers. You can find show notes and more information by clicking here: https://bit.ly/4eaZbOq
Balance Your Teacher Life: Tips for Educators to Avoid Burn-Out and Achieve Better Work-Life Balance
Discover how to use the summer break to reflect on your teaching practice, set empowering boundaries, and show up as your best self in the classroom. These thought-provoking prompts will help you avoid burnout and reignite your passion for education!Highlights:
In this episode Eric and Matt give a broad overview of Life Planning and how it differs from traditional Financial Planning, and why you should consider working with a certified Life Planner.
Are you nearing retirement? Are you already in retirement? Do you know someone who is? If so, then this week's episode is for you. Guarantees may have a place in a retiree's plan, but they may not. Proceed with caution, proceed with a plan, and proceed with a Life Planner.
In today's episode, Sarah interviews Stacy Mellem, a devoted Franklin-Covey user for over 30 years! Stacy shares how she's made the system work for her over the years, and why she believes planning is still important in retirement (or what she refers to as her "jubilacion" (the Spanish word for retirement, which really does sound better!). Franklin-Covey Planners: https://store.franklinplanner.com (this podcast is not affiliated, just including as reference!) Episode Sponsors: Green Chef: The #1 Meal Kit for Eating Well. Go to greenchef.com/plans50 and use code plans50 to get 50% off plus free shipping! Learn more about your ad choices. Visit megaphone.fm/adchoices
Guest Bio: Chanel Dokun is a certified Life Planner and Relationship Expert trained in Marriage and Family Therapy. She specializes in helping women step into their life's true calling through her Women of Consequence life planning organization. Prior to running her own business and co-founding a seven-figure therapy practice, Healthy Minds NYC, she worked in publishing at Hearst Magazines. She now splits her time between New York City and Atlanta with her psychiatrist husband and son. Chanel's writing and contributions have appeared in publications such as the New York Times, Real Simple, Woman's Day, Essence, Moneyish, Christianity Today, and Relevant Magazine. Show Summary: Have you ever felt uncertain of your purpose? Have your eyes glazed over when it comes to talking about the future or thinking of your dreams? Sometimes we can get caught up in the mundane things that cause us to forget about the goals and plans we wanted for ourselves. Today's guest, Chanel Dokun, is devoted to helping women find and pursue their passions. Join this conversation with hosts, Elisa Morgan and Eryn Eddy Adkins, to learn more about pursuing your purpose on this episode of God Hears Her. Notes and Quotes: “She [my mom] said to me, ‘that's so great you know who you want to be, because I never knew. Nobody ever asked me.”—Chanel Dokun “I think we all have flickers of what our purpose is as children.”—Chanel Dokun “Part of how we get unstuck, or come back to life, is by standing up in the truth of who we are. Reclaiming our identity, owning what our purpose is, and getting back into our own skin.”—Chanel Dokun “Because of social media, we're constantly being presented with an idea of what flourishing is that is not unique to us. We lose sight of ourselves because we're being presented with somebody else's great life. . . but your great life is not my great life.”—Chanel Dokun “All the things God has in store for you, He does not have in store for me. And that's what gets us off track. We start to believe that our lives need to conform to something else, and we start to twist, shape-shift, and conform ourselves to be something we were never meant to be.”—Chanel Dokun “It's this idea that my worth is associated with these particular things—by what my job is or the people who are in my life or the stuff that I have. We start to lean into these lies, and we start to believe that is what our life is about. And then we forget—I was made for something else.”—Chanel Dokun “There is no one like you for a reason.”—Chanel Dokun Links: Chanel Dokun's website: https://chaneldokun.com/ Chanel Dokun's book, Life Starts Now: https://chaneldokun.com/lifestartsnow God Hears Her website: https://www.godhearsher.org/ God Hears Her newsletter sign-up: https://www.godhearsher.org/signup Subscribe on iTunes! https://podcasts.apple.com/us/podcast/god-hears-her-podcast/id1511046507?utm_source=applemusic&utm_medium=godhearsher&utm_campaign=podcast Elisa's Instagram: https://www.instagram.com/elisamorganauthor/ Eryn's Instagram: https://www.instagram.com/eryneddy/ Chanel's Instagram: https://www.instagram.com/chanel.dokun/ MB01HJHCOBVYRI7
Chanel Dokun is the author of Life Starts Now: How to Create the Life You've Been Waiting For. She is a certified Life Planner and Relationship Expert trained in Marriage and Family Therapy. Chanel specializes in helping people step into their life's true calling through her Women of Consequence life planning organization. Prior to running her own business and co-founding a therapy practice, called Healthy Minds NYC, she worked in publishing at Hearst Magazines. She now splits her time between New York City and Atlanta with her psychiatrist husband and two children. Chanel's writing and contributions have appeared in media such as the Good Morning America, The New York Times, Real Simple, Woman's Day, Essence, Moneyish, Christianity Today, and Relevant Magazine. LISTEN TO THIS EPISODE IF: You want to insights into how to tap into your purpose You desire to have more impact and influence You want to be a woman of consequence You want to step into your life's true calling You love a fun interview jam-packed with practical tips You can learn more about Chanel: Instagram: @chanel.dokun www.chaneldokun.com
Welcome to this episode of our podcast, where we explore strategies for organizing the details of your life with Lynn Lambrecht. In this episode, Lynn shares her expertise on how to become more proactive in planning and organizing your life with her life planner. Lynn discusses what motivated her to create the life planner and the benefits of using a tool like this to stay organized and focused. She also addresses common misconceptions about being proactive when it comes to planning and offers valuable insights on how to overcome these misconceptions. If you're someone who feels overwhelmed by the thought of organizing the details of your life, Lynn offers practical tips on how to get started. She emphasizes the importance of setting clear goals, identifying priorities, and breaking down tasks into manageable steps. Join us in this conversation as we dive into the world of life planning and learn how to take control of your life by organizing the details with Lynn Lambrecht. Connect with Lynn Lambrecht: https://thelivingplanner.com/ e-Course-Clear Your Desk, Clear Your Mind: https://www.udemy.com/course/clear-your-desk-clear-your-mind/?referralCode=0DD419607B4412066F49 Organizing Resources: Janet's Amazon Organizing Products Picks : https://www.amazon.com/shop/organizerjanet Affiliate Partners: Audible: Get a FREE eBook and FREE 30-day trial from Audible www.audibletrial.com/doDBNy Ways You Can Support Our Podcast: Individuals: https://www.buymeacoffee.com/GCGOwithJanet Businesses: https://www.shoutparty.com/shop/p/got-clutter-get-organized-with-janet Connect with Janet: Schedule a FREE 15 Minute consultation: https://janetmtaylor.trafft.com/services/15-minute-session-with-janet Facebook Group: https://www.facebook.com/groups/livinglifetotallyorganized Social Media Platforms: YouTube: https://www.youtube.com/janetmtaylor Instagram: https://www.instagram.com/janettheorganizer/ Pinterest: https://www.pinterest.com/janetmtaylor/ TikTok: https://www.tiktok.com/@janettheorganizer?lang=en --- Send in a voice message: https://podcasters.spotify.com/pod/show/janetmtaylor/message
Click HERE To Read How to 5X Your Farm Sales and Sign Up This week you saw me coach clients on raising their prices and reaching a goal of selling out on their Farm to Table dinner tickets. You saw me rewrite a sales email that previously was not making sales. Mindset coaching is the key difference in why some farmers get to success, but most don't. Your farm's income and success will never outpace your personal growth. 5X Your Farm Sales is the personal development program overworked and underpaid farmers everywhere are using to reach the success they never imagined possible. And, it's here for you, too. We do this kind of coaching EVERY week inside the coaching program. The farmers I'm giving feedback to each week are selling out in ONE email what used to take them months. They're selling more in ONE WEEK than they used to sell the whole season. They're raising their prices to make a 40%+ profit finally. Join Now and Begin 5X'ing Your Farm Sales AND Your Life All because they're committing to doing the work of working on their mindset and their marketing for one year. Not only are they making more money, they experience this: No longer feeling burned out Working reasonable hours Setting firm boundaries Making daily time for themselves Feeling present with their family every day You've got to know, though, 5X'ing your farm sales is not all about the money. It never is. Yes, money solves a lot of immediate problems. We solve those for sure! But then, 5X'ing their farm sales becomes about so much more. Paid off mortgages. Husbands and wives able to quit day-jobs and be home full-time on the farm. Healed marriages. Healed relationships with parents and in-laws and kids. No more juggling bills each month because there's always enough in the bank. Finally taking a family getaway during the busiest months of summer… with NO guilt. And more. INFINITELY more. The average person will 5X their sales. Some less, some more, depending on how committed you are to the coaching. And then you find – The more profit your farm makes, the more you are able to do for your community, your family, and yourself. It's the difference between being stuck at the computer trying to make the numbers work and being able to hire and help a bookkeeper make a living so you can improve the soil. It's about working hard and seeing your customers have better health and better lives because of your farm products. It's about having time for yourself again and having more time with your family, instead of constantly working and worrying about being able to pay the bills. And I know you're no stranger to hard work, so if you're willing to put in the effort to make these outcomes happen for you, sign up for my program, 5x Your Farm Sales Coaching Program for Farmers. Inside, you'll get one year of: Advanced Marketing Strategies for your specific marketing pieces. Focused feedback every week. Learn the 5-Day Focused Sales Launch Access to three of my best courses designed to help stop the overwhelm, structure your farm for profit, and increase your sales Access to a Facebook group where you'll meet and learn with fellow farmers on the same path as you Weekly group coaching with me where you can bring any problem, marketing, business, or life challenges, that comes up for you along the way and be supported in your growth The latest bonus – a 5X Your Farm and Life Planner is included with your membership.
Today we speak with Chanel Dokun. Chanel is an Author, Life Planner, and Relationship Expert trained in Marriage and Family Therapy. Through her speaking engagements and coaching practice, she helps women get clarity on their life purpose so they can unlock their potential and build a life they love. Her first book, Life Starts Now: How to Create the Life You've Been Waiting For, is now available wherever books are sold. Chanel has also been featured on Good Morning America and in The New York Times, Real Simple, Essence, and more. To learn more visit: https://chaneldokun.com or visit instagram @chanel.dokun If you would like to work with us and receive a free health coaching consultation-- get in touch at courageouswellness.net or email aly@courageouswellness.net or erica@courageouswellness.net Don't forget to subscribe, rate, and review Courageous Wellness! We release new episodes each #WellnessWednesday You can also follow us on instagram @CourageousWellness and visit our website: www.courageouswellness.net to get in touch. This episode is brought to you by Odyssey Mushroom Elixir. To shop and save 20% on your first case to support energy, mood, and focus visit: https://odysseyelixir.com and use code CWPodcast at checkout. This episode is brought to you by Milk+Honey. To receive 20% off your purchase visit www.milkandhoney.com and use code: CWPODCAST (all one word) at checkout! Milk+Honey is a line of non-toxic, effective, and safe bath, body, and skincare products made in small batches in Austin, Texas. You can also save 20% on all spa treatments at Milk+Honey Spa locations in Los Angeles, Chicago, Texas, Miami and get a special rate on a curated Courageous Wellness Retreat Spa Package that includes a 60 minute massage and dry brushing. Book over the phone or online and visit: milkandhoneyspa.com Shop Vintners Daughter + Get 2-Day Free Shipping Meet NED: You can receive 15% off our favorite Ned CBD products, including the Hormone Balance Blend and the Full Spectrum Hemp Oil, go to www.helloned.com and enter the code CWPODCAST at checkout We are so excited to partner with Seed! You can save 15% on Seed Synbiotic by using code: courageous15 at checkout. Head to www.seed.com to learn more. Save 20% on Sakara clean boutique and meal delivery with code: xocourageous at checkout! Are you interested in becoming a health coach or furthering your nutrition education? We loved our program at the Institute for Integrative Nutrition and are happy to offer our listeners a discount on tuition! To receive up to $2000 off tuition (for payments in full and $1000 off tuition for payment plans) you can use our name Aly French or Erica Stein when you enroll. To learn more you can also take a Sample Class, check out the Curriculum Guide, or visit the application page to enroll. This Episode is Sponsored by Sprout Living. To Save 20% on Our Favorite Plant Based Protein Powders by Sprout Living visit: http://www.sproutliving.com and use code CWPodcast at checkout.
E141 - Noelle Peterson - Author of The Dream Life Planner and Coach for A New Course and Community for WomenNoelle is a powerhouse of strength and enthusiasm. She has made it her life's mission to help women realize their individual purpose and discover the power they hold within themselves. She is passionate about inspiring women to take charge of their lives and embrace their unique gifts.From leading workshops to teaching courses, Noelle has helped countless women unlock true prosperity through uncovering what they were truly meant to do with their lives. Noelle will be speaking to your women's group about how to draw upon inner strength and uncover purpose in order to empower one another for greater success.The Book: Dream Life Planner: Move From Tired and Overwhelmed to Free and Empoweredhttps://www.addvalue2life.com/womenhttps://livingthenextchapter.com/A podcast is an excellent business card for your book, coaching program or business! Build a community away from the rented land of social media - speak directly to your community and position yourself as the expert that you truly are!Take your passion to the next level - let us help you start and grow your podcast! Podcasts work. Visit https://truemediasolutions.ca/Dave's Audio Book Recommendation for Spring 2023Storyworthy: Engage, Teach, Persuade, and Change Your Life Through the Power of Storytelling A five-time Moth Grand SLAM winner and bestselling novelist shows how to tell a great story - and why doing so matters. Whether we realize it or not, we are always telling stories. On a first date or job interview, at a sales presentation or therapy appointment, with family or friends, we are constantly narrating events and interpreting emotions and actions. In this compelling book, storyteller extraordinaire Matthew Dicks presents wonderfully straightforward and engaging tips and techniques for constructing, telling, and polishing stories that will hold the attention of your audience (no matter how big or small). He shows that anyone can learn to be an appealing storyteller, that everyone has something “storyworthy” to express, and, perhaps most important, that the act of creating and telling a tale is a powerful way of understanding and enhancing your own life.Dave's Affiliate Link - Support our show by clicking the link belowUS Audible LinkCanadian Audible LinkUK Audible LinkSupport the show!...
In our first episode of the new year, we had the great joy of sitting down with returning guest and friend Chanel Dokun. Chanel is a certified Life Planner, Relationship Expert, and author of the newly released Life Starts Now: How to Create the Life You've Been Waiting For. As the founder of Women of Consequence, she helps women get clarity on their life purpose so they can unlock their full potential and build a life they love. Prior to running her own business and launching a therapy practice in Manhattan, she worked in publishing at Hearst Magazines. In this interview, Chanel gets real about what it takes to find the courage to be like no one else, as well how to identify and transform the common hidden beliefs that hold women back. She gives insight into how to start your day off right, and how to discover your own unique genius. Plus, she speaks candidly about failure and why it's an essential part of discovering and living the life we want. We absolutely loved this interview! We know it will give you the tools you need to take some big steps forward in your hopes and dreams for this new year and beyond.
Update the planner is officially available on Amazon & live for you! https://www.amazon.com/dp/B0BPG7SM8B?ref_=pe_3052080_397514860 & OKAY, I was close but the scripture I quoted her was actually 1 Corinthians 10:31 not 10:13, just wanted to first correct myself there. But, GAHHHHH!!! I'm so beyond excited that I get the blessing of sharing this planner, devotional, and fitness planner with you!!! This project God placed on my heart a little while back and again as usual lol I started to question Him on it. I thought maybe it'd take me about a year or so to complete butttt sister the last couple months God provided the time, resources, and energy to complete it already!!! As I'm recording this episode it's not even for sure published to amazon as it's just going through the 72-hour review process before they can officially make it accessible for you. However, even if it doesn't get approved for publishing, I KNOW without a doubt that Gods going to make it possible to get to YOU in some way because it was created in HIS mission and vision through me to help women make Him the focus of everything they do and help them alongside their journeys in honoring their temples! In this episode I break it all down and share with you what exactly the purpose & mission of the planner is and how to use it! I can't wait until this is approved so I can get it to you! Be sure to stay connected to me on facebook at Kelsey Combs, IG at Kelseymarie.combs, and Tiktok at Kelsmarie_combs to see more about the planner and when officially released so you can get access! --- Send in a voice message: https://podcasters.spotify.com/pod/show/kelsey-combs/message
We are joined today by Author, Life Planner, and Relationship Expert, Chanel Dokun. Chanel shares so much wisdom to help prevent women from felling like they missed out on their own life. In this episode, we will dive into daily liturgies, thriving vs. striving, life purpose, and so much more. Get a copy of Life Starts Now Chanel's Website | Reclaim the Morning
Welcome to the 100th episode of Tony Talks Wealth! Listen to Tony talk to wealth experts from many of his recently published podcasts and share their wisdom on the question that Tony asks all his guests ; What does wealth mean to you? Sign Up Now For These Exclusive Podcasts and MORE Tony Talks Wealth Content at https://www.patreon.com/TTWealth GUESTS Steve Conley Bev Jones Kristina Wise Fanny Snaith Angel Ribo Jim Meulhhausen Rick Heyland Joseph Wilkins Dr Clemen Chiangmai EA Csolkovits BEST MOMENTS‘The three kinds of wealth, financial wealth, health, and social wealth. Entrepreneurs are terrible about two of those three! They are! They work too much, they don't have work-life balance.'‘Work hard is the secret ingredient that surpasses everything from your I.Q. to your E.Q. to your family background if you are willing to work hard.' ‘It's balanced and successful in all areas of my life and focusing on the most important things, whether it be spiritual, my health and fitness, my relationships or my work and finances. Those are the four buckets that I generally think about.' ‘I am a multi-millionaire when it comes to my life. Really, I am. When it comes to the most amazing family, the most amazing friends. I'm so fortunate that I've got good health, and my family has got good health.VALUABLE RESOURCESTony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOSTTony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow”CONTACT METHODTony's official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Individual Savings Accounts (ISA) are a great way of saving and minimising the amount of tax you have to pay on your investment returns. Tony talks about the different kinds, how they work and how they can benefit you and your Investment Plan.KEY TAKEAWAYS Some ISA's give you instant access to your money and can be used to plan your finances in the short term. You can also invest in an ISA for the future. If you are a UK resident over the age of 18 you can open up one of each kind of ISA over the tax year. Cash ISAs do not invest in the stock market and the investment relies on interest rates. It can act as an emergency access fund for expenses. Stocks and Shares ISAs is a tax efficient investment that allows you to invest your money in shares, government bonds or property with the assurance that you won't pay any capital gains tax or income tax on the proceeds. The Innovative Finance ISA. It allows you to lend money through peer to peer lending platforms to allow you to receive tax free interest and capital gains. BEST MOMENTS‘In the current tax year 2022/23 you can put £20,000 into your tax efficient ISA before the end of the financial year on the 5th April.'‘The main factors to consider when choosing between a cash ISA and a stocks and shares ISA are the length of time you'll be saving or investing.' ‘Peer to peer lending is a higher risk form of investing and your capital is completely at risk as there is no protection from the Financial Services Compensation Scheme.' VALUABLE RESOURCESTony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOSTTony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow”CONTACTTony's official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Risk tolerance is one of the biggest factors in your investment decision process. Tony talks about how to decide how much risk to take depending on your circumstances, goals and individual comfort level when it comes to risk.KEY TAKEAWAYS Consider how you would feel if your investments lost money in the short term. If this makes you anxious, you may be significantly risk averse. If you are comfortable with this circumstance, however, you may be able to take on more risk. Understanding if you are comfortable with volatility or stability and slower growth will help you decide which investments to make and over what time period. There is no such thing as a no risk investment but manage it by diversifying over the long term. BEST MOMENTS‘Your potential returns available from different kinds of investment and the risk involved change over time as a result of economic, political and regulatory developments.' ‘Volatility is a measure of how much prices fluctuate over time. Investments that are more volatile have bigger ups and downs in value, while less volatile investments will have slower steadier price increases.'‘An interest rate risk is a particular risk for bond holders. We all have our own individual risk tolerance, and it's important to establish what that is.'VALUABLE RESOURCESTony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOSTTony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow”CONTACTTony's official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Investing can be a very complicated and confusing process, especially for those who are new to it. There are so many options and strategies out there and it can be difficult to know where to start. Having a clear understanding of what you are hoping to achieve and your current finances is essential before you start to decide how you are to move forward toward your goal. Tony talks about how you can achieve this. KEY TAKEAWAYS Cash Flow Modelling (CFM) is a powerful tool that can help you take control of your finances and move toward your investment objectives. With CFM you can clearly understand your financial situation, identify any areas where you may be overspending, discover opportunities to save, make more informed decisions about investments and set realistic goals. CFM provides a detailed picture of your investments, debts, income and expenditure. This system creates different scenarios based on future decisions you may make and illustrates the effect they will have on your finances. You will need periodic checks to ensure that your plan is on track and make any necessary alterations. BEST MOMENTS ‘By creating a model of your income and expenditure you can see exactly where your money is going and make informed decisions on how best to manage your resources.' ‘The process shows your current position relative to your preferred position and your goals by assessing your current and forecast wealth along with income inflows and expenditure outflow.' ‘A snapshot in time is taken of your finances with calculated rates of growth, income, tax and so on.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, and Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedInSee omnystudio.com/listener for privacy information.
My guest this week is Chanel Dokun, an author, life planner, and relationship expert trained in marriage and family therapy. Through her speaking and coaching, women get clarity on their life purpose so they can unlock their potential and build a life they love. In addition to working with clients one-on-one, Chanel is the co-founder of Healthy Minds NYC, a thriving group therapy practice in Manhattan. Prior to her work in mental healthcare and coaching, she worked in publishing at Hearst Magazines. Her first book, Life Starts Now: How to Create the Life You've Been Waiting For, releases Fall 2022. 2:48 – Chanel 101 She loves drinking honey lavender lattes, volunteering with local entrepreneur organizations, and spending time with her family. When she's not working, she splits her time between New York City and Atlanta with her psychiatrist husband and son. 9:51 – Finding life purpose People take themselves too seriously, and we put too much pressure on ourselves to figure everything out. There's more joy, uncertainty and discovery when you take the pressure off yourself. Three questions to ask yourself: Who am I? Where am I headed? How am I going to get there? 12:47 – Living from the outside in People are intent on living from the outside in. We have so many voices. We are so connected, and it feels like we are pressured to conform to a particular way of living. We take on other people's voices as their own. Women, in particular, are looking at external reference points. We need to shift from that place that often leads to us getting things we don't want or aren't satisfying. 22:02 – Standing in your own identity Chanel nearly drowned in shallow water as a child and finally figured out she could stand up and save herself. In women's lives, they often feel like they're drowning and failing in life even though from the outside everything seems good. You need to stand in your own identity 37:32 – Reclaim your morning Do a morning dump and figure out what's plaguing you. Then have a clean slate to start your day. We tend to pile everybody else's needs and expectations on ourselves. 41:35 – Get to know you Strangest pet peeve? When people text her. Memorable or impactful experience? Taking her son to see her book in a bookstore. FEATURED QUOTES Who am I? What do I do well? What are my gifts? Where am I going with my life, and how am I going to get there? People take themselves too seriously. People are intent on living from the outside in. We have so many voices. We are so connected, and it feels like we are pressured to conform to a particular way of living. CONNECT: https://chaneldokun.com/ https://chaneldokun.com/lifestartsnow About Chanel: Chanel Dokun is the author of Life Starts Now: How to Create the Life You've Been Waiting For. She is a certified Life Planner and Relationship Expert trained in Marriage and Family Therapy. Chanel specializes in helping women step into their life's true calling through her Women of Consequence life planning organization. Prior to running her own business and co-founding a therapy practice, called Healthy Minds NYC, she worked in publishing at Hearst Magazines. She now splits her time between New York City and Atlanta with her psychiatrist husband and son. Chanel's writing and contributions have appeared in publications such as the New York Times, Real Simple, Woman's Day, Essence, Moneyish, Christianity Today, and Relevant Magazine. Thank you to our partners of the show! Are you looking to clean up your household cleaning products this year? MamaSuds would like to help! The best way is to simply start with one product. Every time you run out of a specific cleaning product, replace it with a non-toxic one. Another tip, purchase a product that has multiple uses. The MamaSuds Collection has many multiple use products (castile soap or the toilet bombs are just a few!). Their blog has lots of great tips and a castile soap recipe that you can print and make a lot of your own effective cleaners! Give them a try at www.mamasuds.com and don't forget to use the coupon code MOLLY for 15% off your order! I'd like to thank our other partner of the show and that's Tradlands. Tradlands is an INCREDIBLE sustainable fashion brand that believes in clothing that you can live in NOW and love forever. Clothing that not only makes you feel like your best self, but also fits in a way that flatters. Their gorgeous dresses, pants, tops, and more are designed to move with you throughout your busy days. Their Nico dress is my dress in a love language —not only does it have sleeves, but also POCKETS and you know how I feel about dresses with pockets. I love how comfortable and stylish each piece - and they come in colors like classic neutrals or vibrant hues. One of the things I love most about Tradlands is their focus on sustainability and creating small batch clothing that lasts… they never over produce what they make and focus on only the highest quality materials. And you know how much I love supporting small businesses, too. Check them out at https://tradlands.com/businesswithpurpose and use the code MOLLY20 for 20% off!
Goals based investing is a great way to make wise financial decisions when you are overwhelmed by the choice in investment options. Tony talks about how to navigate the myriad of investment products available today by clarifying what you are really aiming for in the future.KEY TAKEAWAYS A variety of financial goals such as retirement, home purchases or saving for a child's education can be specified specifically to make choices on investments. Focus on the long term. You are less likely to make impulsive, short term decisions. Have a disciplined approach to investing to avoid spoiling your progress with spending sprees and costs. When you have a concrete set goal you have increased motivation. Set yourself realistic goals. BEST MOMENTS‘Goals should be clear, concise, detailed and written down because, remember, unwritten goals are just wishes.'‘In order to achieve all of your goals you will need a plan. Starting from assets you already have available, you will need to determine how much more you will need to accumulate and when you will require it.'‘Decide what you want to achieve. This may seem obvious but it is important to take the time to really think about your goals.' ‘Give yourself realistic deadlines.' VALUABLE RESOURCESTony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOSTTony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow”CONTACTTony's official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Tony talks about how to make the most of your pension pot so you can get back to dreaming about your retirement and not dreading it. Many people are feeling financial pressure at the moment, and it can be difficult to consider the future, but even with current conditions there are ways you can maximise your pension opportunities. KEY TAKEAWAYS When offered the opportunity to join a workplace pension it is always a good idea to do so due to the contributions they make. You also get extra money from the government in your tax payments on any contributions you make. The state pension will not cover everything. Keep on track of all your pension plans. It is important to have a retirement lifestyle in mind so you have an idea of how much money you will require. BEST MOMENTS ‘Your employer's contribution on top of that which at the very least must be equivalent to three percent of your earnings.' ‘Each time you defer paying into a pension plan you miss out on the extra boost of tax relief from the government.' ‘It's important to remember that the state pension won't be available until your late sixties.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
The key to a robust retirement is having a good idea of the plans that you have for when you reach your chosen age. To keep up your lifestyle in your golden years you need to be sure of your pension and financial situation. Tony talks about what you need to know when working on your future. KEY TAKEAWAYS Retain a professional Financial Advisor to achieve the retirement that you want. Currently only half of those with assets over £100,000 to £500,000 excluding property are planning to take professional financial advice. BEST MOMENTS ‘With so much going on in your life, from family and work, to pursuing your passion, retirement planning may not have been your priority, but now you want to make sure your pension and overall financial situation will allow you to keep up your current lifestyle and enjoy your golden years.' ‘Only 39% of pension holders are planning on taking financial advice when they retire, with 31% planning a do-it-yourself retirement.' ‘These are just a few of the questions your professional Financial Advisor will be able to help you with.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Tony talks about the erosion that occurs in your savings with the current inflation rates and how you can benefit from tax relief in the coming year. KEY TAKEAWAYS Tax efficiency is a key consideration when investing because it can make such an enormous difference to your wealth and quality of life. One way to avoid tax is to contribute to an individual savings account (ISA) and take advantage of up to £20,000 tax free with a stocks and shares ISA. A cash ISA allows you to earn interest on your savings without having to pay any tax on interest earned. Junior ISA are for those under 18 without a trust fund account. Up to £9000 can be put in a Junior ISA and can be used for a wide range of purposes such as education or training costs. BEST MOMENTS ‘The type of investment and tax efficiency that you should be looking at will depend firstly on whether your priority is to save a lump sum for the future or to draw an income today.' ‘Not only will your investment grow tax efficiently, you'll also benefit from the potential for capital gains. ‘Another option is a Lifetime ISA or LISA. If you are looking to save for retirement or to buy your first home you may also want to consider opening a LISA. With a LISA you can save up to £4000 in the current tax year. The government will add out to 25% to any savings held in a LISA up to a maximum of £1000 a year.' ‘If you earn over £100,000 making personal pension contributions can be highly advantageous.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
In this episode Tony talks about the difference between individuals' personal plans towards retirement and some of the extra challenges previous generations of savers never had to worry about. KEY TAKEAWAYS Life expectancy is longer than ever before which means you need your money to last much longer. More companies are moving away from Defined Benefit Pensions which guarantee you a certain amount of money in your retirement. Defined Contribution Plans are much more subject to the ups and downs of the market. A mixture of various investments further individualises many peoples approach to retirement planning. Six tips to consider using if you have a Money purchase Pension or Defined Contribution Pension are ; use pay rises as an excuse to pay more. Pay in more when a regular spend ends. Maximise any possible employer contributions. Invest any lump sums you receive. Put off breaking into your pension pot. Be cautious about your investment choices. BEST MOMENTS ‘One question I get asked every single day is how much money will I actually need when I eventually retire?' ‘Some people are unprepared for retirement due to high debt levels at the end of their working lives, or because they were not saving enough during their lifetime.' ‘Being aware of the options available to you can help you prepare for your future in an effective way.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Tony talks about the requirements of withdrawing your pension and the five things you need to carefully consider before doing so. Currently you can access your pension from the age of 55, changing soon to 57 unless you have a protected pension age, so if you are approaching these birthdays it's worth checking out Tony's advice. KEY TAKEAWAYS Pension Freedoms. Consider your pensions accessibility arrangements. Savings Requirements. How much will you need each month to maintain your lifestyle? Future costs. You need to consider care needs and inheritance planning. Health and Life Expectancy of both you and your partner. Obtain professional advice to make sense of the complications of the financial decisions of retirement. BEST MOMENTS ‘There's a lot to think about when you withdraw money from your pensions because it's a huge decision as it has major implications on how long that money lasts for throughout your retirement.' ‘We often vastly underestimated this but evidence shows that we are mostly living longer.' ‘How long will I need my money to last? How long do I want to keep working? How much tax might I pay?' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
With many people living longer expectations of retirement are being reshaped and there is no longer a one size fits all approach to retirement planning. Tony talks about the many choices and options available to you in your retirement bearing these changes in mind. KEY TAKEAWAYS It's important to consider loved ones over the course of one's retirement. Find out if your pension will cover your finances throughout your retirement or if you should be investing your savings. Do not leave your retirement planning too late. Find out how much you need to save for your retirement, how do you save on tax efficiently and how do pensions work. BEST MOMENTS ‘To different people, retirement means different things. Retirement offers the gift of time to do the things that matter most.' ‘At this point do you feel confident about retirement? Pensions can seem complex and overwhelming for many.' ‘What happens when we've left the nine to five behind? Whatever retirement looks like to you it's important to make the right plans now.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Many savers believe that inflation will have no impact on their savings or even leave them better off. In this episode Tony spells out the real effect that inflation can have on your savings and what to do about it. KEY TAKEAWAYS The total cost of saver inaction, if inflation continues over the next five years, could amount to 18 billion pounds. Work out how much of your savings you need to put aside for easy access emergency funds. Get the best interest rate you can on your savings. Remember, though, that those rates offered can drop dramatically over time, so always keep an eye and be prepared to switch when necessary. Think about investing your money or topping up your pension to beat inflation. BEST MOMENTS ‘More than half of all cash savers don't understand what impact inflation will have on the real value of their cash savings over time.' ‘As a rule of thumb, aim to cover your essential expenses for between three to six months.' ‘The key thing to remember is that investing is for the long term.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Investing is one of the most important things you can do to secure your financial future. Tony shares the10 principles that should be applied when choosing and managing your investments. KEY TAKEAWAYS Set investment goals. Plan on living a long time and saving more for it. Cash is rarely king, inflation can erode your purchasing power. Start early and reinvest investment income. Be realistic about your objectives and what you can achieve when it comes to choosing risk. Market volatility is normal. Timing the market is difficult. Stay long term. Diversify your investments. Review your portfolio regularly. If it seems too good to be true, it usually will be. BEST MOMENTS ‘You have the peace of mind in knowing that you have everything you need to do to invest with confidence.' ‘The higher the potential return the higher the risk involved.' ‘Promises of high returns with little or no risk are always too good to be true.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
So when is the right time to retire? There's no one size fits all answer to this question, because it very much depends on your personal circumstances. However, there are a few things to consider that may help you to decide when the time is right for you. Tony details what information and circumstances you should be looking out for to know the right time has arrived. KEY TAKEAWAYS Do you have enough saved up to provide for yourself in retirement? If not, you may need to work longer to ensure a comfortable retirement. Good health means you will be able to enjoy a longer retirement, however poor health will mean retiring sooner in order to enjoy your retirement while you are still in good health. Inflation is an important factor to consider for retirement. Rising prices can quickly begin to eat into your savings. Consider when you want to retire and what kind of lifestyle you want after retirement. One way to find out if you have sufficient finance to create a suitable lifestyle after retirement is to create a retirement cash flow. This shows how much income you can expect to receive from various sources. BEST MOMENTS ‘Do you enjoy your job or work? If not, you may be ready to retire sooner. On the other hand, if you love your job or what you do, you may want to keep working even after you reach retirement age.' ‘Inflation can also cause your living expenses to go up and this can lead to a reduction in your standard of living. Clearly high inflation can make it harder to save for your retirement.' ‘What is your attitude to investment risk because when it comes to investing there is always some element of risk involved. It's important to understand your own attitude towards risk before making any investment decisions.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth The TT Wealth July & August Newsletter Bundle This podcast was brought to you by Progressive Media, for more information on how to start, grow and monetise your podcast head over to the training at https://bit.ly/poa3073 ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/ Book a Call: https://calendly.com/ttwealth/30min?month=2022-07See omnystudio.com/listener for privacy information.
When investing, market volatility can often cause rash decisions that can often be unnecessary and harm your long term outlook while trying to achieve short term peace of mind. This is why it's important to take a 10 year or more view to enable cool-headed rational responses to sharp financial movement in either direction. KEY TAKEAWAYS Trying to second guess events and make bets on them rarely pays off and deters many from investing. A safe option for risk averse investors to undertake is to save regular amounts which enables the avoidance of trying to second guess market movements. This is Pound Cost Averaging. Rather than a single, risky lump sum investment you drip feed investments over a longer period effectively reducing the risk of loss by minimising the size of the investment at any one time. Any negative event will not influence large amounts of your money. BEST MOMENTS ‘Do you invest it all at once or bit by bit and will soaring inflation, rising interest rates and further supply chain disruptions or fuel market volatility impact on your lump sum investments?' ‘Past performance is not a guide to what might happen in the future and the value of your investments may go down as well as up.' ‘As an individual investor it is likely that you will find it almost impossible to make money through market timing. Even professionals struggle to do this.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth The TT Wealth July & August Newsletter Bundle This podcast was brought to you by Progressive Media, for more information on how to start, grow and monetise your podcast head over to the training at https://bit.ly/poa3073 ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/ Book a Call: https://calendly.com/ttwealth/30min?month=2022-07See omnystudio.com/listener for privacy information.
Tony explains the six key principles to ensuring your financial prosperity for a secure future. Understanding your targets, preferred investment types and tolerated risk level is essential before you embark on a well rounded investment plan, but what should you keep in mind as you move forward towards your goals? KEY TAKEAWAYS Have a strategy and stick to it. Think twice before putting all of your money in cash. Diversify and consider your investments as a whole. Invest as early as you can. Resist activity bias, the urge to do something in a crisis. There is no substitute for a strategy that is tailored specifically for you. BEST MOMENTS ‘If you are new to investing, knowing where to start can be a daunting task. The reality is that people should start saving and investing as early as possible.' ‘Investors and retirees looking for reassurance during challenging stock market times can take heart in these time tested investment principles.' ‘Every single investors needs are different. A professional financial advisor can help you take the emotion out of investing and provide an objective view.' VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
We know that rising inflation and increases in taxes are set to leave millions worse off in 2022 and beyond. Households are already grappling with the worst cost of living crisis in a generation. Budgets have been further squeezed by a raft of price and tax rises, and inflation is the highest it has been for 30 years. Tony offers ten tips to help you manage through this difficult period. KEY TAKEAWAYS Save money on your energy bills. If you are finding budgeting for energy bills difficult consult your energy provider or a debt advice charity. Check out how to cut your energy use. Try using a petrol price checker site to ensure you always buy your fuel from the cheapest source. Change your driving style to avoid hard acceleration and high speeds to reduce your consumption. Plan your meals for a week and stick to it to avoid unnecessary impulse purchases. Check if you would save money if switching to a water meter. You can pay a lower Council Tax if you live alone and if you are in receipt of certain benefits or on a low income you can gain a reduction of up to 100%. Review your bank statements and credit card bills to ensure you are aware of all your outgoings and cut out unnecessary spending. Draw up a monthly budget. If you are paying high interest rates on your cards or loans then consolidate. BEST MOMENTS ‘The government website which is simply “Energy Advice” has tips on how to keep your energy bills down so that's worth checking out.' ‘You can use The Consumer Council For Waters calculator and if you are on certain benefits and have a large family or someone with a particular medical condition you may qualify for the Water Sure Scheme, which caps water bills.' ‘Check if your are entitled to state benefits. Billions of pounds of state benefits go unclaimed each year and you could be missing out. The national charity “Turn 2 Us” has a free and confidential benefits calculator on its website.' VALUABLE RESOURCES Government Energy Saving Advice https://www.simpleenergyadvice.org.uk/ Fuel Price Checker https://www.petrolprices.com/ Water Sure Scheme https://www.citizensadvice.org.uk/consumer/water/water-supply/problems-with-paying-your-water-bill/watersure-scheme-help-with-paying-water-bills/ Turn 2 Us Benefits Calculator https://benefits-calculator.turn2us.org.uk/ Money Helper Budget Planner https://www.moneyhelper.org.uk/en/everyday-money/budgeting/budget-planner Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony's official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
For very many couples divorce is a sad outcome, emotionally and financially. However, there are many things you can do to make the process easier should this unfortunate situation occur. KEY TAKEAWAYS Since April 2022 a ‘no fault’ divorce came into effect in England and Wales. This finally removes a need for blame as a basis for divorce. The respondent to a divorce is also no longer able to contest it. Seek legal and separate financial advice immediately. A Financial Consultant can consolidate all your finances so any legal decisions on advice can be taken with accurate information. Cancel any financial commitments in joint names immediately including credit cards, joint accounts, loans and even overdrafts. In England, Wales and Northern Ireland the total value of the pensions you have each built up is taken into account excluding the basic state pension. In Scotland only the pensions you have accrued during your marriage or civil partnership are applied. BEST MOMENTS ‘Keeping a level head to negotiate a fair financial settlement is absolutely vital.’ ‘You will need to draw up a list of assets that are first and second homes, pension pots, investments, value of any businesses etc, etc.’ ‘Normally anything built up before you were married or after your date of separation does not count.’ VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
There are many factors that can influence when someone decides to retire, which Tony will explore in more detail in this episode. For some, it might be based on health reasons, while others may want to take advantage of government benefits or simply enjoy a more relaxed lifestyle. However one of the most common factors that determines when people choose to retire is definitely their age. So with that in mind, what is the most popular age to retire early? KEY TAKEAWAYS The most popular age currently to choose to retire is 60. More than half of early retirees report a boost to their mental wellbeing, however nearly half report a drop in their financial situation. Financial factors such as a career based company pension, paying off a mortgage or substantial savings convince someone to embrace early retirement. BEST MOMENTS ‘Another key factor is wanting to enjoy more freedom and 1 in 4 of us are planning to celebrate our 60th birthdays by leaving work behind.’ ‘Women are the most likely to have felt a negative financial impact from retiring early.’ ‘Money worries are one of the biggest factors resulting in people returning to work.’ VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
In the last in his series on estate planning Tony explains the use of Lifetime Transfers to decrease the eventual tax liability left to your inheritors by giving away funds before your passing. However, there are still liabilities payable depending on when you pass. KEY TAKEAWAYS Inheritance tax exemptions can be achieved by means of making certain exempt transfers which apply in a number of cases, including wedding gifts, life insurance premiums, gifts to your family and charitable giving. If appropriate, you can transfer some of your assets while you're alive. Gifts to a spouse, for example, are fully exempt so are not subject to inheritance tax. Where a potentially exempt transfer fails to satisfy the conditions to remain exempt, because the person who made the gift died within seven years, it’s value will form part of their estate. For survival for between three and seven years, taper relief at the following rates are available ; in the first three years, there is no reduction, and between three and four years, there's a 20% reduction. Within four to five years it's 40% and five to six years its 60%. Between six and seven years is 80%. BEST MOMENTS ‘Potentially exempt transfers are lifetime gifts made to a individuals which includes gifts to bare trusts.’ ‘The inheritance tax due on the potentially exempt transfers is deducted from the total inheritance tax bill and the estate is liable for the balance.’ ‘The inheritance tax difference can be calculated and covered by a level or decreasing policy written in an appropriate trust.’ VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
In this episode Tony continues further on his estate planning series with an explanation of the lasting power of attorney (LPA). These agreements allow individuals to make decisions that can effect them in the unfortunate event that they are incapacitated from making those decisions themselves. KEY TAKEAWAYS An individual can create an LPA covering all their affairs or just their health and welfare. At the point the appointed attorney believes their donor is losing their mental capacity they must apply to The Office of Public Guardian to register the LPA to attain continuing authority. A code of practice applies to holders of LPAs including the requirement to keep the grantee's funds separate from their own or anyone else’s. There are strict limits on the gifts that attorneys can make on the donors behalf. BEST MOMENTS ‘It's possible to appoint the same or different attorneys in respect of each lasting power of attorney and both versions contain safeguards against possible misuse.’ ‘Applications for a lasting power of attorney must be accompanied by a certificate confirming the granter understands what they are doing completed by a solicitor or medical practitioner.’ ‘Instructions relate to things the attorney should or shouldn’t do when making decisions. For example, not selling the donor's home unless a doctor states the donor can no longer live independently or a particular dietary requirement could be examples.’ VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Tony continues his series on estate planning with the consideration of making a will. Talking about your death with relatives and professionals is a difficult conversation to have, but it is vital if your wishes are to be respected and enacted upon your passing. KEY TAKEAWAYS Unmarried couples have no right to any of the estate if there is no will. A will is essential to mitigate a potential inheritance tax liability. Where a person dies without a will the distribution of the assets is subject to statutory rules called intestacy. A consequence of intestacy is the estate may have to include benefits to children as well as a spouse or civil partner. Separated spouses still not yet divorced continue to have rights to the deceased estate. If the deceased has no surviving relatives the property goes to the crown. Relatives will usually be expected to be executors and may be unsuited to the role. Jointly owned properties and possessions can be a way of protecting your spouse, allowing them to have access to joint bank accounts, for instance, before the estate is settled. BEST MOMENTS ‘The beneficiaries of the deceased person that they may want to benefit from the estate may be disinherited.’ ‘An unmarried partner doesn’t automatically inherit anything and may need to go to court to claim for a share of the deceased assets.’ ‘There may also be liabilities that may need to be included and taken into account and may include mortgages, could be credit card balances, could be bank overdrafts, could be loans or indeed equity release.’ ‘There is also something called a partial intestacy. This can sometimes happen even when there is a will in place, for example, when a will is not valid or when it is valid but the beneficiaries die before the testator.’ VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Tony continues with his series on inheritance and safeguarding your estate for your family with this episode on why wills and power of attorney agreements can be vital. KEY TAKEAWAYS If you don’t create a will in readiness for your passing your estate could be inherited by someone you had not envisioned taking over your wealth and assets. The Health and Welfare Lasting Power of Attorney allows you to appoint an attorney to make decisions about matters such as your medical care, where you live, your daily routine such as what you eat and what you wear, whom you have contact with and whether you have life sustaining treatment only if you have given express permission. The Property and Financial Affairs Lasting Power of Attorney gives your attorney the power to do things such as buy and sell your property, pay your bills, collect your pension or benefits, and manage your bank accounts. Only 13% of adults have written a living will which is used to provide advanced decisions on refusing medical treatments if you become terminally ill or lose the ability to make decisions for yourself. BEST MOMENTS ‘Worryingly 3 in 5 UK adults have not written a will and that’s research carried out by Canada Life.’ ‘What we need to remember is that a will can provide peace of mind that not only will the correct beneficiaries benefit from an estate distribution, but also that it is done as efficiently as possible at such a difficult time.’ ‘A will can help reduce the amount of Inheritance Tax that might be payable on the value of a property and monies that you leave behind.’ VALUABLE RESOURCES Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
More and more families are becoming subject to Inheritance Tax currently and it has become increasingly important to make plans for this eventuality in balance with your other financial priorities. Tony talks how you can reduce your families Inheritance Tax liability and how the current rules affect you. KEY TAKEAWAYS Inheritance Tax was introduced in 1986 replacing the old Capital Transfer Tax which itself replaced Estate Duty. The Government has frozen the 325k lifetime exemption allowance, which has resulted in inflation eroding this total over time. Money left to spouse or to a registered civil partner will be exempt from Inheritance Tax. Inheritance Tax is payable at 40% on the amount exceeding the exemption allowance threshold. BEST MOMENTS ‘Effective estate preservation planning could save a family a potential inheritance tax bill amounting to hundreds of thousands of pounds.’ ‘Unmarried partners, no matter how longstanding, have no automatic rights under the Inheritance Tax rule.’ ‘In some circumstances Inheritance Tax can also become payable on the lifetime gifts themselves, although gifts made between 3 and 7 years before death could possibly qualify for rate relief which reduces the amount of Inheritance Tax payable.’ VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Continuing with the topic of estate planning, Tony discusses the importance of Intergenerational Wealth Transfer Plans in the current climate of rising net worth and mortality rates. The earlier you put your plan in place the less you will have to give to the tax man in Inheritance Tax. KEY TAKEAWAYS By 2027 it is predicted that wealth transfers will nearly double from £69 billion to £115 billion. Unplanned Inheritance arrangements can cause conflicts that can create rifts within the family. Children may have been expecting to receive a certain amount of money from their parents. Ensure the younger generations are prepared to handle the complications of wealth including the financial management. By making advanced preparations the burden of filing any Inheritance Tax returns can be reduced. BEST MOMENTS ‘For those approaching or already in retirement it’s important to have frank and open conversations with children about expectations.’ ‘Everyone works hard to provide for their family and perhaps even leave them with a legacy. However parents approaching retirement shouldn’t feel that their family is solely reliant on them or that they need to be responsible for their children’s financial situation.’ ‘This type of planning can be extremely complicated and for some people, they may be able to do this for themselves. But for the vast majority, they will need expert advice.’ VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
To keep wealth within your own family, Tony explains how to make suitable plans for how much you can safeguard for the people that you care about on your departure. Inheritance tax can cost families thousands of pounds but there are ways to legally avoid paying this tax. KEY TAKEAWAYS Without making suitable plans your loved ones could face the prospect of paying 40% tax on the value of everything you leave for them above a certain threshold. Estate planning gives you control over what happens to your assets when you pass away. It also ensures that the assets are transferred in an orderly and uncomplicated fashion at a time when complicated financial issues are most unwelcome. Write a will. A will puts you in control of what happens to your assets as well as appointing who is in control of those assets and their distribution after your death. Make a Lasting Power of Attorney. Consider preparing these documents to be ready to put in place should you become incapacitated from managing your own affairs. Plan for Inheritance Tax. Gift assets while you are still alive which you can do up to the value of £325,000. Gift allowances are up to the value of £3000 which cannot be taxed unless you survive 7 years beyond the date of transfer. Wedding gifts are allowable up to £1000 per person, or £2500 for a grandchild and £5000 for a child Consider investment in inheritance tax exempt assets. The Enterprise Investment Scheme gains tax relief via business relief subject to a 2 years holding period. Life insurances kept in trust can avoid inheritance tax by being paid directly to your inheritors rather than your estate with no need for probate. BEST MOMENTS ‘If you pass away and don’t have provisions in place to preserve and protect your assets then your family may end up spending a substantial amount of time and money battling over your wealth.’ ‘The process involves developing a clear plan that details how you would like all of your wealth and property to be distributed after your death.’ ‘In essence you are appointing somebody that you trust who will look after your affairs in your best interests.’ ‘Another option to consider is keeping your wealth within your pensions. A defined contribution pension is normally free of inheritance tax unlike many other investments.’ VALUABLE RESOURCES Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth Wills, Lasting Powers of Attorney, Trust and Estate Planning Specialists - Kinherit ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/ Facebook: https://www.facebook.com/TonyThomas.IFA/ LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
When creating your investment portfolio you should always pay close attention to spreading your savings to achieve diversity and spread your risk. In this episode Tony talks about why and how you should make this happen. KEY TAKEAWAYS A diversified portfolio manages your exposure to market volatility. Managers manage the mix of investments at different levels, from high risk profiles to low, depending on market conditions. Asset allocation means deciding how to spread your money across different asset classes including equities, bonds, property and cash among many others. Bonds are essentially I.O.U.s issued by governments in return for an investment subject to a pre-agreed regular return for a fixed term. Higher risk bond issuers will have to offer higher returns to attract buyers, lower risk offers peace of mind to those with a more risk averse mindset. When investing in shares, understanding the cause and effect of fluctuations is important. Higher profits will result in higher share prices and increased dividends, whereas sustained losses can place the business or dividend in jeopardy. BEST MOMENTS ‘When trying to navigate the ups and downs of the market returns, investors seem to naturally want to jump in at the low and cash out at the highs.’ ‘Geographical factors such as local economic growth, interest rates and the political background will also affect the weighting between markets within equities and bonds.’ ‘As long as the issuer is still solvent at the time the bond matures, the investor will get back the initial investment of the bond.’ ‘Companies perform best in an environment of healthy economic growth, modest inflation and low interest rates. A poor outlook for growth could suggest waning demand for the company's products or services.’ VALUABLE RESOURCES Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff Savings calculator - Free Savings Calculator | TT Wealth Cardiff Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Tony talks about how much we need to plan for our upcoming retirements. The state pension will fall short in providing a comfortable lifestyle into retirement so what action should we take to bolster our funds now. KEY TAKEAWAYS Review your finances sooner rather than later to assure your future income. Track down your pensions to be sure you are claiming everything you are entitled to in retirement. Find out when you can draw from those pensions. How much is your pension worth? Your pension provider should give you a yearly assessment. Get a state pension forecast. Get investment advice. You may need to alter your plans close to retirement. Check your investment values. How will you access your pension? Will you take an income, cash in, or reinvest? BEST MOMENTS ‘After a decade of working and saving you can finally see retirement on the horizon. If you plan to retire in the next five years or so, then consider taking these steps today to help ensure you have what you need to enjoy a comfortable retirement.’ ‘If you’re unsure where to start, the UK Government offers a pension tracking service to help you find lost pensions.’ ‘Pension advice is important because pension products can be very complicated.’ VALUABLE RESOURCES Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Tony covers the questions you need to ask and the products and services you need to be aware of to provide the finances you need to live your best life in retirement. This requires a lot of information about you, your family and what your needs are likely to be when you retire, along with the sort of lifestyle you envision for yourself when the time arrives. KEY TAKEAWAYS What will your life look like after retirement? Are you planning to scale back on your spending or will you need more to provide for the freedom and experiences you hope to enjoy? How much am I currently saving towards retirement? How would my daily life change on a smaller income? How long does my money need to last in retirement? You will need to take into account your retirement age and life expectancy. BEST MOMENTS ‘It's hard to know exactly how much you need in later life, because everyone has different circumstances and different expectations.’ ‘Saving early means your money is invested for longer and has more time to grow and any returns your savings make are also reinvested and have a chance to grow as well.’ ‘Your expenses will likely decrease as you retire. If it's only necessary to pay for the essentials such as housing, food and utilities you may be able to spend more or spend time on things that make you happy.’ VALUABLE RESOURCES Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
To be successful in investing, a strategy that reflects your risk tolerance and time horizons is key. Trying to second guess how events will impact the market is rarely successful. Instead investors should focus on long term strategies that transcend the vagaries of short term fluctuations. Tony talks about where your head should be when everyone else is losing theirs. KEY TAKEAWAYS Long term means at least 5 to 10 years. Owning a diverse range of investments including shares, bonds or property can help protect money by spreading risk. Be aware of the psychological effects events can have on you as an investor. Media hype can often be alarming but resist panicking. Ups and downs are part and parcel of investing. They are regular. Accept them as normality. If you have any doubts or worries, speak to an advisor. BEST MOMENTS ‘When one area of a portfolio underperforms, another should provide important protection.’ ‘When you turn on the radio or television, or log on to twitter or facebook, or any form of social media you might assume that volatility is a terrible thing that requires all investors to react and make changes to their portfolio immediately. This simply isn’t the case.’ ‘Major events causing markets to fall in particular in the short term is something we’ve seen time and time again and no doubt we will see many more in the future.’ VALUABLE RESOURCES Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff Savings calculator - Free Savings Calculator | TT Wealth Cardiff Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Tony tackles this subject along with the five principles of investing everyone should know. Due to the complexity of the options it can be very confusing which route to take. Financial Advisors like Tony can help you navigate these options and guide you towards a solid investment plan based on your requirements, personality and goals. The following five principles will help you get on top of some of the key issues that affect everyone when they invest their money. KEY TAKEAWAYS Set investment goals. Be clear about your required outcome and aim for measurable and attainable targets within a reasonable timeframe. Invest as soon as possible. The benefits of an early start are numerous. Remember, time is money. It allows you to take more calculated or lower risks rather than fast, high risk strategies. Invest regular amounts. In this way you benefit from highs and lows in the markets. Diversify your portfolio. With a wide range of investments you spread your risk. Resist panic selling. Cope with short term volatility and sit tight. To sell may damage your long term gains. BEST MOMENTS ‘Keeping your plan on track means evaluating the progress on a regular ongoing basis.’ ‘If you invest early and make a loss you have more time to make up for that loss on your investments.’ ‘This simple example might be splitting 10,000 pound between shares in FTSE 100 companies and shares in small companies, government bonds or corporate bonds.’ ‘Keep calm where possible and carry on building up your investments. History has shown that over long enough time periods no matter what the challenges, markets recover from significant downturns.’ VALUABLE RESOURCES Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff Savings calculator - Free Savings Calculator | TT Wealth Cardiff Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
Tony talks about how essential it is to take a regular overview of your finances and investments to identify if progress is continuing in line with your plan and your expectations. KEY TAKEAWAYS Having a financial review is a great way of taking a fresh look at your situation to see if circumstances have altered your money or, indeed, your own requirements and expectations. Examine your investments, assets, individual funds, shares, changes in risk and altered investment goals in detail. Consider your overall financial situation, your desired length of investment, your investment plan, investment diversity and available tax allowances. BEST MOMENTS ‘It will enable you to talk through your long term financial objectives and consider a way forward to deliver your plan on how to achieve them.’ ‘With short term goals most investments need at least a five year commitment but there are other options if you don’t want to invest for this long.’ ‘Some types of tax efficient accounts mean you can keep more of your returns you make and less goes to the taxman.’ VALUABLE RESOURCES Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff Savings calculator - Free Savings Calculator | TT Wealth Cardiff Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth ABOUT THE HOST Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales. “Live For Today, Invest For Tomorrow” CONTACT Tony’s official website: https://ttwealth.co.uk/Facebook: https://www.facebook.com/TonyThomas.IFA/LinkedIn: https://www.linkedin.com/in/tonythomas2/See omnystudio.com/listener for privacy information.
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