Carbon Financial Partners Investment Director, Barry O’Neill, poses this interesting question in his latest article in the Press & Journal.
Barry points out that many people keep working and amassing money simply because they don’t fully appreciate how much they need to do the things they want. He also points out that this approach could be creating a potentially sizeable and unnecessary inheritance tax liability.
The sensible approach is to define what it is you want to do and then calculate how much you need to be able to achieve your goals – “the number”, and when you have established this your saving will take on a whole new meaning.
This clarity of purpose means you no longer have to work simply to make money and the chance to spend your precious time with family and friends doing the things you really want becomes a reality.
Barry’s advice is to clearly define your goals, establish ‘the number’, and then create a meaningful financial plan.
You can read the whole of Barry’s article here or by clicking the image below.
If you would like to discuss your financial planning options, please contact us with any questions you might have. You can do this by calling our head office on 0131 220 0000, or by emailing us at firstname.lastname@example.org. or you can also follow us on Facebook, Twitter or LinkedIn.
You can view Barry O’Neill’s profile here.
Progeny is independent financial planning, investment management, tax services, property, HR and legal counsel, all in one place.
Carbon Financial Partners Limited is authorised and regulated by the Financial Conduct Authority. The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.
The Financial Conduct Authority does not regulate some forms of tax advice.
Registered in Scotland #SC386400.
Registered Office: 61 Manor Place, Edinburgh EH3 7EG, Scotland.
© Carbon Financial Partners 2024