Life gets busy and consequently, we often put off things that we don’t even know where to start with. But we all have goals and targets that we need and want to meet. Everyone can come up with excuses as to why we don’t do something, but when it comes to your finances, putting things off can have undesirable consequences.
In this blog, we look at some of the common reasons why clients have put off managing their finances in the past:
- Lack of time
People think that taking financial advice is a long-winded process, but much of it can be done over the phone or somewhere that fits in with you and your commitments. A Financial Adviser can take all the research hours off your hands and this will help to free up your own time to do the things you enjoy. We estimate that a Financial Adviser spends at least 35 hours of professional development per year, just staying up to date with their qualifications. We believe therefore, that they are best placed to do the time-consuming work for you!
- Lack of knowledge
Often clients tell us that they felt complete information overload before working with us. There are lots of resources out there to help you manage money, but knowing which ones are right for your particular situation is tricky. A Financial Adviser can help you make sense of rules, legislation, forecasts and rapid developments and explain them all to you in a way that you will understand. They won’t just look at the now – they will take a long-term view to set you up for the future.
- Perceived lack of spare money
It is a misconception that you need to be wealthy to make the most of financial advice. It is important to realise that an Adviser can help you save money in the long run and help to identify if cost savings can be made. You probably have more money invested than you think. If you have had a number of jobs over the years, it is likely that you have already paid into numerous pensions. You could also have a lump sum on its way to you or sitting in cash somewhere.
It is never too late to start planning your financial future and here at Sheards Wealth Management we are here to help you plan and make a real difference in your life. Get in touch with us today to see how we can help to plan for your financial future.