6 Free Financial Planning Tips
Sometimes it is hard to know where to start. And sometimes starting is the hardest thing. Here are 6 simple tips that could help secure your future and get you underway with your financial planning:
1) Start investing and saving NOW, however small, just start
2) Make monthly contributions into investments
3) Everytime you recieve a pay rise - increase your contributions
4) Ensure you are tax efficient - use tax wrappers such as ISAs and pensions
5) Invest for the long term - don’t think 1 year, think 10 years, 20, 30 and more
6) Have exposure to equity markets if you want to attempt higher growth
Just by doing this, you will be far ahead of most, and on the path to securing your financial future, leading towards financial freedom.
Get in touch
A financial planner can help you ensure these steps are suitable for you and should you invest, that this is appropriate into advisable investments.
To speak to a financial planner, get in touch.
Email info@mlpwealth.co.uk
Please note
This blog is for general information only and does not constitute advice. The information is aimed at retail clients only.
This article is for information only. Please do not act based on anything you might read in this article. All contents are based on our understanding of HMRC legislation, which is subject to change.
Workplace pensions are regulated by The Pension Regulator.
An ISA and pension are a long-term investments. The fund value may fluctuate and can go down, which would have an impact on the level of benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits.
A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Past performance is not a reliable indicator of future results.