What steps can you take to establish Financial Wellbeing?

I have always been passionate about helping people feel more financially confident and achieve financial security. It’s all I know and love.

After leaving school, I went straight into a job in a Bank. It was clear early on that I liked talking to the customers and helping people feel better about their money.

I have been a qualified financial planner now for 23 years and worked for the same company helping medics for 19 of those!! However, after I had my third child in November 2016, juggling three children and a full-time job began to take its toll.  So, in May 2018 I made a big decision to set up my own Practice where I could be my own boss, spend longer with my clients as well as spend more time with my family. Its been the best decision I have ever made.

I am so passionate about financial wellbeing and helping clients achieve this that over the past few months I made the change and renamed my business from KP Wealth Management to KP Financial Wellbeing.

Financial wellbeing means having financial security and financial freedom of choice, both now and in the future.

When I meet with clients this is at the forefront of everything we do. So many things are tightly wrapped into financial decisions:

  • Decisions and thoughts
  • Beliefs and Values
  • Emotions and experience

So, what steps can you take to establish financial wellbeing?

1. Set Life and Financial Goals
Consider the following questions:

  • What matters to you?
  • Where do you want to be/end up?
  • Is it within reach?

2. Save for the future you want

  • Set ‘savings goals’
  • Think about what your retirement will look like

3. Spend less than you earn

  • Do a budget planner
  • Regularly compare costs of insurances
  • Try to reduce non-essential expenditure

4. Maximise your money
Consider sitting down with a financial wellbeing planner. By working together, they can assist you in maximising your money’s potential.

5. Protect those you love
Consider how well protected you and your family are.  Life is full of ups and downs so being prepared for the unknown allows for peace of mind, being able to navigate yourself and your family through a financial crisis (illness, redundancy an accident).

My happiness comes when I help my clients stop worrying about money or their future.
None of us should allow money to affect our mental wellbeing.