The Bettr Blog

It’s close to 3 years since I joined Brett Investment and in this short time I’ve loved getting to understand the power of ‘proper’ financial planning.

And whilst Jeremy’s ‘The Man from Del Monte’ article is aimed at our target audience (age 50+ers who are keen to crack on with their ‘best life’) my musings are perhaps aimed at a younger audience and maybe even the children of our existing clients.

What I have found is that,  when done well, financial planning can truly be life-changing… it has certainly made me reflect on my own life with Caitlin and, more importantly how we envision our future.

When it comes to money I know it can be easy to live for today and forget about your ‘future self’ but here’s the thing: adopting a mindset of saving and investing can bring numerous benefits, both financially and psychologically. So here’s what I’ve come to appreciate in recent times:

Financial Security and Independence: When you save and invest, you’re building a strong foundation of financial security. By setting aside a portion of your income and investing it wisely, you create a safety net that can help you handle unexpected expenses, emergencies, or even career transitions. This stability empowers you to make decisions based on your dreams and aspirations, rather than being limited by financial constraints.

Freedom of Choice: Saving and investing give you options. It’s like creating opportunities for yourself. Whether you want to pursue higher education, start a business, or go on that dream holiday you’ve always wanted, having financial resources at your disposal gives you the freedom to make choices that align with your goals. Being able to open doors to new possibilities is a wonderful thing!

Reduced Stress and Peace of Mind: Financial worries can take a toll on your mental and emotional well-being. We’ve all had those 3am moments, right? But by saving and investing, you’re proactively addressing these concerns and likely reducing stress and background anxiety. Having a financial plan in place gives you a sense of control and stability, allowing you to focus your energy on other important areas of your life.

Long-Term Wealth Creation: Investing is an excellent means of building wealth over time. By making smart investment choices, your money has the potential to work hard in the background and grow significantly. The magic of compounding allows your savings to multiply, creating a more solid financial foundation for the future. Seeing your wealth grow not only brings financial benefits but also boosts your confidence and sense of accomplishment.

Personal Growth and Discipline: Saving and investing require discipline and commitment. I know it’s not always easy, especially when life throws curveballs at us. But by practicing these habits, you’re cultivating a mindset of self-discipline that goes beyond your finances. Setting goals, making informed investment decisions, and staying consistent will build your character and resilience. And the best part? These qualities will positively impact various aspects of your life.

So, investing in your future self is truly a wise and rewarding endeavour. The benefits and psychological advantages of saving and investing extend far beyond financial gains. They provide you with security, freedom, reduced stress, and personal growth. By taking steps now to secure your financial future, you’re setting the stage for a more fulfilling and prosperous tomorrow. Proper financial planning is about preparing to live your best life…and the best time to start is right now!

Disclaimer: This document is intended for informational purposes and no action should be taken or refrained from being taken as a consequence of it without consulting a suitably qualified and regulated person.  It does not constitute financial advice under the terms of the Financial Services and Markets Act 2000. It is not an offer to sell, or a solicitation of an offer to buy, the instruments described in this.

Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investment, when redeemed, may be worth more or less than its original value. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful.