Money Musings

The latest views, tips and opinions

Are you ready for challenging conversations

I have no intention of disagreeing with you during your financial planning process. However, you are paying for independent thought and unbiased counsel. An important part of this is challenging conversations, and playing devil’s advocate on occasion to test the...

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Truly unbiased financial planning

You pay me an explicit fee to solely work in your best interests. I have no ulterior motive, sales targets, or conflicts of interest. I have no financial products to sell you. I am going to pick on the traditional financial advice model a little bit to explain why I...

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Two big changes to work and life

There have been two big developments in the world which I believe are game changers to how you should live your life and manage your finances. Well, at least for me personally. Work is a thing you do, not a place you go In the early years, humans were nomadic hunter...

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What do you want from your life?

At first glance, this may seem like an obvious and easy question. Yet give it some thought and it becomes the big question and one that is always changing. Those who have spent time contemplating what they want to achieve in life, and considered how they will use the...

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The benefits of a diversified investment portfolio

With the uncertainty of the future, changing local and global economies, political upheaval, and unpredictable and sometimes unstable financial markets; our savings are always at the risk of some form of loss. Savings kept in the bank can assure the security of your...

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The simple way to avoid debt at Christmas

Spend less than you earn. Don’t spend money you don’t have on things nobody needs. These tips, like many aspects of managing money, are rather simple, and yet I can guarantee there will be thousands, perhaps even millions, who ignore this sound advice and get...

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Do depressions no longer exist?

Rather than dealing with the issues created by decades of ever increasing debt, we appear to prefer a policy of denial and repetition of the same mistakes.   Our politicians and central bankers appear to be playing a modern game of hide and seek, as poorly played...

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7 steps to financial freedom

Here are the 7 steps to financial freedom: 1. Avoid debt like the plague. If you are in debt you owe your time and labour to someone else. You are a serf. To have financial freedom you need to be free from debt. 2. Spend less than your earn. Spending more than you...

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Inheritance Tax Allowance

The inheritance tax allowance is important when planning to mitigate your inheritance tax liability. In simple terms, it's what the government allows you to pass on tax free, with everything in your estate above this figure subject to inheritance tax when you die. But...

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IHT nil rate band

Inheritance tax is payable in the UK when the value of your estate (property, money and possessions) are above a certain limit. Anything below this limit is known officially as the IHT nil rate band. It is known as the nil rate band because inheritance tax within this...

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Common types of investment risk

Successful investing rests upon understanding, accepting and managing the various types of investment risk you face. The decisions we make today have to interact with the future before we know whether the correct decisions have been made; i.e. whether we have...

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