Archive for the 'Financial Planning' Category

You won’t find Fire here

I read an article in The Irish Times about how the Fire movement is inspiring people to plan for retirement. Fire stands for Financial Independence Retire Early. It is a movement that started in the US and has grown in popularity in Europe too. Under its principles, people save large proportions of their salary each […]

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Being tax efficient with the standard will

A standard will is pretty straight forward; assets go to the surviving spouse and after that, it is split evenly to the children. This is standard fare and parents don’t want their children to fall out by one getting more than the others. While it is fair that the assets are evenly split, it does […]

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Important but rarely urgent

When I was reading the Pension Commissions report for last weeks article, I was struck (and angered) about how many pension reports and roadmaps I have read over the last number of years. Each on promised to do the same thing; address the looming pension crises that we all know is coming and getting closer […]

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I want a Tesla

I don’t really. I’m not into car and if I was going to splurge on a car I would buy a Porsche Panamera. But Tesla’s are the car to be seen in these days so lets go with a Tesla Model S. It’s not cheap to look so stylish and you can expect to pay almost […]

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Can you control your spending?

I’m just back from holidays in France. The chalet that we were staying in had a charcoal BBQ. I have always been a gas BBQ man and had never used a charcoal one. And given our BBQ at home is broken (left outside uncovered for too long!), I thought this was a good opportunity to […]

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How easily influenced are you?

There is an old sales trick where you go into the electrical store looking for a new tv. The salesman gets an idea of the size and type of tv you are looking for and shows you the most expensive model they have. He knows that most people will baulk at the price but that’s […]

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Life is more expensive than you think

In my work as a financial planner, I need to know how much life costs. There is the mundane stuff like electricity and bin collections, to your holidays each year and how much you spend on clothes each year. Most people underestimate how much they spend and sometimes by a lot. It is quite common […]

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The psychology of financial planning

For many, financial planning is all about the numbers. It is so much more than that. It is quite common for new clients to come in for their factfinding meeting, loaded with facts and figures on their finances and leave saying it was like a counselling session. If I don’t know your relationship with money, […]

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Your business is your wealth

It’s different being a business owner. You start off not knowing if you are making the right decision, going from a secure salary to being your own boss, not knowing if you will still be open for business in a year’s time. A lot of sacrifices are made to create and grow a business. I […]

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What is of value to you?

Friends of mine were talking about coffee. What beans they use, whether they grind beans or use a French press or a moka pot. One of the coffee lovers was said he uses a Nicholas Mosse French press that cost €121. For someone who drinks Gold Blend instant and has a caffettiera that I bought […]

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