Working Women's Wealth

Is your company taking enough money for your retirement? If your head is buried in the sand and you aren't 100% sure of the numbers, then this is a modern fable you have GOT to listen to!

Most people think of retirement as this wonderful, glowing phase of life… and it should be! But it only will be if you plan in great detail what the journey of retirement looks like. And you need to know how you are going to pay for it.

It is so important that you KNOW YOUR NUMBER, and start to live a life now according to what you can afford.

You're a driven, goal-oriented, go-getter taking giant strides towards your best life, but what do you do when things don't go according to plan?

Finding myself in a similar situation, I've learnt some things that may be helpful to you...

This weeks episode is a story of what happens when life goes pear-shaped, how trusting your gut is one of the most valuable signposts to your best life, and being able to recognise the first signs of spring.

Is your current investment strategy designed to make your retirement as tax efficient as possible? Understanding how tax works when you're retired is only ONE of the factors to consider when structuring your investments in a marriage.

Because we have NO idea what will happen when we're 90 – what money we will need, what the tax rates will be, which one of us will be alive, structuring your money for flexibility is the most important thing. In today's episode I explain the reasons you should think carefully about who owns which investment in a marriage.

Please do share this episode with your married friends, and their husbands, as they may be young enough to change their investment strategy so their retirement is a lot more tax efficient.

When it comes to marriage, there are a minefield of stories and beliefs that come to us as to the right and wrong way to run a marriage, and in particular, money in a marriage. An important topic that governs the future of your assets, it all comes down to the WAY you're married.

None of us like to talk about death or divorce in the weeks before we get married, it brings out the worst in us. So today's episode provides a non-emotional perspective on the subject because it's imperative to be very clear on the way you're married, as it strongly impacts how your assets will be impacted by creditors, death and divorce.

I really implore you that if you know a person who is considering getting married, please send them this episode so that they can make informed decisions.

If you've been listening to the last few episodes, you now know a thing or two about investing. The next piece of the puzzle involves avoiding the biggest mistakes people make when investing.

Today I'm going to tell you the three BIGGEST mistakes I've seen most people make when investing, whether they have a little invested, or a lot!

With so many options available, how do you choose your investments?

There is a decision tree that all investors go through, some of them subconsciously, that helps them to choose which fund they need to invest in. Over the last few episodes we've looked at how you invest, and in today's episode (taking into account the foundations of investing) we're going to bring it all together in a step-by-step decision tree to help you choose your investments to suit YOU!

With two very different case studies to help you see how to use it, I hope you'll listen to it again and again with the downloaded picture (available in the show notes at www.workingwomenswealth.com/182) until it becomes second nature.

Ready to invest, but confused by industry jargon? Translated into HumanSpeak you will be able to understand the different types of investments or assets.

This week I'm going to teach you the type of assets you can invest in when you invest in funds, as well as give you some generalised guidelines for the average person as to how much money you should have in each type of investment.

As always, I will say that I don't know your personal circumstances, so I can't advise you specifically, but you will truly be amazed at how, with repeated listening, you will be able to have a better discussion with your financial adviser, partner and friends about money.

Don't take what they say at face value without asking the questions you need to!

Prioritising money for your future life is imperative, but how do you ensure that you have enough? You invest.

Simply put, there is no way you can SAVE your way to retirement, and so, in order to invest, you need to know the basic foundations of investing. In this weeks episode I want to teach you how to understand the landscape of investing so you can make the best choices available.

The most important part of any financial strategy is to understand how you think, feel and behave towards money, and being able to be honest about it will help you and your adviser select the right investments for you.

What happens when you've maximised the limit of your Tax Free Investments… Where should you invest? When it comes to investing in the stock market, there are two broad ways to invest - you can buy a single share, or a group of them, called a fund. But which one is right for you?

Whilst WHERE you invest your money is entirely dependent on you, there are four elements of a good investment. In today's episode I talk about those four elements and how they can help guide you to an investment decision.

At the end of the day, the most important thing is to invest regularly each month, and to add top ups as and when you can.

In the story of your life, are you the victim or the heroine? There is power in the stories you choose, just as there is in choosing financial freedom.

Defined by the choices you make from moment to moment, YOU get to decide whether you choose financial freedom or money stress.

Choose wisely…