The many facets of Financial Wellbeing

According to research from Arbuthnot Latham, 81% of the UK’s wealthiest individuals are ‘stressed’ about their finances, suggesting financial wellbeing is about more than totality of wealth. This goes to show that everyone has concerns about their financial future and how it will look.

Planning for the future

The prime concerns for individuals centred around future planning and retirement, specifically maintaining a comparable lifestyle in later life (51%), the vale of their investments (39%), providing for future generations (25%), the tax burden (24%) and falling victim to fraud (22%).

59% of wealthy individuals in the UK are considering relocating overseas, to enjoy their wealth, an improved standard of living, lower property costs and a more favourable tax regime.

The importance of financial wellbeing

Financial wellbeing is more than just having large sums of money. It’s a state of feeling secure and in control of your finances both now and in the future.  According to a Global Financial Wellbeing Report by Nudge, 94% of people’s top goal is to ‘feel secure’; noting that people who feel financially confident are two times more likely to have goals, ambitions and dreams.

Finding your purpose

While money can’t buy you happiness, it can give you security and freedom. But to get there, you need to have a plan.  A good starting point is to work out what is most important to you and what it is you want to achieve. Wealth has the capacity to create a powerful purpose within our lives, provided we are able to unlock its true value by understanding your reason why. Once you have this established, you can create a unique plan that you can work towards.

Unlocking the real value of your wealth

We can help you to develop a clear understanding of what you want to achieve with your wealth, as well as provide you with support and expert advice to help you develop a financial strategy to enable you to achieve these goals. There is no point in worrying about your financial future when you could be taking valuable steps to take control with confidence.

If you feel stressed regarding your finances or feel you lack strategy when it comes to your money, please feel free to get in touch.