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Under the title of 'Ties are optional', Les Conway shares his thoughts about what’s going on in the World and how it can affect and impact your lifestyle and finances.  Feel free to sign up here to subscribe to receive.

The Life Stages - Part 2

Posted by siteadmin on Wednesday 7th of October 2020

Following on from the theme that I’ve been focussing on this year and simply broken down, here’s part two of the life stages:-

At retirement

Unless you are the type of person who wants, or needs, to continue working, most people aged 65 within this group wish to retire. That magic date has arrived and it is time to spice things up.

People at this point of their lives have prepared and planned of how they will replace earned income. They reassess their lifestyles and determine what they want to do with their free time. The hard work that has bee...


The Life Stages - Part 1

Posted by siteadmin on Wednesday 2nd of September 2020

Early Accumulation

People in this category are usually in their 20s and 30s and may be looking to continue with their education. They are also likely to be starting their first full time job, then progressing through their career and starting to do well. They may also be considering settling down, getting married and looking to start a family.

This is a great time in life to get organised and begin laying the foundations of successful financial planning for the future. A disciplined approach to our finances at this time of life pays huge divid...


Making sure everything is working properly

Posted by siteadmin on Wednesday 5th of August 2020

I’ve never made a secret of my interest in all things on four wheels and powered by something that make them go quick. But even I with my everyday road car have no real interest in what the technician, engineer or mechanic (or whatever they call themselves these days) would’ve done during the annual service.

All I care about is that when I turn the ignition or select the air conditioning, that it works first time. Every time.

Being told ‘just to let you know sir, that we’ve added this brand-new super-duper-wuper fantastic lubricant, that’ll sa...

Bloodline Protection - What’s that?

Posted by siteadmin on Wednesday 8th of July 2020

As an example, think of your pension as a pot of money that is designed to provide you with your salary in retirement and potentially, in some cases, to provide some benefit to your dependants. As a result, there are very good reasons to have a trust arrangement in place to deal with your pension death benefits.

The benefits and the protection afforded to your family of using a trust in this way could be substantial where they’re able to:- 
  • Provide protection against the value being decimated at a later date, through one or more of your be...

Facing our infallibility

Posted by siteadmin on Wednesday 3rd of June 2020

For many people, talking or even thinking about money can be difficult. It presents all sorts of issues and emotions and can even cause embarrassment.

It can be exhilarating, not least if we’ve been lucky enough to win something on the lottery.

Sometimes though, it can make us protective. Other situations might make us defensive, suspicious or nervous. Ultimately it causes us stress.

Let’s face it, life is not a rehearsal. And quite often for some, life is sadly all too short.

This is an extraordinary time, with concerns around health, an enviro...

What should we believe!

Posted by siteadmin on Wednesday 6th of May 2020

Last month I talked about understanding why things happen. With recent events, I thought I’d touch on the role the media play in our everyday lives (not just now).

There’s no doubt we’re living in extraordinary times with our liberties, finances and of course our health all very much of a concern. We all want to know what’s going on in the world. But what we want is factual news and not opinion.

How many times have we heard a news reporter say ‘my sources told me --------‘? So is what’s being reported interpretation, speculation or indeed ...

Understanding why things happen

Posted by siteadmin on Tuesday 7th of April 2020

Following on from my last article, not least considering the widespread health and global warming concerns we’re facing, we need to understand as to why things happen.
 
A very important part of the work financial planners do is to help people appreciate that uncertainty is a certainty.  Solid financial planning helps people interpret what’s happening around them and instigate plans or adjustments to plans to keep them on course.
 
No one can argue that what the world is facing currently is concerning.  Nor can it be denied that it could als...


What on earth do you have to worry about?

Posted by siteadmin on Wednesday 4th of March 2020

In this follow-on article explaining as to what lifestyle financial planning is, I’m focusing on the many things we have to think about as our life cycles unfold.

Just imagine there’s you contemplating life one day and feeling that everything’s going well.  What on earth do you have to worry about?

Well how about:-

  • Your job
  • Retirement
  • Death
  • Sickness
  • Weddings
  • Holidays
  • Pension
  • Children

These are just some the things that go through the minds of most people.  In many cases, some of these are capable of causing real stress and wor...


Lifestyle Financial Planning - Breaking it down

Posted by siteadmin on Wednesday 5th of February 2020

Having frequently been asked what lifestyle financial planning actually is, I intend to fully break it down and cover in detail over the coming months.
 
Kicking things off, the starting point without doubt is that clarity is key.
 
As you know, I wear glasses. If I didn’t and pretended that I could see because my vanity and appearance were more important, I’d be missing out on so much that I’d be unable to experience the world to its fullest.
 
Comparatively, in financial planning terms, we need to know what we have now, ideally what we’d e...


A Milestone

Posted by siteadmin on Wednesday 8th of January 2020

2020, a new year and a new decade.
 
This year will mark the tenth anniversary of Essentially Financial where back in the early part of 2010, I made the decision to go it alone.  The brief being to do things differently, by focusing on helping guide people on their lifetime journey through the ever-changing cycles of life.  And ensuring that they achieved the things they wanted to achieve, whether it be driven by things that are good, or perhaps not so good.
 
More so for me though, it was a personal lifestyle change.
 
It could be argued an...


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UK News

Boris Johnson is to lead a coronavirus press conference after the noon deadline for a deal passes.
Attendance figures show 46% of secondary schools had pupils isolating because of Covid outbreaks.
Volunteers will be deliberately exposed to the virus in trials due to start in January.
The grandson of a man who killed his wife calls for "greater scrutiny" of Parole Board hearings.
The maker of Dettol and Cillit Bang previously reported a big drop in demand for condoms across Europe.