Not your car registration, mobile or house number but in financial terms, do you know your number? Let me explain, your number is the amount of capital that needs to be injected into your estate to cease employment income generation and simply live the life that you have always wanted – particularly without the fear of running out of money.
Not everyone wants to retire of course and maybe retirement is a thing of the past but this financial independence as we sometimes call it, may well be more achievable than you think. Perhaps you already have existing Pensions & Investment funds, rental income from a Property portfolio, deferred final salary scheme Pensions to name a few possible examples and when you add this all up you aren’t far away?
So, what is putting you off doing the calculation? I would guess you might be scared to look or actually it would take such a sophisticated excel spreadsheet that you’ve never started the job. Our advisory service is centred around cash flow modelling / lifestyle financial planning so after a thorough financial analysis we can accurately predict how close you are to financial independence or more importantly identify how we could address any gaps with you.
Your challenge, have a think about all the things you would want to do with financial independence, a second home, vintage car, helping the kids – who knows that is the fun part for you to consider.
Get in touch and ask to hear more about lifestyle financial planning.