🟣🟢 When something feels difficult...

🌅 Hello there…

In this week’s Financial Stuff:

• 🏡 Focus on the fun part (1 min read)

• 🎯 Lost gold (<3 mins read)

• 🤔 The less you look (🖼️)

So let’s get started…👉

I’ve just started back at the gym after a few weeks off.

I had some good reasons for losing my consistency (🐶) but I needed to get it back. My body is sending me some annoying aches and pains as a reminder…

But it’s not easy, especially this time of the year. In fact it’s hard!

So I remind myself of what James Clear (Atomic Habits) says:

‘When you’re doing something hard, focus on the fun part’.

If the dominant thought in your mind is that it is hard to do, you’re more likely to give up when it is difficult.

Instead, James says to think about how good it feels to move your body, and anticipate the rewards.

I know sorting out financial stuff can be hard for many people. Especially when the rules seem to be changing all the time!

I completely understand why some people keep putting it off.

And that is why the James Clear quote is worth remembering. Financial planning itself is not necessary the most fun thing to do - but think about all the fun that it enables!

Whether that’s experiences and nice things, or just the luxury of feeling financial secure.

🎯BUSINESS OWNERS STRATEGIES
Lost Pots of Gold…

It’s quite common for people to lose thousands of pounds in old pension plans.

In fact there are nearly 4.8 million pension pots, worth a staggering £50 billion, sitting unclaimed across the UK

It’s easy to forget about old pensions, especially when you’ve changed jobs a few times or been focused on growing your business.

And when you consider that most of us start saving into a pension decades before we can touch the money, it’s no wonder they slip off the radar.

According to research, many people think they have around £13,000 sitting in lost pensions. That’s not loose change, especially when you’re looking at funding your retirement. 

It’s actually pretty straightforward to track down those forgotten pensions. Even small pots can make a difference, so it’s worth taking a little time to track down what’s yours.

The best place to start is to dig through your old paperwork or emails.

If you have any statements from pension providers, that’s a good place to start.

Even if you don’t, you can contact the provider directly. If it’s a personal pension, their website will have the contact details you need.

 Next, think back to all the employers you’ve worked for. If you can’t find any pension details from them, get in touch with your previous employers - they can often point you in the right direction with the name of the pension provider and the dates you worked there.

Make sure you have your National Insurance number handy. 

If that doesn’t work, there’s always the Government’s Pension Tracing Service. It’s free to use and can help you find contact details for workplace or personal pension providers.

If you haven’t done so, start now and track down those old pensions!

Then, consider consolidating into one new plan.

It will make admin easier and you can ensure your investment strategy is relevant and regularly reviewed to keep it on track with your objectives.

Let me know if you need any help with this!

🤔 MARKET INSIGHTS
Don’t keep looking at your investments

It’s bad for your financial health…

😎AND FINALLY
This week on Youtube…

In this week’s video, I’m encouraging people not to overeact to budget scare stories about pensions especially about the tax free cash lump sum - Don’t make this Budget Mistake.

Check it out here 👇👇👇

As always, I hope you found this helpful.

If you have any questions at all, drop me a note.

Hilary 😎

P.S Whenever you’re ready maybe I can help: Book a Discovery call and find out if we can help you

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