Over the years I have met numerous people who have had financial concerns for many years before they have chosen to seek help. The issues have included whether their mortgages would be paid off by retirement, or knowing that they have a pension shortfall. Others had accumulated debts and had no idea how they were going to repay them. Generally speaking the earlier these problems are addressed the easier they are to solve.
My first piece of advice would be to face up to your fears, they are often not quite as bad as you may think. One of my favourite sayings is that a problem is not a problem when you have a solution. For example, if repaying your mortgage by retirement was your concern, and you were shown that making an additional payment of £500 could solve this, you would still have the same problem but now you have a solution. Normally, this would eliminate the concern.
Clients have often said to me that they wished they had sought help much earlier. Financial worries can lead to many things including sleepless nights. YouGov* research commissioned by Equifax revealed that a third of people in work have said they can’t sleep at night because of money worries.
We are coming up to the 2nd anniversary of the first lockdown in March 2020. All our stories of this period are very different. Many still have financial concerns as a result of this and these still may need to be addressed.
So, as we have entered into spring, why not give your finances a spring clean and at the same time address any concerns you may have buried. As another one of my favourite sayings goes, “A problem aired is a problem halved”
We offer a free without obligation consultation, so if you have any financial issues why not pick up the phone today and we can chat with you about your concerns.
*Debt and mental health in the workplace – June, 2018