Financial Freedom

'Financial independence' or 'financial freedom' is a goal everyone should one day hope to achieve.

It means having enough money saved and invested to allow you to stop working and enjoy a high quality of life. You may of course choose to continue working, but having financial freedom means you aren't reliant on the income from your job in order to live comfortably.

Discover some simple ways you can put yourself on the path to financial freedom.

A fresh perspective on home ownership

In today’s market, it’s not easy being a first home buyer.

But simply changing the way you think about home ownership, can make it so much easier to get on the property ladder.

Buying your first home

How do you turn your dreams into reality?

There’s one small thing that’s holding many of us back, and that’s not having a plan. We all have dreams but planning and goals help turn those dreams into reality.

Many of us are held back by guilt from poor financial decisions but it’s never too late to get started on a plan for the future.

Tips on goal-setting

How much will you need to retire?

Great news! – many of us are now living longer. And that means you might spend a quarter of your life in retirement.

But retirement is expensive – especially if you want to cover more than just the basics. Find out how to better prepare for retirement.

Prepare for your retirement

Tips on goal-setting

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Setting yourself up for success

Why is it important to have goals? Goals provide the short-term motivation needed to achieve our long-term objectives.

Goals can be BIG (like buying a house) or small (like saving for a new smartphone). Setting goals will help you to think about what you want to achieve in life – for yourself and your family.

Most goals require money. So, it’s useful to think about how much each of your goals will cost. You can then take stock of where you are financially and put a plan in place to achieve your goals.

Three things to get sorted

What do we mean by getting sorted? We mean taking control of our finances. Getting sorted is not about how much we earn, but making the best decisions with the money we’ve got.

There are three key things we can do to sort our money:

  1. Make a plan:
    This means giving each dollar a job to do, including planning for the things we want in life and preparing for the unexpected.
  2. Tackle debt:
    Getting rid of high-interest debt quickly. There are two types of debt: ‘good debt’ (things that increase in value after you’ve bought them) and ‘bad debt’ (things that have no value once you’ve bought them) – which we want to avoid.
  3. Save for our future:
    Saving regularly to reach goals and set ourselves up for a comfortable retirement.

Where do you see yourself in 5 years?

To get sorted we need to set realistic goals. We need to work out where we want to be financially, and by when:

  • Short-term goals:
    are what we’d like to achieve within the next 6–12 months.
  • Medium-term goals:
    are those that we’d like to see happen within the next five years. 
  • Long-term goals:
    are what we’d like to achieve in more than five years’ time.

Now that you have a few goals in mind, it’s time to head over to Sorted, try out their goal-setting tool and take the first steps to make them happen.

Important information

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The information included in this video is of a general nature, is the opinion of Blair Vernon, and is not a substitute for financial or other professional advice. To the extent that the information constitutes advice, it is class advice only. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. For personal financial advice, we recommend you contact your Adviser or if you don't have an Adviser, contact us on 0800 267 263 and we can put you in touch with one. A copy of your Adviser's disclosure statement is available, on request and free of charge.

The information in this video is of a general nature only and reflects the opinions of the presenter as at the time of release (September 2018). It is no substitute for personalised advice. If you would like advice that takes into account your particular financial situation or goals, please contact your Financial Adviser. Your Adviser has a disclosure statement that is available on request and free of charge. While care has been taken to ensure that the information in this video is accurate, no entity or person gives any warranty of reliability or accuracy or accepts any responsibility arising in any way including from any error or omission.