If You Have No Plan Then Do This
Episode description
What are you doing to secure a future that means you can have the same standard of living you have now?
Alex reviews the importance of having a financial plan and following it to ensure you can maintain your standard of living into your retirement. Financial mastery is easy to achieve as it’s a combination of mathematics, probability and science mean its outcomes are predictable so creating a plan and following it will bring the outcomes you want.
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KEY TAKEAWAYS
- In the sixties, people needed at least 60% of what they were earning to retire and maintain their standard of living. In the seventies, it was 70% and in the eighties, it was 80%
- In the nineties, it was 90% and now you need at least 100% of what you were earning.
- Do you have a plan?
- Are you on the right path?
- Create a plan you can follow to save the money you need.
- You should be looking now at what you can do to secure your future
- Financial mastery is a game of mathematics, probability and it’s a science with its outcomes predictable.
- There are rules that govern finance and if you follow the rules the expected outcome will follow.
- Start monitoring and build a plan of what you’re going to do so you can get started on the right path.
BEST MOMENTS
‘If you put in certain things you will get certain things out’
‘Create a plan and get started on it now’
‘What is the amount you need to live the same comfortable life in retirement’
VALUABLE RESOURCES
Business, Wealth and Mindset podcast series
ABOUT THE HOST
Alex is a prize-winning chartered accountant with experience in financial markets from trading finance, capital hedging, structural foreign exchange and interest rates to operational risk from the world’s top financial and advisory institutions including Deloitte, RBS and JPMorgan Chase
Alex has been involved in property development programmes across different types since 2008, building and managing a portfolio that includes standard buy-to-lets, student accommodation and other houses in multiple occupancy (HMOs).
He specialises in raising finance, providing potential investors, investors and joint venture partners with ad hoc (to their specific requirements), hands-free and hassle-free property investments solutions as well as coaching and mentoring
Alex aspires to share business and financial knowledge with upcoming entrepreneurs and experienced business minds to learn and master the concepts and mindsets required to succeed, stand-out, have the edge and make a difference.
Alex is also a keen traveller, cyclist and photographer.
CONTACT METHOD
https://www.facebook.com/alexsapalaofficial/
Twitter - @alex_sapala
https://twitter.com/alex_sapala
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