Inflation is another one of those words that you hear on the news from time to time that you know you should pay attention to and then something - anything - more interesting comes along and all thoughts of inflation are forgotten. However, it's worth understanding the effects of inflation on your current savings. Here's why you should care...
I recently attended the funeral of my aunt, who sadly lost her battle with cancer. She was diagnosed many months earlier and therefore was able to ensure her will was in order, and think about how she wanted her 'estate' to be distributed, and to who.
It was a stark reminder to my wife and I that we haven't got a will, so I have spent some time recently investigating the options. Below are some of my findings that you might find helpful.
I had an Australian friend visit me over the weekend who is thinking about buying a property in Melbourne. He was intrigued to hear why I didn't think this was a sensible thing to do with his money. It's also a question I have had a couple of times on recent webinars that I have done so I thought I would address why your home isn't an asset more fully.
I was chatting with a new client this week and they mentioned that they just weren’t bothered about saving for the future. They said that they wanted to live in the here and now and that they would worry about the future when it actually happened. It's an interesting perspective and it got me thinking about WHY it is so difficult to concern ourselves about the future.