1st Nov 2024
Renata Cook Interview – Wealth Management for Wellbeing
Looking after your financial wellbeing is just as essential as caring for your physical health. This new year, take small but impactful steps with wealth-building and pension planning tips from Renata Cook, Wealth Management. A financial planner with years of experience, Renata offers practical guidance on maximising pension contributions, setting clear savings goals, and crafting a future-ready investment strategy.
The financial landscape is constantly evolving. What changes or trends in wealth management and financial planning do you foresee for 2025, and how can individuals best prepare for them?
The financial landscape is always evolving, and a few trends to watch are:
Personalized financial planning: Technology is making it easier to create tailored financial plans that fit individual lifestyles and goals.
Sustainable investing: More people are interested in investments that reflect their values. Many pensions now offer funds focused on environmental and social responsibility.
Increased focus on financial literacy: Many financial providers are improving educational resources, empowering people to make informed decisions. Staying informed can help you be proactive rather than reactive in a shifting market.
2025 looks to be a year of financial shifts for many. What’s one common financial mistake people make, especially when it comes to saving for the future, and how can they avoid it?
One mistake people often make is not adjusting their financial plan as life changes. For instance, a major life event – like buying a home, having a child, or changing jobs – might call for updates to your saving or investing strategy. Regularly reassessing your goals and needs will ensure you’re always on the right track.
We all have financial goals, but sticking to them can often be the hardest part. Do you have any practical advice or mindset strategies for staying motivated and disciplined with long-term financial planning?
Sticking to long-term goals can be challenging, so try these strategies:
- Break down large goals into smaller, manageable milestones. Celebrate each step to stay motivated.
- Visualise your future self: Imagine how you’ll feel when you achieve your financial goals – this emotional connection can help keep you focused.
- Find an accountability partner: Sharing your goals with a trusted friend or financial planner could add accountability and help you stay committed.
These tips should help you approach 2025 with a strong foundation for financial success. Remember, small, intentional actions today build a secure and comfortable tomorrow!
To read more of Renata Cook’s interview with us head over to our Christmas gift guide and learn more on how you can improve your financial well being in 2025.
