Dominic Browning, Managing Director
Posted by D Browning
News, Resources, Insight and Opinion from Browning Financial Planning

Automated Savings

Dominic Browning, Managing Director
Posted by D Browning

Saving regularly is one of the most important ways to increase wealth and achieve financial independence.

There are 2 types of saver:

Saver A will put any spare savings (if any) away at the end of the month and Saver B, who will pay themselves first at the beginning of the month.

Saver A rarely increases their wealth significantly as, whatever their monthly income may be, there is little left at the end of the month.

Saver B will, over a period of time, accrue far larger funds and will therefore have a much higher chance of achieving financial independence.

Which type are you?

So commit NOW to setting up a monthly savings plan (ideally an equity based ISA) if you want to have sufficient capital and/or income for your unknown future life.

If you are already doing so, consider increasing the monthly amount you put away. You will not regret it.

More News, Insight & Opinion
Time in the market, not timing the markets

Investors are always asking "when is the best time to invest". Continue

Why you should embrace volatility

Some people consider large fluctuations in their investments and the chance of losses distressing to think about. Others will be more relaxed. Continue

Care Navigators

Arranging long-term care is daunting to say the least. Continue

Will you outlive your retirement pot?

The most important question to be asked is ‘How long will you live?’  Continue

Life Boat Drills

If you have ever been on a cruise, you will be aware that the crew will carry out lifeboat drills either in harbour or shortly after leaving.  Continue

Lasting Powers of Attorney

Covid-19 has created a renewed interest in LPAs, as well as Wills. Continue