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Writer's pictureAlina Burlacu

Day 17 – Six geese a-laying … Mondays

Are you waiting for Monday?


The countdown continues!

The Twelve Days of Christmas has been a festive tradition for centuries. You may know the song, but do you grasp its true significance?


On the sixth day… it's a reminder that the holiday season is more than just material gifts.


It’s about laying the foundation for a secure and prosperous financial future through financial diversification and strategic planning.


It helps to remember that investments are a brilliant way to diversify finances.

Being too exposed to property or cash savings can be financially rewarding at times, but not ALL the time.


Investing also has the power to generate income for you at different stages in life. 

This is especially important when you're no longer able to work or generate income from other sources.


Here are six vital considerations to guide you:


1.Start Early, Start Now: Don't wait for the "perfect" moment.

Mondays are a great time to start a diet, exercise or invest.

It’s usually the following Monday… And then there’s a whole week to change our minds.

Investing is tempting, yet intimidating. Common concerns - not earning enough, lacking knowledge, feeling it's too late or fearing losses may hold you back.

Overcome these hurdles by taking small, consistent steps to begin sooner rather than later and allow time to be on your side.


2. Invest What You Can Afford: Every little helps

Allocate a portion of your income to investments, ideally around £1 out of every £10.

Start small, focusing on disposable income that won't affect your immediate financial commitments.


3. Invest with purpose

What do you want to achieve with your investments? Whether it's a dream vacation, a home purchase, or retirement, having clear goals will help you make better investment decisions. And stay on track – even amid the festive spending frenzy.


4. Balance Liquidity and Opportunity: Don't put all your eggs in one basket.

Diversify wisely by using Individual Savings Account (ISA) allowances to build tax-free investment pots that offer flexibility for your medium-term needs and opportunities. Striking a balance between accessibility and long-term goals.


5. Align with Your Values

Consider your personal values when investing. Choose companies and funds that that align with your beliefs, whether they're environmentally friendly, ethically sound, or culturally significant.


6. Calibrate Risk with Time Horizon

Understand and align your risk tolerance with your preferred time horizon. Long-term goals can accommodate higher-risk investments, while a more cautious approach may be necessary for medium-term objectives.


Start Today for a Prosperous Tomorrow


Begin shaping your investing habits today to lay the foundation for a secure and prosperous financial future. Today and every day.


If you're interested in bringing financial education to your home, organization, or community, let's chat!

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