Two clients in the same week. One earned £25,000 a year, the other £120,000. By the end of every month, both had nothing left.
This is episode 2 of our Summer Reset, the 6-part summer series with my Evolution Financial Planning colleagues Katie, Client Manager and Protection Adviser, and Carol Wright, Independent Financial Adviser and Money Coach.
This one unpacks the gap between earning money and building wealth: lifestyle inflation and where the pay rise really goes, the social media comparison trap, the play money principle that makes a plan actually stick, why so many women feel investing is like putting money on a roulette wheel, and the cash flow forecast that showed one client her money could last 5 or 6 years longer.
Chapters:
00:00 Cold open and welcome
02:38 Where does all the money go? The £120,000 client
04:09 The comparison trap and social media
12:01 Play money and money coaching
15:57 Cash flow planning and tax-free allowances
17:18 The beliefs holding women back from investing
21:50 Busting the time myth and the pension birthday
Want to know where you stand with your finances? Take our free Financial Wellbeing Quiz. It asks 12 yes or no questions and takes less than 2 minutes: https://allmylink.me/YtLK
Listen on your favourite platform:
Spotify: https://open.spotify.com/show/3R1YtF0SZYUaP8HY5zPpMr?si=df572d19e168406c
Apple: https://podcasts.apple.com/gb/podcast/accelerating-your-wealth/id978095147
New episodes of the Summer Reset drop every Friday through the summer. Next week: property, protection and power, the foundations of women's wealth.
#AcceleratingYourWealth #WomenAndMoney #Investing #SummerReset #LifestyleInflation
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Connect with Rebecca Robertson and the Podcast: Subscribe for weekly wealth-building strategies: https://www.youtube.com/@rebeccarobertsonifa Instagram: https://www.instagram.com/rebecca\_robertsonifa & https://www.instagram.com/acceleratingyourwealth LinkedIn: https://www.linkedin.com/in/rebecca-financial-advisor Facebook :https://www.facebook.com/RebeccaRobertsonwealth www.evolutionfinancialplanning.co.uk Disclaimer: This content is for educational and informational purposes only and should not be construed as financial advice.