What is enough?
This is a question we are often asked by both new and existing clients; we have to say, it entirely depends on what ‘enough’ means for them.
It is an incredibly personal thing as it will mean different things to different people, based upon their personal values and lifestyle.
This could be any of the following:
- Being able to continue your lifestyle (minus the mortgage and school fees) when you stop work.
- The freedom to stop work and do the things you dreamt of doing.
- A lump sum to buy a boat and sail around the Mediterranean, buy a holiday home, or go travelling in style….
- Helping children through university, or getting on the housing ladder.
- Leaving a legacy to your family or favoured charity.
There are, of course, many more personal definitions of ‘enough’ and one person’s definition is not necessarily yours. It’s also not surprising to find that many people have never thought about it until asked.
We spend a lot of time at Carpenter Rees getting to know our clients and asking the questions that help to define what it looks like to them. As financial planners, we will tell them if they need to make compromises and take tough decisions in order to secure enough for the future. Our job is to develop a long term plan and manage it year on year, to help them ensure that they reach their idea of ‘enough’. That is what makes our job, and your interaction with us as your advisers, interesting.
In addition, we have some clients who have more than they need and that can lead to some very interesting discussions too.
So, what is your ‘enough’? Let us help you get there and if you have more, then let us plan to use the surpluses in an interesting and meaningful way.
If you, or someone you know, might benefit from a discussion about their ‘enough’ please feel free to pass on our details.