Do you have a Brexit plan?
Posted by siteadmin on Wednesday 20th July 2016.
The past three weeks have been dramatic to say the least.
England were rubbish at the Euros (again), Lewis Hamilton and Andy Murray showed their sporting class (what would we do without them bless 'em) and just in case you missed it, the political landscape in the UK has changed beyond recognition.
Whilst we currently live in uncertain times, there’s no need to feel helpless. You can control certain aspects of your life, your financial planning and indeed your future.
The new Prime Minister Theresa May has been installed in a matter of days rather than months. This decision at least gave us some much needed clarity about who will lead us into the Brexit negotiations.
Mrs May is an intelligent woman and no doubt has people working on a plan for what promises to be some challenging months of talks and meetings with our European cousins.
As bright and capable as our new PM appears, she will need the assistance of experts and that has parallels with the world of lifestyle financial planning, as do a number of issues raised by the Brexit.
I work on behalf of some very clever and successful people who recognise that when it comes to their personal finances, employing an expert is the best way forward.
The PM’s appointment was definitive and that’s another lesson for personal financial planning. Indecision is the worst of all decisions - be decisive and act upon your plan.
While the Government’s Brexit plan may be being furiously worked on right now (I do hope so) have you considered your own plans?
Do you have a contingency plan in case the unexpected happens? This could be an unforeseen life event such as redundancy or a bereavement or even the UK leaving the EU.
Do you have clarity on what your financial goals are and how they will allow you to live life on your terms? And very importantly what’s your Plan B should life conjure up something to de-rail your Plan A?
Last weekend some of my own planning came to fruition where with five other team mates, I took part in the Le Mans 24 Hour Endurance Kart race around the iconic circuit which is some 130 miles South West of Paris.
The start of the race was marked by a minute’s silence to honour those who were killed in the Nice attack. It was poignant as we were in France when it happened.
The key to coming away pleased was our planning and fitness as with little or no sleep for some 36 hours, we had to be at our best. Of course the adrenaline took over much of the time and not least when we were each on track.
We had a few unforeseen problems, got on and drove together well considering we knew little about each other until we arrived. We came away unscathed and attained a credible 34th place finish at our first attempt.