Coping with Budget Blues

Posted by siteadmin on Wednesday 22nd November 2017.

The Chancellor, Philip Hammond, will be setting out his vision and Budget for the UK today. The chances are that he’ll be addressing the Houses of Parliament as you're reading this, bearing in mind that the Budget Statement has now moved from the Spring to the Autumn.

I’ve given up trying to second guess what each Budget might contain. In fact, I stopped trying to do so many years ago.

As I’ve said before, a well thought out financial plan is proactive in its nature rather than reactive. If the Chancellor drops some real bombshells that need immediate reviewing, I jump on it straight away. But in most cases any changes or new regulations require consideration before a reaction.

The simplest way to protect your finances from Budget related blues is to have a solid financial plan in the first place. And ideally someone skilled working with you too. It’s incredible how many people still have no plans in place to make the most out of their money and more so their lives.

Seventh Heaven

We’re celebrating a birthday this month where I set up Essentially Financial back in November 2010.

Although I’ve worked as a financial planner for more than twenty five years, I’d never taken a leap of faith and set up my own practice in the way that I have here.

And it wasn’t top of my agenda until a change in circumstances with a business partner I was working with at the time, spurred me to go it alone. Our going our separate ways was entirely amicable and with hindsight it shook me out of a comfort zone.

At first, I must confess to being scared by the idea but that soon past. And within a few days of mulling things over, Essentially Financial was born. It felt very much like a ‘now or never’ moment but thankfully, it’s turned out very well and ranks as one of the best decisions I’ve ever made.

I was initially based in the Evans House Serviced Offices on Marsh Road in Pinner and I can remember clearly the day they put the sign up above the door (it was on the wall actually, but you get the point).

Forming Essentially Financial had made things become very personal and I was now in control of my own future and able to help more clients. And over the seven years that followed, that’s always been my main motivator. To provide personal attention, individualised customer care to local people and to share honest, expert advice.

It’s been a fantastic seven years and I look forward to many more. The highlight has been helping people make their money work for them so that they can do things and live the life they want.

And Finally ……..

We’re proud supporters of the Henry Surtees Foundation.
Henry, the son of motor racing legend John Surtees CBE, died aged just 18 years old following a tragic accident while racing at Brands Hatch. The charity set up in his memory, has its primary objectives to assist people with brain or physical injuries caused by accidents to return to community living by the provision of support for equipment and facilities. They also seek to provide education and training associated with motorsport related programmes in technology, engineering and road safety instruction on two and four wheels.

It’s been my privilege to support the foundation for some years now where back in the Summer, I took part in their annual karting fundraising race at Mercedes World at Brooklands in Surrey. Racing legends Damon Hill OBE and Derek Bell MBE were among the hundreds of people who either took part or attended the day.

Click on for the Official Video which has now been released from what was a marvellous and memorable day, including our on-board footage.

Thanks for reading and watching.