Under the title of 'Ties are optional', Les Conway shares his thoughts about what’s going on in the World and how it can affect and impact your lifestyle and finances. Feel free to sign up here to subscribe to receive. And remember that these articles are the opinions of the author, Les Conway of Essentially Financial Limited, and are not endorsed or necessarily shared by Flying Colours Advice Limited.

Make the hairs stand up on your neck!

Posted by siteadmin on Wednesday 5th of July 2023

We have all experienced events that have excited us. Family related that have made us proud. And/or that once in a lifetime opportunity.

But should they only be reserved for those special occassions? Or should we find ways to make the hairs stand up on the back of our necks more often?

I have a simple philosophy. That life has a nasty habit of biting us on the backside, when we least expect it. Meaning that we have to take advantage of all of the opportunities as and when they arise. And capitalise on these without fear or favour.
We should be...

You are where you are, and you can only move forward from that point

Posted by siteadmin on Wednesday 7th of June 2023

There’s many an example where people have been heard to say ‘if only I’d done that’.

It took me some time to realise that in doing so, it serves little purpose. You cannot turn the clock back. And you can only move forward from where you are at that particular point in time.

Experiences we encounter, can be good or bad. Good in the sense that we may have progressed professionally as we planned. And bad in that we chose the wrong dish from the menu, in that new restaurant that was recommended.

The best we can hope for is that we learn from...

Ensure that you protect yourself!

Posted by siteadmin on Wednesday 3rd of May 2023

I recently discovered that someone had somehow/somewhere likely intercepted an item of post. Pretending to be me, they then successfully reported my credit card to the provider (which I had in my possession) as lost. Being able to amend the address and contact details, taking delivery of the new credit card, they then happily spent close to £10,000 in around six weeks.

Not least for professional reasons, I’ve been subscribing to a credit referencing service for a number of years. Meaning that I regularly review that all is as it should be. ...

Financial Planning, Journeys and Building Confidence

Posted by siteadmin on Wednesday 5th of April 2023

From the beginning of the year and as I've already touched on within the past couple of articles, I'm going back to basics. To re-explain in detail, what lifestyle financial planning is and why it is so important.

If you'd like to recap, jsut view the articles in this Thoughts section.

And late last year, I was invited to record a podcast. Discussing the same subject. It's only a 35 minute listen, and I hope that you find it clear and concise.

To listen, just click here.

It can also be found on other podcast providers. So just search One...

Not all returns are financial

Posted by siteadmin on Wednesday 1st of March 2023

We often look at what we’ve achieved in life in monetary terms. What we have, what we earn and what we expect to receive.

But what is all this worth? And what value can we place on money, if it doesn’t give us the life we really want?

Perhaps by not being able to do the things we want to, if we don’t know what that is. Or where we might want to help our children or loved ones, as they might require or need.

For most human beings, we value what lies in our aspirations, desires and wants. Not how much we have. The latter is vitally relevant...

So, what’s your purpose?

Posted by siteadmin on Wednesday 1st of February 2023

Last month, I talked about the first phase of lifestyle financial planning. By establishing the individual’s purpose.

Initially, we identify where the person has come from, where they are now and where they want to end up. More importantly, by when.

It’s also helpful to understand what relationship they’ve had with money. What they experienced growing up and how things have unfolded for them since then, to be where they are now.

But what’s as important in establishing the purpose is the ‘why’. What this ‘why’ means and what the effects ar...

What is it that you want to achieve?

Posted by siteadmin on Wednesday 4th of January 2023

In lifestyle financial planning terms, we always ask as to ‘what are your goals, ambitions, and aspirations’. I’ve never been comfortable with these terms, as I feel that they’re too generic and meaningless to most people.
My first mission for 2023 is to encourage the use of more appropriate and relevant phrases to replace. All part of the process of educating people of the deep-seated significance of ‘true’ lifestyle financial planning.
Searching on Google, other words pop up. Such as aims, intentions and purpose to name but a few. Any ...

Is the grass greener?

Posted by siteadmin on Wednesday 7th of December 2022

We all have our opinions, and we all think we know what’s best. Just look at the last two or three years. Should we have locked down faster? How would we have dealt with Putin? And what would we do to address spiralling inflation?

For just over three weeks in October (where I drafted this on the flight back), I was in Southern California. Principally for my son’s wedding, where my daughter-in-law is from San Diego. Followed by much needed time to rest and recuperate on a sunbed by a pool.

With political turmoil back home (hopefully now somew...

What have you got to lose?

Posted by siteadmin on Wednesday 2nd of November 2022

Looking through some books in my own personal library, I came across one I read some time ago entitled 'Feel the Fear and Do It Anyway'.

Glancing back through the book, the introduction sets out its objectives. It made some great points about people fearing new beginnings and endings, fearing change but also having anxiety about feeling stuck.

This for sure could apply to lifestyle financial planning too. However, unlike buying a piece of furniture for example, lifestyle financial planning is an intangible. It’s a process and experience, b...

How things change

Posted by siteadmin on Tuesday 4th of October 2022

With a blistering record hot summer, almost total lack of rain, energy prices at unimaginable levels, could we really have foreseen how other parts of life would change?

Momentously, the passing of her majesty, Queen Elizabeth II, and the proclamation of King Charles III.

Whether you’re a supporter of the royals or not, one cannot admire enough the dedication the Queen gave to her country and the world throughout her 70 year reign. And that unquestionably is going to be replicated by the King.

Admittedly some may not agree. But in my view...