You can’t eat your assets
Recently I’ve met a lot of people who feel under pressure.
On paper they’re doing well but they are constantly worried about money & don’t feel comfortable.
Their problem is cashflow.
Money comes in and goes straight back out again and they don’t feel in control.
I think the cause is our move from cash to electronic money. We no longer have that tangible connection and this is making it harder to visualise.
Your parents may have grown up budgeting with jam jars. They’d get paid in cash and physically allocate the money needed for the mortgage, electricity, food etc into a specific jar for that expense.
If there was anything left over, that was how much they had to spend on themselves.
Now though, between direct debits and tap & go most transactions occur in the ether and it’s hard to keep track of.
There are lots of tools around these days to help you track your spending but they tend to work only after the fact. We spend, then it reports and we can see whether we’re over or under budget.
But we don’t have a picture (pre-purchase) of whether we have money to spend.
We’ve developed a simple cashflow structure to put you back in control – without needing to carry an abacus. While we’ve kept it simple, it’s easily expandable so it can adapt to more complex situations and structures whether that be multiple investments or business structures.
If you’d like to find out more you can book a meeting with us by clicking here.
