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mail@pfcthamesvalley.co.uk
Financial Planning & Coaching
Lifetime Financial Planning & Coaching
Everyone talks about how much money you need to retire and asks, ‘do you have enough?’
We expect our money to help us feel safe, especially as we grow older and have worked hard over decades to build up a nest egg.
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Unfortunately, if you view your savings and investments only as numbers on a page that you are trying to nudge upwards, then there is no such thing as ‘enough’. You could always be saving more, investing more, spending less. But does doing so make you feel any happier?
We believe that the more important question is ‘Are you managing your money in a way that allows you to live the best life possible now and in your future?’
Let me ask you a question, ‘Does earning 1% less or more than the market impact how you live your life?’
Of course not. Yet, the majority focus on performance otherwise known as return on investment (ROI).
With our clients, we use a much more effective approach called Return on Life (ROL). The result of using this ROL-centred approach is that our clients are able to live the best lives possible given the money they have.
Return on Life
With ROL, you don’t give up the best of life just to get money. The money is there to serve you not vice versa.
Below we have gone into the details about the primary objectives of ROL planning.
Clarity about money’s purpose.
There is a point to having money. There is a purpose for gathering wealth. Yet the conversation about money’s purpose is grossly neglected.
It is all about moving from chasing money (hamster on the treadmill) to the meaningful pursuit of money by asking ‘What is the money for?’
The story behind the numbers.
Everyone is different and our process reflects this by being deeply personalised and not one-size-fits-all.
The outer circle represents the ‘money mechanics’ whilst it is the highly personalised inner circle that is key as this is your past, present and future.
The big money/life questions.
A plan designed with ROL as its foundation is designed to answer the three big money/life questions:
- How did I arrive at my perspectives on money? How you think about money is just as important as how you manage it.
- Am I managing my money in a way that is improving my life? This enables you to better understand your present position and your progress with using money for the best life possible with what you currently have.
- Am I financially prepared for life’s big transitions? Money goes into motion when life goes into transition. Do you know what life’s big transitions are heading your way, and when they are likely to happen? Are you planning for these?
The financial plan.
Only after we have considered your Return of Life will we begin developing your financial plan. This financial plan should be a vehicle that takes you where you want to go. If you are fixated on ‘having enough money’ then your plan, and the life it provides you will be stuck in a cul-de-sac. You will find yourself trying to justify every minor and major financial decision as you circle around and around wondering if you ‘have enough’.
Return on Life planning is all about learning about how you can get the most out of your life
with whatever money you have or will have by allocating your resources (time and money) in a way that helps you get the best Return on Life.
