Ian Mole’s Post

The new Money MOT is a new free service to help you take control of your money matters and improve your financial skills. #agecymrupowys #agecymru #financialhelp #financialhelpservices #financies #moneyhelp #costofliving #costoflivinghelp #powys

Have you ever asked yourself, "Why should I start a savings account for my child?”👩👩👦 Imagine if you had a head start on your financial journey as a child. How different would your life be today? As parents who've navigated hurdles, hardships, and financial crises, you understand the value of giving your child a head start. By starting a savings account on their behalf, you equip them with a tool that not only safeguards their future but also teaches them invaluable financial lessons. 🌟 Ready to learn more? Read the full article here: https://lnkd.in/eF3q7K2A #FinancialLiteracy #ParentingTips #FuturePlanning

As you or your loved one begin to hit financial milestones—like earning more, growing/starting families, or managing stock options—it might be the right time for them to consult a financial adviser 👩💼. Professional guidance can help them build long-term strategies, foster healthy money habits, and ensure future stability. Encouraging them to plan early can be one of the best legacies you leave behind 💡💰. #FinancialPlanning #WealthManagement #LegacyPlanning #NextGenWealth #MoneyMatters 💼📈

𝗥𝗲𝘀𝗽𝗲𝗰𝘁𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗕𝗼𝘂𝗻𝗱𝗮𝗿𝗶𝗲𝘀: 𝗔 𝗖𝗿𝘂𝗰𝗶𝗮𝗹 𝗟𝗶𝗳𝗲 𝗦𝗸𝗶𝗹𝗹 As adults, we strive for financial independence, making conscious decisions about our money to align with our goals and values. However, for many individuals, even those in their 40s, financial independence is compromised by an unexpected source: their parents. 𝗧𝗵𝗲 𝗨𝗻𝗶𝗻𝘁𝗲𝗻𝗱𝗲𝗱 𝗖𝗼𝗻𝘀𝗲𝗾𝘂𝗲𝗻𝗰𝗲𝘀 𝗼𝗳 𝗣𝗮𝗿𝗲𝗻𝘁𝗮𝗹 𝗜𝗻𝘁𝗲𝗿𝗳𝗲𝗿𝗲𝗻𝗰𝗲 Well-meaning parents may inadvertently disrupt their children's financial plans, causing long-term consequences. Here are some common examples: - 𝗙𝗼𝗿𝗰𝗲𝗱 𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁𝘀: Parents offering to contribute to a down payment, only to obligate their children to massive EMI commitments, potentially derailing their financial goals. - 𝗣𝗿𝗲𝗽𝗮𝗶𝗱 𝗼𝗯𝗹𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀: Parents paying the first installment of a savings plan for their grandchildren, expecting their children to continue the payments, regardless of their financial capacity or priorities. - 𝗥𝗲𝘀𝘁𝗿𝗶𝗰𝘁𝗲𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀: Parents preventing their children from selling underperforming assets, hindering their ability to rebalance their investments and achieve their financial objectives. 𝙏𝙝𝙚 𝙄𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙘𝙚 𝙤𝙛 𝙁𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝘽𝙤𝙪𝙣𝙙𝙖𝙧𝙞𝙚𝙨 It's essential to establish and maintain healthy financial boundaries, especially with family members. By doing so, you can: - 𝗔𝗹𝗶𝗴𝗻 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗲𝘀 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂𝗿 𝗴𝗼𝗮𝗹𝘀: Make conscious decisions about your money, ensuring it supports your aspirations and values. - 𝗠𝗮𝗻𝗮𝗴𝗲 𝗿𝗶𝘀𝗸 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲𝗹𝘆: Assess and mitigate financial risks, rather than inheriting unwanted obligations. - 𝗖𝘂𝗹𝘁𝗶𝘃𝗮𝘁𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝗰𝗲: Take ownership of your financial decisions, free from undue influence or pressure. 𝘚𝘦𝘵𝘵𝘪𝘯𝘨 𝘉𝘰𝘶𝘯𝘥𝘢𝘳𝘪𝘦𝘴 𝘸𝘪𝘵𝘩 𝘓𝘰𝘷𝘦 𝘢𝘯𝘥 𝘙𝘦𝘴𝘱𝘦𝘤𝘵 Communicating your financial boundaries with your parents can be challenging, but it's crucial for maintaining healthy relationships and achieving financial stability. Approach the conversation with empathy and respect, explaining your financial goals and priorities. Remember, establishing financial boundaries is not about being selfish or ungrateful; it's about taking responsibility for your financial well-being and securing a brighter future for yourself and your loved ones. Feel free to share your experiences or thoughts on setting financial boundaries! #FinancialBoundaries #FinancialIndependence #FinancialLiteracy #FamilyFinances #MoneyManagement

Financial empowerment starts with knowledge. It's time we talk about self-care beyond bubble baths and face masks. It's about securing our future, understanding our worth, and handling our finances with confidence! Financial literacy is no longer optional—it's essential. Your future self will thank you. Ready to take charge? Check this out 👉?   #gobnetwork #gobiggsorgohome #GOBFund Register to Invest, Click to join newsletter or offers.  If you would like to learn more about the GOB Family of Funds or fractional ownership in Commercial Real Estate please contact our investor relations team by completing the New Investor Form here https://lnkd.in/gFPW9F9y (it will take less than 30 seconds).

Teaching the young adults in your family about money is vital to set them up for their future. 🪙 If you find financial discussions awkward or taboo, we're here to help. Click the link below to discover 3 ways you can start the conversation about money and share important financial knowledge with your young family members. 👇

A Financial Enabler is someone who gives money in a way that discourages the recipient from taking responsibility for their own finances. To be clear, this isn't about supporting minors or those in genuine need; it's about assisting capable adults - whether an adult child, relative, or friend - who could sustain themselves but choose not to or avoid putting in the effort. While there’s nothing inherently wrong with generosity, financial enabling subtly tells the recipient that they’re incapable of managing on their own. Over time, this dynamic drains not only the enabler’s finances but also the recipient’s ambition and sense of purpose, ultimately hindering both parties. Here are some signs that you may have transitioned from generosity to enabling: 👉🏼Your loved one no longer tries to be self-sufficient because of how much and how often you give. 👉🏼You give financial help even when you can't afford it or when it negatively impacts your own financial stability. 👉🏼You feel resentment or frustration about giving but find it hard to say "no" when asked. If you're unsure whether you're crossing the line between generosity and enabling, ask yourself these questions: 👉🏼Will this monetary gift help or hinder their independence?” 👉🏼Will my giving encourage independence or dependence? Helping someone with education, career advice, or skill development fosters independence. Covering their credit card debt, however, may simply reinforce their reliance on you. Have you been a financial enabler? Happy Tuesday! ©LiftedFinance #moneydisorder #financialenabler #enabler #chosetosayno #generousity #personalfinance

Supporting children or aging parents can be financially demanding—and you may find yourself sandwiched between both. U.S. Bank Wealth Management provides a few tips to help you make sure your own financial needs are taken care of first. Visit our site for related articles as well. #usbank #wealthmanagement #financialplanning

Starting financial conversations earlier makes complex topics a little easier to broach. The more you discuss finances with your family, the more opportunities you create to build trust and ensure that all members have the knowledge and tools they need. Please visit our website to learn more and let us know if you have any questions. https://lnkd.in/ecSus4Qa #stjohns #newfoundland #wealthtransfer #familywealth

Starting financial conversations earlier makes complex topics a little easier to broach. The more you discuss finances with your family, the more opportunities you create to build trust and ensure that all members have the knowledge and tools they need. Read more on our website. https://lnkd.in/gB-NxQaq #langelyBC #wealthmanagment #wealthtransfer