Have you started to think beyond the current global situation yet? Does it feel like there’s a glimmer of light at the end of this dark tunnel? Or are you continuing to feel a reluctance about planning for your financial future?
It would be great to know there was an end date to the virus so our plans can be rebooted, refreshed, and renewed, wouldn’t it? Or perhaps you feel like your life has all the same problems before we threw a pandemic into the mix.
Finding the confidence to plan and dream again may feel like a stretch right now, but there are ways you can help yourself to break down those barriers.
Building confidence for a better financial future
Taking small steps towards building your confidence can help you break out of that reluctance to plan for your future.
Why plan when everything is still up in the air?
What good would it do when the future is so uncertain?
To build your confidence, we recommend filling the gaps in your knowledge relating to your financial situation. When you don’t know where your starting point is, it can be hard to plan for what you want.
Over the last year, you may have had to dip into your savings and are now reluctant to begin again or lack the mental energy. Although, according to the Central Statistics Office (CSO) bank deposits in Ireland jumped to €5.3 billion in the second quarter of 2020 compared with €2 billion for the same quarter last year. Understanding how best to utilise these savings can be done through careful planning.
Financial education is the key to confidence. Carrying out financial tasks and plans with a trusted advisor can have a considerable impact.
“Those who do nothing, achieve nothing.” – Derek Halpern.
To build confidence, you need to take action.
You may be unsure that the steps you’re taking are right, or that you can achieve everything you hope for. No matter what, act as if you’ve already managed to reach your goals.
Financial confidence is something you build as you move forward one step at a time. With the support of a financial life planner, you could achieve financial freedom whilst developing that confidence.
Comentarios