Calculating your retirement fund
Calculating exactly how much money you will need for retirement can feel like a daunting task. But, planning retirement, especially as an expat, is a key part of sound financial planning. Working, or living internationally, has wonderful benefits, but it can complicate retirement and inheritance planning somewhat. Ensure you know where you will be a …
Understanding risk
When it comes to investing, risk and reward go hand in hand. Therefore, before making an investment, it’s important to know how much risk you are willing to take. You need to know your risk tolerance. What is risk tolerance? Risk tolerance is simply the amount of risk an investor is comfortable in taking; it’s …
What is your financial number?
In the financial world, when someone asks, “what’s your number?”, it’s likely they are not trying to fix a date with you. Rather, they want to know your financial independence number. A financial independence number tells you when you’re free from the need to work. However, working out your personal financial independence number is more …
Monthly financial checklist
When it comes to keeping on top of your financial situation and all associated tasks, it can easily feel overwhelming. However, if you break it down month-by-month and focus on one thing at a time it’s less daunting and more manageable. Think of it like a financial checklist. January: review your net worth and asset …
Emergency funds – why they matter now more than ever!
Coronavirus has already had a far-reaching economic impact with many expats having contracts terminated sooner than expected. However, even if you are in a stable role, an emergency fund is always vital to financial security. An emergency fund is a stash of money set aside as a financial safety net. It is also one of …
Top ways to secure your financial future
Perhaps you’ve just started life as an expat or have been living and working abroad for years. Regardless of where you are on your journey we are confident the tips below will help you take a few extra steps towards securing your financial future. Expenses review Before deciding how much you can save and direct …
Why it’s important to know and track your net worth
An increasingly popular way to understand how financially healthy you are is to know your net worth because it is easy to track and compare year-on-year. Net worth, when reviewed, will also give you a clear idea of whether you are spending too much, how much you have in savings and whether you’re putting enough …
How to retire with €1 million in savings by saving €850 a month
The idea of becoming a millionaire may seem daunting. However, €1 million or more is what most 25-year-olds today may need to retire comfortably. How can you achieve that? In simple terms, if you invest €850 a month from the age of 25, and your money grows at an average rate of 4% a year …
The key principles to achieving financial freedom
Financial freedom means different things to different people. For some, it means meeting their monthly financial commitments with spare money for spending as well as having a solid savings and investment plan. For others, financial freedom means quitting employment to be their own boss or being financially comfortable enough to consider early retirement. There’s no …
Why aren’t more people confident about their financial plans?
In a 2019 NBC News readers poll about personal money management, 31% of respondents revealed they do not feel confident about their financial plan. Having looked at similar studies, we discovered that this lack of confidence isn’t restricted to one generation: it cuts across them all, from boomers to millennials and generation X. In this …