To all our readers, 2017 may have been a year of ups and downs, lets not kid ourselves it’s not dislike any other year however with Brexit and the Trump administration over the past 2 years, it has felt never ending at times with the media circus in tow, and a play on words for the uncertainty of the future we are bombarded with daily…
Only time will tell however a small and steady rise won’t hurt funds but a steep increase may. Depending on your attitude to risk if looking at long term investments of 10 years or more, much will stay the same.
Long term we can see a benefit for the saver. Savers should enjoy some relief if the Bank of England’s Monetary Policy Committee does increase base rates by 0.25 per cent to 0.50 per cent tomorrow, in what will be the first hike in a decade.
This is likely to trigger a savings war, as banks and building societies respond by increasing their own rates in return.
However, Anna Bowes, director of independent savings advice website Savings Champion, said “with the consumer price index now at 3 per cent savers still cannot secure an inflation-beating return.”
Those with mortgages have had it good for 10 years or so. Can they really complain now?
Many people think of wealth as the value of their savings, investments and assets. However, the ability to keep earning an income is equally important.
Ensuring that you have adequate financial protection for you, your family and any dependants is an important element of financial planning. As a healthy working person with a good income, you may feel reasonably confident that you are able to provide for your family. However, your finances could be more precarious than you think.
What exactly does that mean ‘The happiness dividend’? Curios then you may enjoy reading ‘Mindful Money’.
The book offers a thoughtful reassessment of how money is just a tool, not the destination.
Is it possible to be a conscientious member of society and grow wealth? The author, a Buddhist and a financial planner, says yes and explains how money drives many of our decisions. We all worry about earning it, spending it, and saving it — regardless of our income level or spiritual perspective. Yet few of us understand money’s true nature. The book explores your deepest beliefs, covers topics to save, invest, pay off debt, and fund your retirement and dreams by building a lifetime income stream. With a foreword by Pulitzer Prize–winner Alice Walker, Mindful Money does all this while emphasising that money is a tool you can use to support your lifestyle, reach your goals, and earn the “happiness dividend” everyone deserves.