Financial Accumulation - Creating successful habits

In this conversation, Ashleigh Cherry & Kim Uzell discusses the challenges individuals face when trying to save money, emphasizing the distractions and temptations that often lead to spending rather than saving. They highlight the importance of developing a savings habit, no matter how small the amount, to ensure that money can start working for individuals in the long run.

Takeaways

Life's expenses often distract from saving for the future.

Saving even a small amount is better than saving nothing.

Building a habit of saving is crucial for financial health.

Financial literacy is key to managing personal finances effectively.

Setting aside money regularly can lead to better financial outcomes.

Understanding spending habits can help in budgeting.

Creating a savings plan can mitigate impulsive spending.

Long-term financial planning requires consistent saving habits.

Chapters

Introduction to Financial Planning

Understanding compund interest and it's components

Changing mindsets around saving

Making savings tangible

Habits of saving/investing regularly

Creating a financial environment

Useful links:

Connect with Max Weatherby on LinkedIN

Connect with Ashleigh Cherry on LinkedIN

Connect with Kim Uzell on LinkedIN

Visit the Eclipse Wealth Podcast website

None of the ideas expressed on this podcast constitute financial advice and we strongly encourage anyone listening to consult with a qualified independent financial adviser before making any investment decisions on their own account.

The Eclipse Wealth Podcast is delivered by Eclipse Private Office which is a trading style of Peregrine & Black Investment Management Limited who are authorised and regulated by the Financial Conduct Authority here in United Kingdom.