This section of the book covers both healthy personal and healthy business finances.
In my role as a financial consultant, I am constantly in touch with clients from all walks of life – from those of modest means to wealthy entrepreneurs. But I’ve come to realise that whatever their net worth, everyone from time to time entertains the same misgivings that their money may not last their lifetimes.
In the book I’ll show you how you can prepare financially for your time ahead, whatever your age, whatever your means.
The key to Healthy Personal Finances is to build up enough capital to provide a level of income that will sustain you during your working life and beyond, when you either can’t, or don’t want to work.
I’ll tell you about the basic rules that you’ll need to follow to lay down the foundations of a successful lifetime financial strategy.
I’ll show you how to calculate the level of income you’ll need in retirement with the help of my Capital and Income calculator.
And I’ll provide details of the five popular UK, tax-efficient investment vehicles that could help you save money and build capital.
Finally, I’ll share my top tips for securing a sound financial basis for your retirement and, as always, my Healthy Personal Finances Quick Start Tips.
In the Healthy Business Finances chapter of the book I’ll share the knowledge I have gained over the years by talking to entrepreneurs about how to build a profitable business – knowledge I have successfully applied during my own business life.
I have learned that there are a number of vital, key areas that should be addressed to ensure business success and profitability. These are fundamental principles that apply whether you run a one-man-band, self-employed business or a large enterprise. I have distilled my experiences into a number of recommendations and these are covered in detail in the book, together with personal examples from my own business experience by way of illustration.
Here then, in brief, are my ‘14 Principles for Success in Business’:
Business can be – and should be – profitable, of course. But it should also be fun and deliver both personal exhilaration and satisfaction. Get a head start by reading my Healthy Business Finances Quick Start Tips.