Abs Mechial (DipFA)’s Post

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Qualified Financial Adviser | Helping you build a healthier relationship with money so that you can better manage, multiply and enjoy your money guilt-free.

Ready to reach financial freedom? Here are the investing steps I follow… 👉🏽 Step 1: Have a Powerful 'Why'. What motivates you? Your 'why' keeps you focused. 👉🏽 Step 2: Learn About Compound Interest. Understand that money grows over time—the earlier, the better. 👉🏽 Step 3: Know Investment Types. Stocks, bonds, property—get the basics. 👉🏽 Step 4: Investing vs. Trading. Know the difference. Investing is long-term, trading is short-term and riskier. 👉🏽 Step 5: Financial Freedom Number. What's your dream life cost? Make it your target. 👉🏽 Step 6: Monthly Investment. Decide your monthly contribution. Even small amounts add up. 👉🏽 Step 7: Emergency Fund. Have at least 3-6 months of living expenses as a safety net. 👉🏽 Step 8: Tax-Advantaged Accounts. Learn about ISAs, Pensions, or other tax-saving options. 👉🏽 Step 9: Trusted Platforms. Invest through regulated platforms, like those under the FCA in the UK. 👉🏽 Step 10: Choose Your Strategy. Align your strategy with your goals and risk tolerance. 👉🏽 Step 11: Automate Investments. Set up auto-transfers to invest consistently. 👉🏽 Step 12: Protect Your Assets. Insurance and wills can secure your financial journey. 👉🏽 Finish: Consistency is key 👈🏽 Repeat these steps to achieve your financial freedom goal. When was the last time you reviewed your financial goals? -------------------------------------------- PS... Are you ready to level up your money management skills, master the art of safe and effective investing, and join a supportive community of like-minded individuals? With me as your personal guide, there every step of the way on your path to financial freedom. 👉🏽 COMMENT "MONEY MAXIMISER" BELOW TO FIND OUT MORE #RoadmapToFinancialFreedom #CompoundInterest

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Abs Mechial (DipFA)

Qualified Financial Adviser | Helping you build a healthier relationship with money so that you can better manage, multiply and enjoy your money guilt-free.

6mo

Have you taken any of the suggested steps yet?

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Mike Howarth

Making high achieving men unstoppable. Welcome to The Peak Performance Project.

6mo

How do you say legend Abs? I’d also add think of the worst case scenario too. I love a bit of positive thinking but when you don’t do the negative thinking first it can be somewhat delusional, and therefore lead to regret. I can’t see that looking at the above, unless I’m mistaken…?

Michael Bayley

Recruitment Consultant @ Building and Construction Recruitment

6mo

Good post! I have a flowchart which I found on the reddit group: UKPF(UK Personal Finance) which I believe is very helpful and relates to your post. It shows you steps to take in order to maximise your savings/earnings potential covering areas such as debt, tax free accounts, pensions etc https://flowchart.ukpersonal.finance/?_gl=1*1lvlmnv*_ga*MTgwODg2MDA2My4xNjk4MjIxNzA0*_ga_TYXK2X3WJT*MTY5ODI0MzIzMi4zLjAuMTY5ODI0MzIzMi4wLjAuMA..

Steve Ware

I save businesses FORTUNES reducing burnout, supercharging wellbeing & calming minds | Corporate Training | 1:1 Executive Training | Keynote Speaker | stevewaremindfulness.com

6mo

I love this graphic!

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