Expat Financial Advice CZ

03/05/2018

What if it’s all b###xcks?

19/04/2018

Tell me how much cash you would like in the bank in 20 years, and I'll tell you how much you need to invest each month to achieve it. Go to expatfinancialadvice.cz and send us an email, or send us a message below

19/04/2018

Who’s Going To Pay Your Bills When You Stop Work?

It’s true for most people that when they start work their salary is at its lowest, it grows gradually throughout their working life, peaks the day they retire, and drops like a stone the day after.
If you’re able to, you can continue to work during retirement to top up any state pension. But would you want to? Eventually, you’ll HAVE to stop work for purely physical reasons. Then what?

IT DOESN’T HAVE TO BE THAT WAY -IF YOU ACT NOW!

The actions you take today, create your future. The inactions you take today, create your future.

If you’re at all concerned about how you’re going to manage when you’re unable to work, then you have only 2 choices:

1. Do nothing. Hoping things get better is not a grown-up plan.
2. Think about how much you’re going to need when you stop work, subtract from that amount any plans already in place, and put a plan in place to fund the shortfall.

If you’re unsure how to make up the shortfall, I’ll explain over a coffee how to do it yourself.

Alternatively, if you would like me to do it for you, we can schedule another meeting at a later date.

Which brings me to the title of this piece; I can arrange to have your bills paid. That’s not to say I’ll pay them for you, but I can show you how to generate the income required to pay them.
Or, if you prefer just to ask me questions via email, then go to our website www.expatfinancialadvice.cz, complete the contact form adding your question, and we’ll get right back to you

Independent financial and investment planning in the Czech Republic. Specialising with Expats, Retirement planning and Investment Solutions

11/04/2018

6 steps to Guaranteed wealth

#1 Dream.
Design your future. If you could create the perfect world, what would it look like?

If you can imagine it, you can cost it. When it’s costed, your dream has become a target.

#2 Spend less than you earn
You will NEVER be wealthy if you ALWAYS spend all your money.

If you did this one thing you would become wealthy, as your savings would increase every pay day. It’s not magic, it’s maths.

#3 Invest a stressless amount of that portion of your money you don’t spend, at the highest growth rate you’re comfortable with.
The higher the potential growth the higher the potential risk. The higher the growth rate, the faster you will accumulate wealth.

A growth rate around 6% pa is not only achievable, it also represents a medium risk profile.

If the amount allocated to your target isn’t stressful, you stand a better chance of maintaining the investment and achieving your target.

#4 Automate the investment at the beginning of the month
Don’t leave your target to chance. Protect your target by allocating funds to it before anyone else has a claim against those funds. Do this by organising an automatic payment from your bank or credit/debit card on the first day of the month.

Pay yourself first. You earned it. It would be unfair if you weren’t the first to reap the benefits of your labour.

Your target now has a plan. The plan has to be executed, and it’s progress monitored. A ship’s progress is affected by wind and tide, but providing the destination is kept in sight, and course changes are made to keep on track, the destination is assured.

#5 Protect your wealth
Your wealth needs to be protected from all parties who may make a claim against it.

A low/no tax environment is a priority. The payment of unnecessary tax is a drag on your wealth plan.

Creditors and belligerent relatives may claim a portion of your wealth. The establishment of a trust and the use of offshore solutions will negate this.

#6 Be patient
This is not a get rich quick plan. They don’t exist. This is a get rich eventually plan, and a get rich eventually plan is better than a get rich never one. The accumulation of wealth takes time, patience and determination.

It is a simple plan, but it’s beauty is its simplicity. If a plan is simple, then it is achievable by anyone.

For more information visit :

11/04/2018

Did you know that UK pension companies are transferring on average 23 times the accrued value of an existing pension pot?

Interested in finding out more head over to www.expatfinancialadvice.cz , complete the contact form and we will send you some details.

As an expat, you now have access to truly global financial solutions, that may not have been available in your native country.

11/04/2018