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Point of View Archive

Holidays are for dreaming


How many people on holiday this summer have stopped, breathed in the fresh air, stared hard at a beautiful view and wished that they could change their life?

There is nothing more alluring than the concept of retiring early when you are taking an early morning swim in a hotel pool. The idea of owning a holiday home or yearning to spend more time with your family can be overwhelming when you watch your children surf the waves and dig in the sand on a blue-skied beach. For many people, being on holiday and escaping the daily train or car commute can give a new perspective on their lives, and be the spark to seek a job change or a new rhythm to life.

But the mistake too many people make is treating their holiday daydreams as just that: unachievable, wishful thinking. A holiday separates you from normality, and so the imagination is allowed to run free, and create an image of what your life might be like. But rather than acting on these ideas, most people return to their normal life unchanged. And of course that makes these desired changes predictably out of reach and beyond their control. However, at Sanlam we believe that these changes can be achievable; it is just that in many cases, people never take the first step. Whilst a summer holiday can be planned in advance, booked, saved and paid for over many months, the same financial planning is not always practised in other aspects of life, including in the pursuit of our dreams.

Wealth planning is not about making sure the best interest rate is being paid on a savings account. It is about deciding how you want your future to look, having a focus on achieving this in the short and long term, and organising your finances accordingly. Working with a qualified and experienced Financial adviser will help you to plan, both with your goals in mind and the knowledge to select the right financial products, helping you on the road to turning those wistful thoughts into your new reality.

Post-holiday Blues; Our top tips for keeping the dreams alive


Look at the present

If you want to change your life, then you need to start by reviewing your finances. Many people don’t have a clear idea of how much disposable income they have never mind a real grasp of how much they have saved in pensions. Nor do they actively review how their money is invested or update their protection policies. Before you make changes, you need to work out your starting point, and this means arranging a financial review.

Map out your future

Give serious thought to what you want from your future; drifting financially and yearning for change often go hand in hand. Those who methodically save to reach a set goal often get there, which is why those who take control of their pension savings retire when, and on an income, they chose. Those who don’t are often shocked when they find there isn’t enough in their pension pot, or they have to defer retirement.  The biggest stumbling block is finding time to do this; working with a financial adviser who helps you to review your goals and finances on a regular basis can ease this burden and provide invaluable expertise. 

Don’t be afraid to change tack

Dreams change, as do personal and financial circumstances, so don’t be afraid to re-plan. Changes may be good or bad, but whether it is moving to be nearer the grandchildren, or coping with a redundancy, the worst thing to do with significant changes in your life or aspirations would be to ignore its impact on your financial position.  And don’t forget, before you make any changes, make sure you take good financial advice. 

If you’d like to find out more about wealth management and planning, please do not hesitate to get in touch, we’d love to help. 

Date issued: 27.08.15

Please remember any views or facts expressed above are based on information received from a variety of sources which we believe to be reliable, but are not guaranteed as to accuracy or completeness. Any expressions of opinion are subject to change without notice. None of the information should be regarded as advice. Past performance is not a reliable indicator of future results. Investing involves risk and the value of investments and the income from them may fall as well as rise and is not guaranteed. Investors may not get back the original amount invested. Any tax treatment is dependant upon individual client circumstances and may be subject to change.

Sanlam is a trading name of Sanlam Wealth Planning UK Limited (Reg. in England 3879955) and English Mutual Limited (Reg. in England 6685913). English Mutual Limited is an appointed representative of Sanlam Wealth Planning UK Limited which is authorised and regulated by the Financial Conduct Authority.

Registered Office: St. Bartholomew’s House, Lewins Mead, Bristol, BS1 2NH.

Investing involves risk and the value of investments and the income from them may fall as well as rise and are not guaranteed. Investors may not get back the original amount invested.