At SFP, we always remind our clients that there is a deep connection between emotional intelligence and lifestyle financial planning. Emotions and feelings play a significant role in our financial decisions, and expressing and managing them effectively are crucial for achieving financial wellness. In this post, we’ll discuss the importance of emotional intelligence and provide an eight-step framework for emotional visualisation to help you make better financial choices. Emotional intelligence (EI) refers to recognising, understanding, and […]
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Financing a life you love
When it comes to financial planning, many believe that the ultimate goal is accumulating as much money as possible. However, this approach may only sometimes lead to a fulfilling lifestyle. Instead, it’s important to consider what kind of life you want and then create a financial plan that allows you to achieve that lifestyle. As Chris Brogan said, “The goal isn’t more money. The goal is living life on your terms.” This means that financial planning […]
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Five Money Myths Debunked
At Succession Financial Planning, we understand that money has been a captivating subject for people throughout history. Yet, despite our fascination with it, numerous myths and misconceptions about money can adversely affect our financial health. This blog will debunk five widespread money myths and explain why they don’t hold up. Myth 1: More Money Equals More Happiness A prevalent myth is that possessing more money leads to increased happiness. While money can undoubtedly alleviate financial pressures […]
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From master to servant: how to take control of your money
Money can be both a master and a servant in our lives, depending on how we choose to approach it. As P.T. Barnum once said, “Money is a terrible master but an excellent servant.” Let’s explore what this means and how we can ensure that money serves us rather than the other way around. Money as a master can be a daunting prospect. It can feel like we are constantly at its mercy, always struggling to […]
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Character Strengths and Financial Wellness
Many people overlook the importance of personal qualities when it comes to managing their finances. However, research in positive psychology suggests that understanding and utilising our character strengths can significantly improve our financial well-being. Character strengths are the positive traits that define who we are and how we behave. PositivePsychology.com provides an extensive list of these strengths and helpful interventions and worksheets to help develop them. By harnessing these traits, we can make better financial decisions, […]
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Inbox zero = energy zero
For years there have been copious books, blogs and articles written on healthy time and energy management, and in today’s digital environment, it’s even more essential for success. Experts suggest a shift in how we approach our daily routines, starting with our emails and social media notifications. While our email inbox or WhatsApp notifications may seem like the most urgent priority, it can often lead to “energy zero” if we are not careful. After running a […]
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The three-legged stool
“Financial security and independence are like a three-legged stool resting on savings, insurance and investments.” – Brian Tracy. When it comes to financial planning, many people focus on investing as the key to financial security and independence. However, as Brian Tracy points out, financial security and freedom require a three-legged stool resting on savings, insurance, and investments. Savings are a crucial component of financial security and independence. Without savings, unexpected expenses or emergencies can quickly derail […]
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Stay motivated and committed to change
Staying motivated to change can be a challenge! It’s too easy to fall into old patterns and habits. It can be difficult to remain committed to change because change can be a complex process that requires effort, discipline, and perseverance. Sometimes, people need more motivation to change, and with a clear and compelling reason, it can be easier to stay committed. Negative self-talk, such as negative thoughts and self-doubt, can erode commitment and motivation. Some of […]
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Thinking, feeling and acting
Thinking, feeling, and acting are interrelated processes that shape our behaviour, and they often become so habitual in our busy lives that we are no longer mindful of them. We lose control of being intentional about the direction our lives are taking – and this often shows up in our finances. Therefore, it is important to be aware of our thoughts and feelings and how they influence our actions, especially concerning financial behaviour. Essentially, thinking refers […]
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Knowing when to push pause
Balance is an essential aspect of our lives and plays a crucial role in our financial planning. Striking a balance in different areas of our lives can help us achieve financial stability and avoid potential pitfalls. It’s important to be aware of your limits. If you’re unsure whether to watch, read, or participate in something, it’s a good idea to hit the pause button. Maybe you’ve been offered a new job, or perhaps you have heard […]
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