Are You Time-Wealthy?

“Time is like a river. You cannot touch the same water twice, because the flow that has passed will never pass again.” Anon

We are all given the same amount of time each day.

Some people are fantastically fastidious with their time – Elon Musk famously breaks his day down into five minute chunks!

Whatever we do with our time, it is something we can’t buy more of – whether you have £100 in your bank account or £100 million, you can’t create more time.

The older we get the more value we place on time, perhaps because we know it is a dwindling resource and we feel that we need to make the most of it.

Financial Freedom

In our financial planning discussions with clients, our aim is to help clients identify their desired lifestyle and often that means having more time to do the things they really enjoy whether that be travelling, pursuing hobbies or spending more time with their family.

As such, many clients see the value of delegating their financial planning and wealth management to a trusted adviser as this frees up more time they can spend doing other things.

Our job is to determine whether, with the financial resources they have available, a client can achieve their desired lifestyle. Often clients are pleasantly surprised to find that they are financially independent or that they can retire a few years earlier than anticipated.

Once clients know that they have or are heading towards financial freedom, they are in a much better position to decide how they want to spend their time, having the reassurance that, whatever they decide to do, they have the resources to maintain their desired lifestyle.

Unlike wealth, we can’t create more time.