The term HENRY is short for High Earners Not Rich Yet and characterises younger people, mostly millennials and Gen Zs who have relatively high earnings and little by way of savings. The term was first coined in a 2003 Fortune Magazine article.

According to a New York Post article HENRYs don’t feel particularly wealthy preferring to spend their earnings to maintain their lifestyle – travelling to the latest destinations, eating at trendy restaurants or splurging on spa treatments – rather than save for their future.

How We Can Help

We believe that it is important to do both; to enjoy your lifestyle today and to lay the foundations for your financial future.

Foundation Financial Planning Service

At Mangu Wealth Management, we offer a Foundation Financial Planning Service which is aimed at young professionals and those starting out on their financial planning journey.

Our aim is to help you lay the foundations of a long-term financial planning strategy which can include:

Successful budgeting.
Setting short, medium and long-term goals.
Building cash savings in case of an emergency.
Ensuring that you have insurance policies in place in case something bad happens and you can no longer work.
Making the most of your Workplace Pension.
Making regular investments for the long term.

It doesn’t take a huge amount to start planning for the future and it doesn’t need to compromise your lifestyle today.

Contact Us

If you find that you are living from pay cheque to pay cheque and want the peace of mind of building wealth for the future, please do contact us.

Contact Us