I’ve organised the Financial Intelligence Course primarily to help me understand and take control of my money. I wanted to learn about the Golden Rules, borrowing to create wealth, how tax breaks can help to make you money and how to avoid biased or isolationist advice and then put it all together in an action plan to achieve my financial goals -so I’ve sought expert Paul Overy who provide you the best advice and information to help determine your financial future-I’ve made all the arrangements and wish to spread the costs amongst the group to just €200. (a session with Paul normally costs €5,000 but by sharing the cost amongst a group we can access his vast expertise for a tiny fraction of that).
The Course will, first of all, demonstrate why 95% of Irish people are broke in retirement (despite the fact that most lived through close to 20 years of the Celtic Tiger) and thus why all of us need to abandon the practices of the past and take a different approach to Financial Planning. It goes on to give real life, numerical, examples of the actions many can take immediately to improve their tax efficiency, to increase profits on investments (both existing and future), and learn to think and act differently to ensure a better financial future for ourselves and our dependents.
In 2009 the HSE means tested the Free Medical Cards for the over 70′s and 95% of people in receipt of their free care retained it. Put another way, in 2009, an Institution of the State found that 95% of Ireland’s elderly are too poor to keep themselves alive! This shocking statistic is not a result of the recent economic turmoil, but is a damning indictment on the Financial Advice industry. Accountants, Independent Financial Advisers and Tied Agents of the financial institutions have all played a role in delivering this result (by the way they are not immune form the problems, as 95% of these people are broke in retirement too). As you know, most Financial Advisers (defined in Irish Law as someone licensed to sell financial products) are not advisers at all, instead they are selling agents for the products produced by Insurance Companies and Banks. Such products come to the marketplace with the financial institution’s and the sales agent’s profit already enshrined in their terms & conditions, placing the profitability of the buyer in necessarily no better than third place. It is impossible to get impartial and unbiased “advice” from any source when they are receiving a payment to sell you a product.
Recognising this simple truth (it is hard to argue we have a functioning financial advice system when 95% of our citizens end their days State Dependent, is it not?) is the first step towards ensuring we do not end our days like the 95%. If things do not change, they are bound to stay the same and to change the end result, all of us need to change how we plan for the future, the way we take advice, the way we purchase financial products and the way we pay for these needs. If we do not change, if we continue to follow the same advice that has led our peers to their less than comfortable retirement, we will end up in the same place.
The changes that will deliver the very best financial future anyone’s circumstances will allow include:
• Stop making ISOLATED decisions – The practice of taking financial advice from multiple sources is part of the problem, leading to serious inefficiencies in the way people manage their financial affairs and often serious erosion of their real Net Asset Value (NAV).
• Stop abdicating responsibility for our money to others – We all need to learn more about money, about how the financial system works, about taxation and the diversity of other financial products (that do not pay a commission and so are routinely ignored by the commission remunerated financial advisers) available. As far as I can tell, only about 30% of the financial products available to Irish clients pay a commission, which means that most people’s financial advice is being formulated ignoring 70% of the financial products people could use to improve their profits and value for money.
Tickets are €200 but you will get advice that will save you much much more than that!
Date: Saturday 1st October.
Duration: Full Day (start time 10am finish time to be confirmed)
Investment: €200 per delegate (spouses/partners can attend for an additional €100)
A copy of the book “Tricks of the Rich” will be provided to the first 20 attendees (which includes CD with spreadsheets to calculate your current financial position)
To arrange a ticket click on THIS LINK
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