This article was originally posted on spoonfulofsarah.com and has been reposted with permission. Read the full post here.
I don’t know whether it’s because I’m fast approaching the 30th birthday milestone or because the prospect of getting married has made me realise I can no longer deny being a real adult, but lately I’ve started to think more about future planning and getting the most out of my finances. I’ve always been an excellent saver and I perform some spectacular financial gymnastics in our businesses in terms of cash flow and budget, but anything further ahead than a few weeks or months has generally been pushed to the back of my brain as “too dull”, “too numbersy” (yes, I’m sure it’s a word) or just “not urgent enough” in our busy schedule.
That started to change, though, earlier this year when it struck me that our businesses have grown bigger than we ever planned for and that they might be around further into our future lives than we had expected. I realised I don’t have the first clue about how to sensibly invest anything we eventually take out of them, how to manage the tax implications most effectively, or how to make the benefits most sustainable. After asking a few friends I consider financially savvy, I realised I’m quite late to the financial planning party that many of them have been raging at for quite some time now to set themselves up best for the future. And as if the universe heard the cogs in my brain ticking away, it conspired for me to meet the lovely Victoria of Zella Wealth at Vogue Codes the other day.
Turns out that Zella Wealth is a boutique financial planning firm founded to make financial wellbeing and future strategy more accessible to millennials so that we can make smarter decisions earlier on rather than in retirement, when it can be too late to make a difference. What had once seemed boring to me was suddenly absolutely fascinating as Victoria ran me through the many factors at play when planning your financial future. I’m still grappling with a lot of it so can’t share much in depth without butchering it completely, but since tax time is upon us I thought I’d share a few of the higher level interesting tips she has passed on so far. Particularly for influencers and bloggers, there is so much I wasn’t aware of, so here’s a few that might be relevant:
Can’t wait to see what other pearls of wisdom Zella have up their sleeve, stay tuned!