DIY Investor Magazine
|
Oct 2017
41
There’s also a greater onus on personal responsibility in
terms of financial security with 87% agreeing that being
financial secure is important to achieving your goals.
These factors are providing impetus for people to take
greater control of their lives.
TWO GROUPS OF RESETTERS
The report identifies two distinct types of ‘Resetters’
amongst those who have taken proactive steps to live
their lives differently. 10% of the population are ‘Recent
Career Resetters’, of which 68% have changed their
career to something they feel more passionate about
in the last year, gone freelance (23%) or set up their
own business (26%). Their average age is 35, they are
more educated (49% have a degree compared to 29%
of the general population), less likely to own property
(49% compared to 61% of the general population) and
less likely to have children (48% do not have children
compared to 39% of the general population). They are
also more likely to have some savings and investments
(84% versus 78% for the general population).
The second group are the ‘Seasoned Resetters’ which
account for 19% of the population. This group has
achieved both a career change and lifestyle change
– 32% have set up their own business and 26% have
made a hobby pay. They tend to be older with an
average of age of 52. Almost three quarters (70%)
are property owners, compared to 61% of the general
population and are more likely to have higher value
savings and investments.
Consistent across all ‘Resetters’ is that they are driven,
motivated hard workers. They also ensure that the
changes they make do not have a negative impact on
them or those around them. To do this, they plan in three
ways – they ensure their financial security, strategically
plan the changes they are going to make and ensure
they are well connected making them well-placed to
take advantage of opportunities when they arise.
Financial planning
– ‘Recent Career Resetters’ are
more likely to start an investment plan than the general
population (55% compared to 27%) and 34% of
‘Seasoned Resetters’ describe themselves as already
financially secure compared to 20% of the general
population.
Strategic planning
– 81% of Recent Career Resetters
agree that they are always working towards their next
goal compared to 61% of the general population and
Seasoned Resetters tend to have achieved more goals
than the average person.
Making connections
– Recent Career Resetters are
almost twice as likely to be networking than the general
population and Seasoned Resetters are very well
connected in comparison to the general population –
they are much more likely to be volunteering (63% vs
25%) and around four times more likely than average to
be a member of a local organisation or board (13% vs
3%) or be a non-exec director (12% vs 3%).
Want to know more about ‘Resetters’? You can view our
insightful infographic
These findings have major implications for the way
that people in Britain today approach planning their
futures as they seek to take greater control of their lives.
The changes are not random but strategic. Resetting
requires planning – particularly financial planning –
to ensure that the goals people want to achieve are
attainable. Find out more:
PEOPLE ARE APPROACHING THEIR FUTURES IN A
POSITIVE, PLANNED AND STRATEGIC WAY TO ENSURE
THEY LIVE THEIR LIVES THE WAY THEY WANT TO’
85% OF THE POPULATION NOW SAY THEY WOULD
LIKE TO HAVE EVEN GREATER CONTROL OVER THEIR
FUTURE
