Page 37 - DIY Investor Magazine | Issue 33

‘SCRABBLING DOWN THE SOFA FOR LOOSE CHANGE OR CALLING UNCLE PUTTING ON A QUAVERING “WOE IS ME” VOICE’
Sounds easy, right? But in reality Meena suffers the slings and arrows of outrageous fortune, some months are good, some are bad, and her best laid schemes gang aft agley.
Some months she doesn’t transfer that £275 because she needs to pay suppliers or cover her personal/household costs, and some months she looks at the balance in her set-aside account and can’t resist buying that new iPhone.
Result: come 31st January she’s scrabbling down the sofa for loose change or calling Uncle putting on a quavering “woe is me” voice.
However, with a few nudges from a business adviser, or her support network (friends & family, fellow entrepreneurs), she can get back on the right track. Furthermore, if Meena sees unforeseen returns such a pleasant surprise may kickstart a sustainable habit, and even persuade her to start long-term financial planning such as pensions.
And even if you’ve been self-employed for a time it’s not too late to start this process and feel the benefits...
FIND OUT MORE:
37
DIY Investor Magazine · Apr 2022