The global economy is an ever-shifting landscape; understanding the trajectory of inflation is crucial for savvy financial planning. Here, we delve into five key insights about global inflation and its anticipated trends, offering a clear perspective for your financial strategies in the coming years. Projected Global Inflation Rates The financial crystal ball for 2023 and...Continue reading
Recently, I’ve been pondering the concept of balance. It’s a term we often associate with the well-worn phrase “work-life balance,” but that’s just skimming the surface of its true depth. Balance in our lives extends far beyond the simple dichotomy of work and leisure; it seeps into every facet of our existence – our relationships,...Continue reading
The UK’s financial landscape is undergoing a significant transformation with the introduction of the Consumer Duty by the Financial Conduct Authority (FCA). Set to take effect from this month (officially from 31 July 2023 for new and existing products or services that are open to sale or renewal and will come into force on 31...
Plotting the future of your finances doesn’t have to be a journey into the unknown, thanks to the clarity provided by cash-flow modelling. At its core, cash-flow modelling is a technique used to forecast your financial future, allowing you to visualise the impact of your financial decisions today on your life tomorrow. What is cash-flow...Continue reading
Ever caught yourself driving home and suddenly realized you barely remember the journey? It’s a classic case of running on autopilot, a state we often unknowingly slip into during our daily routines. Interestingly, this autopilot mode isn’t confined to just our driving habits; it extends into how we manage our finances too. Imagine this: day...Continue reading
Between the ebb and flow of daily life and the cacophony of financial jargon, tools, and evolving strategies, it’s alarmingly easy to lose sight of the path ahead. What often starts as a journey towards security and prosperity can quickly become muddled with distractions and diversions. Yet, beneath the layers of complexity, the essence of...Continue reading
Every new beginning, whether setting foot in a foreign country, meeting someone new or trying out a novel hobby, comes with its unique rhythm of discovery, learning, adapting, and evolving. These cycles of initiation, understanding, adjustment, and eventual mastery aren’t limited to personal experiences alone; they mirror the intricate dance of financial planning. I remember...Continue reading
At Northern Cross Wealth Management, we believe that being wealthy goes beyond accumulating vast sums of money through relentless hard work. If you’ve achieved financial success, do you still find yourself chained to your work, even during your time off? While pursuing wealth is undeniably significant, it’s crucial to remember that being truly wealthy is...Continue reading
It’s not just about bank balances; it’s about life balances. The more we understand the psychology of money, the more we are reminded that wealth isn’t just a number in a spreadsheet or a line on a graph; it’s a deeply personal concept that varies from one individual to the next. Just as some might...Continue reading
If you’ve ever lived abroad or dealt with international finances, you know how the seemingly simple can become complicated. Add to this, the language of finance and financial planning itself is complex enough; and then if we add the challenges of different currencies, tax laws, and cultural expectations into the mix, you’ve got a web...Continue reading
Navigating the financial planning landscape can sometimes feel like wandering in a maze. Without a clear sense of direction, it’s easy to take a wrong turn. What if I told you that there’s a simple compass available that can guide you toward your most rewarding financial future? Understanding your ‘why’ matters; understanding it can revolutionise...Continue reading
Amid the ebb and flow of our daily lives, it’s always wise to pause and examine our financial situation. Regardless of the time of year, taking stock of our fiscal health can lead to better financial decisions and peace of mind. From the global pandemic’s long-reaching implications to geopolitical tensions and widespread inflation, our fiscal...Continue reading