In this thought-provoking episode of The Wealth Whisperer, Hazel explores the concept of "financial shifting sands," drawing parallels between the ever-changing nature of desert landscapes and our financial situations. The discussion emphasises the importance of recognising that income, job security, and economic conditions are in a constant state of flux.

KEY TAKEAWAYS

• Financial Shifting Sands: Life and financial situations are constantly changing, much like shifting sands in a desert. It's important to acknowledge that nothing remains the same forever, including income, job security, and financial markets.
• Income Awareness: Be mindful of your income sources, as job stability can fluctuate due to various factors such as redundancies or changes in government policies. It's crucial to stay prepared for potential shifts in your financial situation.
• Banking Risks: Understand the implications of bank bail-ins, where depositors' funds may be used to support failing banks. It's advisable to ensure that your deposits are covered by financial compensation schemes and to diversify your funds across different banks.
• Pension Management: Regularly review your pension pot to ensure it is on track to provide sufficient income for retirement. Be proactive in seeking better-performing options and do not solely rely on state pensions.

BEST MOMENTS
"Nothing ever does stay the same. Even moment by moment, things change in our experience."

"You become a creditor to the bank. That money goes into the bank, the bank lends it elsewhere."

"You need to keep an eye on things and keep open for anything that may affect our financial situation."

"It's good to acknowledge and know how that's going to affect you. Don't just bury your head in the sand."

VALUABLE RESOURCES

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ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free. 

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'. 

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.