Nice to see you back Chris. Im still using the Voyant software that you gave me access to . Im 61 next year and now have the confidence to look at retiring very soon.
I hit my retirement fund objectives in my late 40s, my goal was to retire as early as possible. I saved as much as I could into my ISA alongside my workplace pension contributions. I encourage the younger members in my family and extended family to take their retirement planning seriously by using my own portfolio to prove to them it is possible to retire by 50.
Voyant software is epic!! Your lessons are easy to follow and I really appreciate your efforts to make it available, combined with the course. Great to have you back & many congrats.
Tip: Some thing you might be paying annually to benefit from lower premiums. So, in your monthly budgeting don't forget to include the annual items (MOT, car tax, car insurance, home insurance, etc). Just take the annual cost and divide by 12, each month you can put that money aside as an outgoing expense (I recommend setting up a completely separate account to move the money into, preferably a high interest one). Out of sight out of mind, until the annual bill comes around.
Hi there, thanks for supporting the channel! To be a financial adviser, I’d say the place to start is to find a company that will not only help you with the professional qualifications, but will give you process training on how to be compliant and how to conduct client fact find interviews etc. There are some academies, like St James’s Place, Quilter, and I think Octopus may offer something too. The only thing to be weary of is becoming ‘indoctrinated’ as a financial product salesman rather than a financial planner. I think it’s important to think about the type of adviser you want to be and to find a firm that shares the same values as you. It can be a difficult balance to strike, because ultimately you need to get clients too! The way that most people do that is by joining a firm who have got lots of clients to pass onto new advisers.
Ive only just found your videos. I dont have a private pension and dont know who to use or even where to start. Any advise extremely welcome. Thank you.
Hi there. I have noted some popular providers in the description of this video. They’re popular due to their low charges and wide investment choice. You would need to choose an investment fund to hold in the pension (like an index fund or an ETF), and there are numerous videos on TH-cam that provide help with choosing one of these. If you feel like professional assistance may be needed, you can always visit unbiased.co.uk. Feel free to contact us by email and we can always guide you in the right direction. I hope that helps.
Great to see you back Chris & big congrats on the little one - fire up the JSIPP! 💸 I'd be very interested to hear how you are setting things up for the new addition!
There is talk that the NI saving with salary sacrifice might be axed in the upcoming budget. They will say its leveling the playing field for everybody. But it will be billions in revenue for the government. I guess we will know in four weeks time.
I saw that in the news the other day as well. Lots of changes potentially afoot, but of everything that’s been mooted probably 10-20% of it will come to pass. I don’t think there’ll be much to celebrate though!
Good to see you back Chris. I will take a look at Honestmaths to see what it’s like, even though I now have access to Voyant through your course (thank you!). Looking forward to more new vids but for now just make sure you get some sleep…I feel your pain of having a new baby girl.
Haha she’s been golden tbf… Hardly any sleepless nights, but maybe that will all change 😆 Do have a look, you’ll notice the difference with what you get through Voyant, but HM is a good free starting point 👍🏼
@@mwscuba Thanks for the tip Mark! I was aiming for Rembrandt effect though so the shadow on right is intentional. Also want to avoid light bleed into background, which is difficult to avoid because there is very little space behind me. I’d love to gain more background blur but it’s really hard to do based on the space even at F2.0.
@@chrisbourne-retirementplanner thats ok but the Rembrandt effect is good for drama even better with lots of neg fill, tho a news look (key above the camera 45deg and not much of a nose shadow is often better for giving out info ) you already look like you use a soft key so you try adding 2 kick lights that often works well , space is always a problem and there isn't much you can do about that except using the 1/3 ,2/3 rule of hyperfocal distance and shallow dof but at f2 you already have that, have a googe at butterfly lighting or Paramount lighting ( both the same thing) as its also called, you can use flags, dots and fingers to control the spill but again its hard in a limited space.
Salary sacrifice reduces salary hence ability to borrow. Having said that salary sacrifice can be reversed easily and you can produce payslips with full salary (get loan approved) and then continue salary sacrifice. There are ways around it
@@chrisbourne-retirementplanner exactly that’s where I picked it up. But elaborated that it is normally easily adjustable from one month to another when you need payslips for additional borrowing
There is no guaranteed answer to that question. It will depend on what you're invested in and how it grows. That can't be known in advance. You can make some conservative assumptions about growth rates though and calculate this at the thecalculatorsite.com.
The only time (when you have savings that would otherwise cover the CC debt) to have CC debt is if its on an 18month+ 0% deal, and you are on top of it like a hawk. Why 18 months? Because to get that 0% deal you will be paying between 2% and 4% up front, so you want the longest term possible so you can outperform that rate, hopefully. In the past year, you would have easily outperformed it. Perhaps next year the market will drop, Trump effect and all that, and you'd have been better off paying of the CC anyway.
Chris great you’re back I have a defined pension with 24.6 years in I stopped contributing in 2007 but it has continued by company to put in I am 59 and have requested paperwork to retire. It has come back but if I take retirement earlier than 65 years old I have to replay 26%.!!! Do I have any options?
Hi Bob. That’s a heavy reduction factor applied, but I’m not sure there is much of an alternative here if you want to take the benefits early. It’s a trade off between waiting 6 years to get the full benefit and a higher income, or getting a lower income (and lump sum) but having it for 6 years longer. You can only weigh this up against your needs and circumstances.
All finance pros on TH-camrs will be clearing the decks for the taxation asteroid that’s incoming. Might not be seeing much of Chris in coming weeks but hopefully gives us loads of case study videos later.
Nice to see you back Chris. Im still using the Voyant software that you gave me access to . Im 61 next year and now have the confidence to look at retiring very soon.
Brilliant! I love hearing that it’s been helpful. Keep me updated on how you’re getting on.
I hit my retirement fund objectives in my late 40s, my goal was to retire as early as possible. I saved as much as I could into my ISA alongside my workplace pension contributions. I encourage the younger members in my family and extended family to take their retirement planning seriously by using my own portfolio to prove to them it is possible to retire by 50.
Chris, great to see you back - you have been sorely missed - big Congrats
Thank you so much. It’s good to be back!
Voyant software is epic!! Your lessons are easy to follow and I really appreciate your efforts to make it available, combined with the course.
Great to have you back & many congrats.
That’s great to hear! It’s always so pleasing to know that the course and software have made a big difference.
Hi Chris, always love the realistic view you take when presenting your videos 😃 Thank you Mike 🇬🇧
You’re very welcome Mike! Thanks for your comment 👍🏼
Tip: Some thing you might be paying annually to benefit from lower premiums. So, in your monthly budgeting don't forget to include the annual items (MOT, car tax, car insurance, home insurance, etc). Just take the annual cost and divide by 12, each month you can put that money aside as an outgoing expense (I recommend setting up a completely separate account to move the money into, preferably a high interest one). Out of sight out of mind, until the annual bill comes around.
Good tip 👍🏼
Yass! Another Chris Bourne video!
Thanks for watching it feels good to be back!
Good to see you back, Chris.I have missed you videos
Thanks it’s good to be back!
Great to see you back Chris, great advice as always 👍
Thanks Kevin! I’m enjoying getting back into the groove.
Brilliant video, could not be easier to understand and creates a compelling case to get started. Ive shared with my brother
That’s great to hear Trevor, thanks for sharing it.
Great to see you back buddy. Great advice 🇮🇪👍
Thank you mate glad you liked it!
Subscriber here, love your videos.
Where be a good idea to start if i wanted to become a financial adviser
Hi there, thanks for supporting the channel! To be a financial adviser, I’d say the place to start is to find a company that will not only help you with the professional qualifications, but will give you process training on how to be compliant and how to conduct client fact find interviews etc. There are some academies, like St James’s Place, Quilter, and I think Octopus may offer something too. The only thing to be weary of is becoming ‘indoctrinated’ as a financial product salesman rather than a financial planner. I think it’s important to think about the type of adviser you want to be and to find a firm that shares the same values as you. It can be a difficult balance to strike, because ultimately you need to get clients too! The way that most people do that is by joining a firm who have got lots of clients to pass onto new advisers.
Welcome back Chris you've been missed
Thank you. Always nice to hear 😊
Ive only just found your videos. I dont have a private pension and dont know who to use or even where to start. Any advise extremely welcome. Thank you.
Hi there. I have noted some popular providers in the description of this video. They’re popular due to their low charges and wide investment choice. You would need to choose an investment fund to hold in the pension (like an index fund or an ETF), and there are numerous videos on TH-cam that provide help with choosing one of these. If you feel like professional assistance may be needed, you can always visit unbiased.co.uk. Feel free to contact us by email and we can always guide you in the right direction. I hope that helps.
Don't know where you've been, maybe making a new Bourne film?
Anyway good to see you see you back.
Yeah, the Bourne Resurrection, hitting theatres soon 😄
Interesting video 👏👏 like your editing as well, what program do you use to edit your videos ?
It’s edited on Premiere Pro. I have outsourced the editing to experts now though, which is why you’ve probably noticed an upgrade 😊
@@chrisbourne-retirementplanner - thanks looks very professional 👏👏
Welcome back and great motivational video
Thanks Jonathan I appreciate that!
Great content, hope you're well sir!
Glad you enjoyed it and yes I’m very well thank you 😊
Great to see you back Chris & big congrats on the little one - fire up the JSIPP! 💸 I'd be very interested to hear how you are setting things up for the new addition!
Haha yes she’s got a SIPP and JISA already under way so she’ll end up richer than me no doubt 😆
Great to see you back Chris. I see you have a penchant for megalomaniacal autobiographies.
@@JohninRosc Thank you. Haha now that you mention it they’re definitely my thing!
There is talk that the NI saving with salary sacrifice might be axed in the upcoming budget.
They will say its leveling the playing field for everybody. But it will be billions in revenue for the government.
I guess we will know in four weeks time.
I saw that in the news the other day as well. Lots of changes potentially afoot, but of everything that’s been mooted probably 10-20% of it will come to pass. I don’t think there’ll be much to celebrate though!
Great video
Thank you 🙏
Good to see you back Chris. I will take a look at Honestmaths to see what it’s like, even though I now have access to Voyant through your course (thank you!).
Looking forward to more new vids but for now just make sure you get some sleep…I feel your pain of having a new baby girl.
Haha she’s been golden tbf… Hardly any sleepless nights, but maybe that will all change 😆 Do have a look, you’ll notice the difference with what you get through Voyant, but HM is a good free starting point 👍🏼
@@chrisbourne-retirementplanner pleased to hear she’s a good sleeper. Daughter’s are a blessing, and a box full of worry, all wrapped up in one.
should you apply an estimated future inflation rate to your target annual expenditure?
Yes, it is definitely sensible to do that.
welcome back dude, we missed you.
Thank you that’s always nice to hear!
another great video as always but move the key light slightly right and raise it a bit :)
@@mwscuba Thanks for the tip Mark! I was aiming for Rembrandt effect though so the shadow on right is intentional. Also want to avoid light bleed into background, which is difficult to avoid because there is very little space behind me. I’d love to gain more background blur but it’s really hard to do based on the space even at F2.0.
@@mwscuba Any tips for achieving that would be super helpful!
@@chrisbourne-retirementplanner thats ok but the Rembrandt effect is good for drama even better with lots of neg fill, tho a news look (key above the camera 45deg and not much of a nose shadow is often better for giving out info ) you already look like you use a soft key so you try adding 2 kick lights that often works well , space is always a problem and there isn't much you can do about that except using the 1/3 ,2/3 rule of hyperfocal distance and shallow dof but at f2 you already have that, have a googe at butterfly lighting or Paramount lighting ( both the same thing) as its also called, you can use flags, dots and fingers to control the spill but again its hard in a limited space.
@@chrisbourne-retirementplanner where are you based ?
@@mwscuba Thanks for that Mark I really appreciate the info! I’m based in Wolverhampton.
Tip - switch off the lights behind you - think of the savings 🙂 - no seriously thanks for the content
Haha good job energy prices have gone down a bit. Thanks for watching 😊
Yes his back 👍
It’s good to be back!
Salary sacrifice reduces salary hence ability to borrow. Having said that salary sacrifice can be reversed easily and you can produce payslips with full salary (get loan approved) and then continue salary sacrifice. There are ways around it
Yes, that’s true. I noted that on the example.
@@chrisbourne-retirementplanner exactly that’s where I picked it up. But elaborated that it is normally easily adjustable from one month to another when you need payslips for additional borrowing
@@porschecarreras992cabriole8 Good point.
Investing is a necessity and not a luxury.
I agree.
I want to know putting £500 into a pension a month for 10 years what would you get back with nest once retired.. Could you do a video on it please
There is no guaranteed answer to that question. It will depend on what you're invested in and how it grows. That can't be known in advance. You can make some conservative assumptions about growth rates though and calculate this at the thecalculatorsite.com.
Trying to invest whilst having high interest debt, is like trying to run a marathon with your shoe laces tied together!
Yes! Good analogy 👍🏼
The only time (when you have savings that would otherwise cover the CC debt) to have CC debt is if its on an 18month+ 0% deal, and you are on top of it like a hawk.
Why 18 months? Because to get that 0% deal you will be paying between 2% and 4% up front, so you want the longest term possible so you can outperform that rate, hopefully.
In the past year, you would have easily outperformed it.
Perhaps next year the market will drop, Trump effect and all that, and you'd have been better off paying of the CC anyway.
But yiu have to pay tax when you draw on your pension?
It depends on how much you take out and when. You do have a Personal Allowance to use, and an entitlement to tax free lump sum.
Looks like you’ve spent the time in between videos lifting some big weights Chris 🤣
Haha! I’m trying to get on Gladiators 😆💪🏼
ha. I was on Gladiators. YT "Gordon James Gladiators"
just down the road from you in Birmingham.
Chris great you’re back
I have a defined pension with 24.6 years in I stopped contributing in 2007 but it has continued by company to put in
I am 59 and have requested paperwork to retire. It has come back but if I take retirement earlier than 65 years old I have to replay 26%.!!!
Do I have any options?
Hi Bob. That’s a heavy reduction factor applied, but I’m not sure there is much of an alternative here if you want to take the benefits early. It’s a trade off between waiting 6 years to get the full benefit and a higher income, or getting a lower income (and lump sum) but having it for 6 years longer. You can only weigh this up against your needs and circumstances.
All finance pros on TH-camrs will be clearing the decks for the taxation asteroid that’s incoming. Might not be seeing much of Chris in coming weeks but hopefully gives us loads of case study videos later.
I’m sure there’ll be a few to share!
You been working out Chris?
Your arms are looking chunky…
Fortunately I’ve got a gym at home, so there’s no excuses for me not pumping the iron hard! 😆