Engage. Plan. Reflect. Adjust. Repeat. (Prosper!)

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 the first time I ventured into the heart of France; the intoxicating mix of awe, excitement, and the occasional bout of homesickness. Navigating unfamiliar streets, tasting exotic cuisines, and, most crucially, understanding a new way of life. 

It was an adventure in every sense of the word, much like embarking on the journey of global financial planning and discovering the intricacies of managing financial nuances across borders. It required a blend of caution, curiosity, and a willingness to learn and adapt. Just as one would take those initial exploratory steps in an unfamiliar city, the foundation of financial planning necessitates a similar approach.

Engage: Just as those first few days in a new place are about grounding yourself, financial planning begins by engaging with your current circumstances. Recognise where you are, what you’ve got, and what you’re aiming for—especially when you’re an expat with assets spread across continents.

Plan: Once familiar with your surroundings, it’s time to strategise. Think of it as plotting out the landmarks you wish to visit in your new city. From drafting wills and power of attorney, securing your future with life insurance and income protection, to understanding investments and pensions – this phase is about setting clear waypoints.

Reflect: After charting the course, it’s vital to take periodic breaks to analyse your financial trajectory. Are the returns on your investments aligning with your expectations? Is your cash flow matching your forecasts? By both reflecting on and analysing your financial journey, you ensure that you remain on the right path and are aware of the financial vista.

Adjust: Our goals and circumstances often shift as seasons change and new experiences mould us. Just as one might find a more scenic route to a destination after multiple visits, our financial strategies may need refining. In a dynamic global financial landscape, it’s essential to optimise our approaches to stay aligned with evolving goals and realities.

Repeat (& Prosper!): Prosperity isn’t just an endgame. It’s the sweet realisation that you’ve discovered a winning formula – something that works for you and your family. Much like the pleasure of revisiting a cherished locale and selecting your favourite paths, financial success is about recognising what works and choosing to prioritise its application in your strategy.

Finding this kind of new rhythm, whether geographically or financially, offers challenges and exhilarations in equal measure. As a Certified Financial Planner (CFP®) specialising in global financial planning, I invite you to embark on this odyssey with me. Let’s engage, plan, reflect, adjust, and weave a tapestry of prosperity into your global narrative.

Related Articles

Retiring abroad

Retiring abroad is a dream for many expats, offering the promise of new adventures, cultural experiences, and a change of pace. However, planning for retirement

Stuck in the middle with you

If you find yourself sandwiched between the financial responsibilities of supporting ageing parents and grown children while trying to save for your own retirement and