Boost wealth by a third says experts
Financial experts are claiming that people can increase their personal wealth by 30 per cent with the correct management of their finances.
According to Premier Business Finance Consultants (PBFC), if Brits knew what to do with their money, their wealth could multiply.
'People get into a comfort zone and stick with what they know. They are always sceptical about change particularly when it comes to managing their money,' said Michael Kenney, director of PBFC.
Mr Kenney suggests that a little attention on the finances could reap big benefits, and the action doesn't have to be that time-consuming.
For example, switching mortgage providers to one offering a better deal could effectively add ten per cent to an income and the firm believes that most people could probably benefit from changes.
'I don’t just work with super rich individuals; I believe almost everybody could be advised to consolidate and restructure their financial assets to make their money work for them,' said Mr Kenney.
'I urge people to become more imaginative about organising their finances. It is all too easy to feel nervous about your money and leave it where it is doing nothing. There are numerous opportunities that exist giving all sorts of people that chance to improve their financial status,' he added. |