Background
Mr Physician aged 38, married to Mrs Teacher aged 34, no children. Looking to accumulate wealth. Thinking about starting a family.
Concerns
- Worried about debt.
- Wanted to maximise their current lifestyle.
- Wanted to save for the future.
What we did
- Created a financial plan which:
- Set out their short term budgetary requirements.
- Established a repayment plan to reduce borrowings.
- Gave them a savings plan to aspire to.
- Reviewed their existing protection needs and advised on current needs.
- Referred the client to a solicitor to draft Wills.
The results
- Protected their liabilities.
- Reduced their borrowings.