In this episode of 'Get Financially Fit', Debbie Hancock speaks with Brad Ainsworth BCAv, a financial advisor and founder of Cathedral Wealth Management. They discuss the importance of personal financial planning for business owners, the significance of setting personal financial goals, and the need for financial education from a young age. Brad emphasises the importance of planning for retirement, utilising pensions for tax efficiency, and building good financial habits. They also touch on the role of financial advisors and the balance between planning for the future and enjoying life in the present.takeawaysFinancial freedom is essential for business owners.Understanding personal financial goals is crucial.Business owners often overlook personal financial planning.Pensions can be used to reduce corporation tax.Building financial habits early is key to wealth.The Milly effect helps in monitoring finances.Financial advisors provide valuable expertise.Planning for the future should not come at the expense of enjoying life now.Wills and power of attorney are vital for financial security.Supporting new business owners with financial education is important.Sound Bites"Financial freedom is so important.""You need to know what your number is.""Get the foundations in place first.""Pensions are a vehicle to save tax.""What are you saving for?""It's about what do people want.""You don't know what you don't know."Contact Brad: https://www.linkedin.com/in/bradainsworth/https://www.cathedralwealthmanagement.co.uk/contact-us/https://springboard2business.org/s2b-mentors Hosted on Acast. See acast.com/privacy for more information.

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