Bertie Nel, Head of Financial Planning and Advice at Momentum
As we step into the new year, it’s easy to set resolutions that will fix all our problems and set us on the right path to success. Yet, when it comes to our financial journey, some aspects demand a commitment beyond just a budget or savings goal to leaving a legacy by ensuring our financial planning benefits more than just ourselves.
According to Bertie Nel, Head of Financial Planning and Advice, Momentum, we’re bigger than our money struggles. Financial consciousness is on the rise, resulting in renewed interest in sustainable and future-focused financial plans. “More than ever, we find that while financial planning has become a priority for consumers, it now goes beyond providing for family and loved ones to caring about the planet and their wider communities.”
Sustainably invest for a better tomorrow
For those who view success through the lens of sustainability, Nel says the journey extends beyond personal gain. “Investing in sustainable products, shares, and companies becomes a conscious choice to protect the environment and uphold ethical financial behaviour.”
However, he warns such a commitment should not be confined to the ticking clock of a new year but must be a guiding principle in every financial decision you make.
“Diversify your portfolio with an eye toward industries that champion environmental causes. Make sustainable investing a core tenet of your financial strategy, adapting to and evolving with the ever-changing landscape of responsible business practices. For your investment to be a force for positive change, it requires continual commitment, not just a once-a-year resolution,” says Nel.
Legacy building: Beyond wealth towards enduring impact
True success transcends personal wealth, it’s about the legacy we leave for future generations. Nel says building a legacy involves not only accumulating assets but also imparting financial wisdom to the next generation.
Invest in education for yourself and your loved ones. Share your financial experiences, successes, and mistakes. Equip the next generation with the tools and knowledge to navigate the complex world of finance. “Your legacy is not just about the money you leave behind but about the values, principles, and financial literacy you pass on. It’s time to take back your power in the new year,” says Nel.
The true value of sound financial planning advice
“True success is when one’s financial plan aligns with your values and beliefs. As such, ethical decision-making should also be a guiding principle throughout the year, not just a once-off new year’s resolution,” says Nel.
“Let 2024 mark the continuation of your financial odyssey as you manifest your money ambitions in a sustainable way. Financially speaking, truly meaningful new year’s resolutions are aimed at leaving a legacy; instilling enduring principles that shape a prosperous journey to success,” concludes Nel.
ENDS
