Here’s one of the hardest (or least asked…) questions when it comes to financial planning: “How much is enough?” It’s a simple question, but one that most people never stop to consider. We’re so caught up in the race for ‘more’ that we forget to ask ourselves why we’re running in the first place. It’s a vital question that we need to ask, so much so that Paul Armson wrote a book about it – “Enough? […]
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Some of our secret sauce
“The measure of success is not whether you have a tough problem to deal with, but whether it is the same problem you had last year.” – John Foster Dulles At WellsFaber, our mission is simple: we want you to thrive. We want you to look back and be able to see just how far you’ve come. For over three decades, we’ve been passionate about providing personalised financial advice that empowers our clients to live their […]
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The gap between our income and ego
Is money linked to our ego? It’s a question that invites us to reflect on the deeper motivations behind our financial decisions. Morgan Housel, in his thought-provoking way, suggests that “savings is the gap between your income and your ego.” This statement can be confronting, especially because it challenges us to consider the extent to which our financial behaviours are driven by a desire to maintain or enhance our sense of self-worth. While Housel’s observation holds […]
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Nudging, not judging
Change is one of those things that we all know is necessary but often struggle with. Whether it’s a change in our spending habits, our health routines, or our approach to relationships, the process can be daunting. The desire to improve is there, but the path forward isn’t always clear or easy. This is where the concept of “nudging, not judging” can be transformative. It’s about guiding ourselves and others toward positive change with gentle encouragement […]
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Inherited money stories
“The stories we tell ourselves about money become the lens through which we see our entire lives.” – Lynne Twist At WellsFaber, we often encounter clients who are living money stories they’ve inherited or absorbed over time, without realising how these narratives shape their financial decisions and overall life satisfaction. These stories might be tales of scarcity, constant striving, or equating wealth with worth. While these narratives can drive success, they can also lead to a […]
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All behaviour is communication
Have you ever paused to consider what your behaviour might be saying about you… to you? It’s a fascinating thought, isn’t it? All behaviour is a form of communication. Every action we take, every choice we make, sends a message, not only to the world around us but also to ourselves. In the realm of financial planning, this idea becomes particularly intriguing. What are our financial behaviours trying to tell us? Think about it. When you […]
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So, why do we plan?
Have you ever wondered why we spend so much time planning, even when we know that life rarely goes according to plan? It’s a curious thought, especially when it comes to financial planning. Carl Richards beautifully encapsulates this paradox: “In fact, the only thing we know for sure about any good financial plan the moment we finish designing it is that it’s wrong. We just don’t know exactly how… yet.” This might sound disheartening at first, […]
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Beyond Budgeting: Living Large with Less
“Simplicity is the ultimate sophistication.” – Leonardo da Vinci The philosophy of less is a powerful paradigm shift in our hyper-consumerist society. Embracing financial minimalism isn’t just about budgeting or cutting back—it’s about making conscious choices that align with our deepest values. This transformative approach has a profound ripple effect, touching everything from our personal relationships to our career choices, and elevating our overall quality of life. It’s about finding abundance in simplicity and discovering the […]
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Problems that seem simple at first
Life’s a bit of a puzzle, isn’t it? We look at our problems and think, “Oh, that’s straightforward enough.” But then we start digging, and suddenly we’re in a whole different ballgame. It’s like peeling an onion – layer after layer, each revealing something new. And you know what? There’s a reason for all this complexity – and it’s not just to bring tears to our eyes… Most of the time, the issues we’re facing are […]
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Wealth for new opportunities
“The goal isn’t more money. The goal is living life on your terms.” – Chris Brogan Consider the following hypothesis: The principles that differentiate market leaders from market followers in high-level business strategy can be effectively applied to personal finance management. This paradigm shift suggests a transformation from passive consumption to active value creation in one’s financial life. Let’s examine the evidence and potential implications of such a transition. In Clayton Christensen’s “The Innovator’s Dilemma”, he […]
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