[Music]
good morning how are we all so I’m here
today to talk about something that I’m
very very passionate about but it’s not
about me it’s about the people that I
come across in my day to day job and I’d
like to tell you a story about a lady
called Katherine so Katherine was very
much like many women that I come across
she was in her 50s and around 10 to 15
years away from retirement she spent a
long time in her career working very
hard doing two jobs and looking after
her young child who at that time was now
23 imagine he’d worked that hard and
then the bank was writing to you telling
you you had to sell your home and you
had to move out within the next year you
put it off and he put it off and that
date just got closer and closer the home
that you’d lovingly built and put all
your beautiful possessions around and
painted the walls and decorated as you
wished you were being told was no longer
your home and you had to sell it and you
had to move out and you didn’t know
where you were going to go it’s a pretty
scary situation I think you’d agree and
it’s not something that I certainly
would want for me or my family or anyone
that I know but it’s a situation I see a
lot of women come across so this leaves
me to ask the question why why are we in
that sort of situation where this is
happening quite a lot so I started to do
a little bit of research men in their
30s are 60% more likely to have savings
and women women in their 50s 70 percent
of them are actually not feel that
they’re ready for retirement at all and
women in their 20s 54 percent of them
feel that even know where to start when
it comes to getting financial advice and
that really resonated with me and really
shone through from the examples that I
see am I
today life so it is because women are a
little bit stupid or not that clever no
I wouldn’t I would totally not agree
with that and and actual fact and women
or young ladies or 10% more likely to
get GCSE levels higher than boys sorry
boys and at university level and ladies
are 11% more likely to go to university
I’ve got a very British cold coming on
so we’re certainly you know we’re all
eco opportunities we’re all in the same
boat so why is just happening so it led
me to look at the education system
itself and maybe that was going to give
me a few answers and for many years of
campaigning the National Curriculum in
2016 put into place at secondary school
level and budgeting it’s not a quite a
compulsory section of the curriculum but
it’s something that all the children
would start now going through but
budgeting is not really enough to
explain how things should really be in
this world does it explain compound
interest or how to buy your first home
or how credit card interest rates are
calculated or how you save and how you
put money aside no not really it doesn’t
really do enough we cannot rely on such
a system to educate our children now
they think back when I was at school
what that education looked like when it
came to maths and you’ll remember that
questionnaire that said mary has two
pounds and goes into the farmer’s shop
apples cost 20 pH and Mary wants to buy
three apples how much change does she go
like that really helps you with your
money and explains how you mean to save
and spend your money like seriously so I
stand here today and an independent
financial adviser and the principal of
my own independent financial adviser
firm which is something I’m very proud
of I’m a multi award-winning business
owner and have exams in advance
financial planning however I didn’t go
to university I left school at 15
and let’s just say I wasn’t one of the
clever ones at school that’s probably
the polite way of putting it and in
actual fact don’t tell anyone I got an F
in maths it’s very true however if I can
achieve such amazing things that doesn’t
dictate our story our journeys and our
stories where we start and where we are
today is not necessarily what dictates
where we should be in the future I had
to really dig deep to change my story
and make a difference for myself and my
family’s future and I know that everyone
in this room and anyone in this world
can do exactly the same thing that the
education system isn’t really what to
give us all the answers what else should
I look at let’s talk about salaries and
money so 52% of women work part-time
compared to 13% of men we all pretty
much know that don’twe that’s sort of
still a bit of a given now when it comes
to salaries men and women in their 20s
earn about equal and run about the same
amount but as they start to get older
women in their 30s and 13% less and by
the time they’re in their 50s they own
16 percent less than men now there are
big strives things happening with that
and there are massive things that are
happening all over the world and
globally around this but it’s still
unfortunately the cases as we are today
so when it comes to getting financial
advice women have a more or a bigger
reason to get financial advice we have
bigger gaps in our employment we have
bigger gaps in our pensions and our
savings and that’s not even mentioning
separating and having divorce which has
a massive detrimental effect effect on
women as well I’ve got an 8 8 month old
baby so I will share with you that
whilst I was on maternity leave I had to
take a step back from my pension
contributions that’s something that I
had to do because I couldn’t afford to
run my business pay my bills and pay
myself enough money and pay into my
pension contribution now that was only a
short period
time but even myself being with as I am
and the qualifications I had I had to
really think that through and I really
had to make a positive decision around
those elements having said all of this
only 7% of women would be more likely to
go and get financial advice for their
retirement even though we have a more
justified reason to need to go and get
it that led me to think about the
financial services industry in itself
which I’ve been part of for 18 years now
the government have done some quite
great things and they put in place a
mortgage urn so the Money Advice bureaux
which is a massive wealth of information
there’s many websites out there where
people can go to get financial advice
but most of them when it comes to
getting more specific advice to really
what my needs are how does that apply to
me you’re directed to an independent
financial advisor now because of
regulation there’s something called RDR
which was a retail distribution review
which was put in place by the
regulator’s of financial conduct
authority and they dictated how those
financial advisers charged clients now
that meant that unfortunately a lot of
independent financial advisors because
there’s only so many hours in a day
they’re looking for the money that’s
going to make them the most money okay
it’s a fact of life now what that does
mean is that they’re all after the same
type of clients and it means that
everyday people that actually earn quite
well are getting overlooked and they’re
not getting the advice that they need so
this is also very much compounded in
many different ways in the recession in
2008 1.3 million people were made
unemployed and that was at a time where
our recession was at the highest and it
was a point where the UK debt levels
were at its highest as well so if we
look at all these sort of massive
compounding issues what is the solution
what how can we sort of change this
cycle and really make a difference now I
believe that women are the answer now
that doesn’t mean that
spend this and spend this on shoes
because obviously I like my shoes
however it is about making the right
financial decisions at the right time
for them and with more women looking
after the household finances now is the
time for those women to step forward and
really make a difference not only for
their future but their children’s future
because I truly believe that the more
women that make empowered and educated
financial decisions and see the
appositive effect of that so they’re
creating their own wealth and they’re
growing their own legacy that they will
then share that with their children and
their children will share that with
their children’s children and that
actually the wealth of society will be
more spread and that wealth wouldn’t
necessarily be just with the wealthy so
so I’ll tell you a little bit what
happened to Katherine
yeah so Katherine was in the situation
where she potentially was having to move
out of her house and really go into
retirement with no assets no money in
the bank because with the rent levels if
she moved out and rented that pot of
money that she had left over who didn’t
dwindle really really quickly which is
not a great situation to be in when you
come into retirement because then you’ve
still got the rent to pay and you don’t
necessarily want to work enough to have
to pay that large amount of rent
thankfully what happened if Kathleen is
she went through a really great process
and it was a huge learning curve for her
but she didn’t sell her home but she did
move out she moved out and she rented it
to another couple and somebody else paid
her mortgage for her she remortgaged
paying off the old bank and borrowed a
little bit more to buy a second property
that second property she also rented out
and both assets gave her an income that
paid her rent so when she went into
retirement
she was then in a position actually she
had an income or she had options with
her assets that she could either sell or
move into one of them sell one of them
it gave her options and wealth the money
isn’t necessarily about
Financial Planning it’s actually about
giving you financial options in life 3.6
billion people have the same wealth as
eight men I’ve got the right fingers out
of and I guess that was always a panic
moment Thomason said again three point
six billion people in this world had the
same wealth as eight men as half of the
world basically imagine if those eight
men were eight women what type of world
or society would we live in I feel that
possibly that actually the world’s
wealth would be more spread and more
even an actual fact that the world’s
wealth wouldn’t just lie with eight men
or eight people it would be with all
kinds of people from all kinds of work
backgrounds different ethnic backgrounds
different places in society in different
points in life I truly believe that
being wealthy isn’t for those just those
who have wealth an actual fact being
wealthy is for all of us I encourage you
all to if you are very empowered of your
money already and you’ve got your thing
together that you reach out to those
that need help and help them along on
their journey and equally if you feel
that you need help that you reach out
for that help as well because together I
really feel that we can all make a
difference thank you very much
you
good morning how are we all so I’m here
today to talk about something that I’m
very very passionate about but it’s not
about me it’s about the people that I
come across in my day to day job and I’d
like to tell you a story about a lady
called Katherine so Katherine was very
much like many women that I come across
she was in her 50s and around 10 to 15
years away from retirement she spent a
long time in her career working very
hard doing two jobs and looking after
her young child who at that time was now
23 imagine he’d worked that hard and
then the bank was writing to you telling
you you had to sell your home and you
had to move out within the next year you
put it off and he put it off and that
date just got closer and closer the home
that you’d lovingly built and put all
your beautiful possessions around and
painted the walls and decorated as you
wished you were being told was no longer
your home and you had to sell it and you
had to move out and you didn’t know
where you were going to go it’s a pretty
scary situation I think you’d agree and
it’s not something that I certainly
would want for me or my family or anyone
that I know but it’s a situation I see a
lot of women come across so this leaves
me to ask the question why why are we in
that sort of situation where this is
happening quite a lot so I started to do
a little bit of research men in their
30s are 60% more likely to have savings
and women women in their 50s 70 percent
of them are actually not feel that
they’re ready for retirement at all and
women in their 20s 54 percent of them
feel that even know where to start when
it comes to getting financial advice and
that really resonated with me and really
shone through from the examples that I
see am I
today life so it is because women are a
little bit stupid or not that clever no
I wouldn’t I would totally not agree
with that and and actual fact and women
or young ladies or 10% more likely to
get GCSE levels higher than boys sorry
boys and at university level and ladies
are 11% more likely to go to university
I’ve got a very British cold coming on
so we’re certainly you know we’re all
eco opportunities we’re all in the same
boat so why is just happening so it led
me to look at the education system
itself and maybe that was going to give
me a few answers and for many years of
campaigning the National Curriculum in
2016 put into place at secondary school
level and budgeting it’s not a quite a
compulsory section of the curriculum but
it’s something that all the children
would start now going through but
budgeting is not really enough to
explain how things should really be in
this world does it explain compound
interest or how to buy your first home
or how credit card interest rates are
calculated or how you save and how you
put money aside no not really it doesn’t
really do enough we cannot rely on such
a system to educate our children now
they think back when I was at school
what that education looked like when it
came to maths and you’ll remember that
questionnaire that said mary has two
pounds and goes into the farmer’s shop
apples cost 20 pH and Mary wants to buy
three apples how much change does she go
like that really helps you with your
money and explains how you mean to save
and spend your money like seriously so I
stand here today and an independent
financial adviser and the principal of
my own independent financial adviser
firm which is something I’m very proud
of I’m a multi award-winning business
owner and have exams in advance
financial planning however I didn’t go
to university I left school at 15
and let’s just say I wasn’t one of the
clever ones at school that’s probably
the polite way of putting it and in
actual fact don’t tell anyone I got an F
in maths it’s very true however if I can
achieve such amazing things that doesn’t
dictate our story our journeys and our
stories where we start and where we are
today is not necessarily what dictates
where we should be in the future I had
to really dig deep to change my story
and make a difference for myself and my
family’s future and I know that everyone
in this room and anyone in this world
can do exactly the same thing that the
education system isn’t really what to
give us all the answers what else should
I look at let’s talk about salaries and
money so 52% of women work part-time
compared to 13% of men we all pretty
much know that don’twe that’s sort of
still a bit of a given now when it comes
to salaries men and women in their 20s
earn about equal and run about the same
amount but as they start to get older
women in their 30s and 13% less and by
the time they’re in their 50s they own
16 percent less than men now there are
big strives things happening with that
and there are massive things that are
happening all over the world and
globally around this but it’s still
unfortunately the cases as we are today
so when it comes to getting financial
advice women have a more or a bigger
reason to get financial advice we have
bigger gaps in our employment we have
bigger gaps in our pensions and our
savings and that’s not even mentioning
separating and having divorce which has
a massive detrimental effect effect on
women as well I’ve got an 8 8 month old
baby so I will share with you that
whilst I was on maternity leave I had to
take a step back from my pension
contributions that’s something that I
had to do because I couldn’t afford to
run my business pay my bills and pay
myself enough money and pay into my
pension contribution now that was only a
short period
time but even myself being with as I am
and the qualifications I had I had to
really think that through and I really
had to make a positive decision around
those elements having said all of this
only 7% of women would be more likely to
go and get financial advice for their
retirement even though we have a more
justified reason to need to go and get
it that led me to think about the
financial services industry in itself
which I’ve been part of for 18 years now
the government have done some quite
great things and they put in place a
mortgage urn so the Money Advice bureaux
which is a massive wealth of information
there’s many websites out there where
people can go to get financial advice
but most of them when it comes to
getting more specific advice to really
what my needs are how does that apply to
me you’re directed to an independent
financial advisor now because of
regulation there’s something called RDR
which was a retail distribution review
which was put in place by the
regulator’s of financial conduct
authority and they dictated how those
financial advisers charged clients now
that meant that unfortunately a lot of
independent financial advisors because
there’s only so many hours in a day
they’re looking for the money that’s
going to make them the most money okay
it’s a fact of life now what that does
mean is that they’re all after the same
type of clients and it means that
everyday people that actually earn quite
well are getting overlooked and they’re
not getting the advice that they need so
this is also very much compounded in
many different ways in the recession in
2008 1.3 million people were made
unemployed and that was at a time where
our recession was at the highest and it
was a point where the UK debt levels
were at its highest as well so if we
look at all these sort of massive
compounding issues what is the solution
what how can we sort of change this
cycle and really make a difference now I
believe that women are the answer now
that doesn’t mean that
spend this and spend this on shoes
because obviously I like my shoes
however it is about making the right
financial decisions at the right time
for them and with more women looking
after the household finances now is the
time for those women to step forward and
really make a difference not only for
their future but their children’s future
because I truly believe that the more
women that make empowered and educated
financial decisions and see the
appositive effect of that so they’re
creating their own wealth and they’re
growing their own legacy that they will
then share that with their children and
their children will share that with
their children’s children and that
actually the wealth of society will be
more spread and that wealth wouldn’t
necessarily be just with the wealthy so
so I’ll tell you a little bit what
happened to Katherine
yeah so Katherine was in the situation
where she potentially was having to move
out of her house and really go into
retirement with no assets no money in
the bank because with the rent levels if
she moved out and rented that pot of
money that she had left over who didn’t
dwindle really really quickly which is
not a great situation to be in when you
come into retirement because then you’ve
still got the rent to pay and you don’t
necessarily want to work enough to have
to pay that large amount of rent
thankfully what happened if Kathleen is
she went through a really great process
and it was a huge learning curve for her
but she didn’t sell her home but she did
move out she moved out and she rented it
to another couple and somebody else paid
her mortgage for her she remortgaged
paying off the old bank and borrowed a
little bit more to buy a second property
that second property she also rented out
and both assets gave her an income that
paid her rent so when she went into
retirement
she was then in a position actually she
had an income or she had options with
her assets that she could either sell or
move into one of them sell one of them
it gave her options and wealth the money
isn’t necessarily about
Financial Planning it’s actually about
giving you financial options in life 3.6
billion people have the same wealth as
eight men I’ve got the right fingers out
of and I guess that was always a panic
moment Thomason said again three point
six billion people in this world had the
same wealth as eight men as half of the
world basically imagine if those eight
men were eight women what type of world
or society would we live in I feel that
possibly that actually the world’s
wealth would be more spread and more
even an actual fact that the world’s
wealth wouldn’t just lie with eight men
or eight people it would be with all
kinds of people from all kinds of work
backgrounds different ethnic backgrounds
different places in society in different
points in life I truly believe that
being wealthy isn’t for those just those
who have wealth an actual fact being
wealthy is for all of us I encourage you
all to if you are very empowered of your
money already and you’ve got your thing
together that you reach out to those
that need help and help them along on
their journey and equally if you feel
that you need help that you reach out
for that help as well because together I
really feel that we can all make a
difference thank you very much
you
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