Save More. Invest Smarter. Retire Early.
Welcome To Corry Wealth Coaching
After 23 years in the financial services sector, I recently left the banking industry to pursue a new venture, Corry Wealth Coaching. I had initially wished to seek early retirement and a freedom to pursue the activities that engage me the most. I am still doing this, but an enduring enthusiasm for both social interaction and for helping people have led to the creation of our new service in wealth coaching.
Our coaching service is personalised and can benefit any individual who feels overwhelmed by finance and the market volatility that comes with investing. Those who are keen to discover financial freedom and the rewards that come with it will find Corry Wealth Coaching both helpful and informative. It could easily change the way you live your life.
An investment in knowledge always pays the best interest.
Benjamin Franklin
Set Yourself Free
Seeking Financial Independence
I never thought financial independence was possible at an early age. Society has us thinking very differently about our finances and our careers. This is a life which sees most of us tied to debt, a job, and possibly working long into our 60s.
Some may like working, but there are others who would rather spend their time pursuing different goals: more time with family and friends and taking up interests that matter most to them (e.g. sports, art, philanthropy etc). The choice can be yours.
The prospect of early retirement is exciting, but the decision to retire early should not be taken lightly. Nonetheless, if the alternatives to working resonate strongly, then our coaching service will be of interest to you.
During our sessions together, we will assess the many traits to help put you and your family on a path to greater financial independence and freedom.
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Generating Savings And Investing
Living In The Middle
As I explored the possibility of early retirement, I learnt that there are two types of retirees: happy ones and those who feel slightly uncomfortable. Our aim is clearly for the former, where happy retirees tend to live life in the middle (i.e. nothing too fancy), have a retirement plan and live off a large nest egg.
I can lay claim to two of these three. A large nest egg might be relevant and of importance to you, but for me personally, a better value judgement is assessing what you can live off. The reality is that those who can 'live in the middle' tend to be happier and more secure in their newfound financial freedom. We will explore ways to do this without cutting out too much of the expenditure which often brings both purpose and happiness to many.
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It is impossible to produce superior performance unless you do something different from the majority.
Sir John Templeton
Teach Yourself Investment Success
DIY Investing
As a former investment strategist, a number of wealthy individuals I met expressed surprise at the persistent rise in the S&P500 index (the world's largest equity market), particularly in light of either weak growth since the 2008 global financial crisis and / or the US election result in November 2016. Many reduced their equity allocation during these times and have unfortunately missed out on the impressive price gains since.
These actions have led some to express a lack of confidence in their own ability to invest, resulting in investment paralysis and unfortunately, sub-optimal investment returns. And it is not getting any easier in today's climate of uncertainly (stemming from unprecedented events such as the pandemic, trade wars and a potential end to globalisation, the dominant macro theme of the last 40 years).
Investing in the global financial markets is rarely easy, but the process does not require further complication. Those who apply the investment basics via tried-and-tested techniques will ultimately succeed. Those who lose their focus and veer way from these principles and goals are likely to be left behind.
In this section, our coaching emphasis is clearly focussed on seeking better investment results (although it is also important to understand where investors are going wrong).
We look at the investment headwinds as well as their tailwinds. Appreciation of them both allows investors to become better informed, helping them to avoid the paralysis that so often undermines long-term wealth creation.
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Get Ahead And Stay Ahead
Capturing All The Market Has To Give Us
As investors, financial markets have gifted us with spectacular annual returns since the 1970s (in both the bond and equity markets). After such spectacular gains (e.g. the USA), there is a danger that we witness lower returns in the decade ahead.
With this possibility in mind, it becomes vitally important to consider the cost of implementing your financial goal. For example, higher cost exposures to the financial markets should therefore give way to lower cost ones (i.e. capturing more of the market return at minimal expense). Inflation has been largely absent from financial markets for ~40 years now, and an unwelcome return in the 2020s could undermine purchasing power in the years to come.
As humans, our ability to forecast the future has been mixed. Although portfolio diversification is often dismissed by the financial media during times of market volatility - and especially today, during the worst global economic crisis in 90 years - we will discuss how asset allocation can work in your favour, keeping you on track for financial freedom.
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Seeking Purpose And Structure
Pursuing Life's Values
After a thorough analysis of financial circumstances, some may find themselves much closer to financial independence than they actually realise, and in the position to take the next step … early retirement.
This is not a decision that - at Corry Wealth Coaching - we take lightly. Ernest Hemingway once remarked that "Retirement is the ugliest word in the English language". In our opinion, it does not have to be.
Early retirement can be both fulfilling and successful, if approached in the right way. Most of us have neglected pursuing our childhood passions due to work and or family commitments, and we will rekindle these, keeping ourselves busy and engaged in early retirement … satisfactorily so.
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