Financial planning explained
Here at Douglas White, we like to simplify things as much as possible. We find the ‘water-butt’ analogy to be an easy way of explaining financial planning.
While making sure your income exceeds your expenditure, and that you always have enough ‘cash in the tank’, you need to be building rainclouds to provide you with income during retirement. Just because you may stop earning, it’s unlikely you will want to stop spending!