Financial Freedom - A Happier Life Richard Cayne Meyer International Ltd

It is no secret that saving money is essential for a happy and prosperous life. In such a catastrophic and vulnerable global economy where anything can happen anytime and the prices of basic needs are rocketing high every day, all of us need to save some amount of money as per our ability, suggests Richard Cayne at Meyer International Ltd in Bangkok Thailand. Saving money is a store of value for the times when we need to exchange that value for other goods or services.  We must ensure that we are getting the best store of value in our savings or investments by looking at how they will grow our value in line with the global growth and inflation trends and any extra value creation over and above this is the real return.

Reduces Stress and Live a Happier Life

According to Richard Cayne Meyer Asset Management Ltd in Thailand, most of our stress problems arise from financial worries. Therefore, one way if we wish to reduce our stress, is that we ought to save money whenever possible.  Knowing that you are financially secure or at least have a plan and a path to take so that you will be one day in a financially secure state can bring great peace of mind and comfort to individuals.  According to statistics over 50% of people anxiety and worries derive from financial insecurity in one form or another.  Therefore at the very least create a plan to word towards being financially secure.

Richard Cayne Meyer Asset Management Ltd and having lived in Tokyo Japan for over fifteen years can say that Japanese who are thought to be amongst the most conservative and pragmatic people are not that conservative when it comes to their own financial security in the sense that most do not have a proper financial plan nor do they know how they will be financially secure one day. Most Japanese still believe their company or their government pension scheme will be a backstop for them and take care of them.  However Richard Cayne at Meyer makes it a point to explain how company lifetime employments has changed and is no longer the case as is the financial stability of the Japanese pension system.  Richard advocates that if Japanese want to truly be conservative and plan for their own financial security in a responsible way they would be advised to get planning sooner.  Japanese aren’t the only ones who don’t plan as well as they should though and we should all make it our business to be responsible to ourselves and our families to ensure we are on the right path to financial security so we can all rest easy.

According to Richard Cayne Meyer International in Bangkok, we can all lead healthier and happier lives by doing forward planning and putting a plan of action in place of how we intend to be financially secure or to grow and protect our store of value.  We should share this plan with our family members so that they too can take comfort in knowing how the family can send little Johnny and siblings through schooling, buy that house they have always wanted or plan for their retirement or any other important life events.

With the price of commodities and good seeming to continually escalate its is ever important to keep pace with this inflation rate which arguably is approximately 3-4% per year.  So every year your portfolio earns 1% means that the real earning or store of value in your portfolio had just eroded by 2-3%.  This is an unsettling feeling and applies to everyone both to those who are building their financial security and those who are there many times over.  Nobody is immune to this and in fact those with vast sums of money gives them even greater stress as they don’t want to see their billions erode to a store of value in the millions.

Wealthy individuals and families do understand the need to plan to protect and preserve their wealth and therefore even if your goals may differ you should be planning too.  If you have a plan of action to preserve and grow your wealth you will have one less worry in life. So get planning and sleep well.Richard Cayne is Managing Director of the Meyer Group of companies.  He is based in Bangkok Thailand and has been involved in financial services for over 17 years in Asia. The Meyer Group is wholly owned by Asia Wealth Group Holdings Ltd a London, UK listed company.

Article Source: http://richardcaynes.wordpress.com/2012/08/28/financial-freedom-a-happier-life-richard-cayne-meyer-international-ltd/