At Foundation Stone Financial Planning, when we work with clients we examine what we describe as “three money buckets” – which are essentially short term, medium-term and long-term investments or funds. 1: Your Contingency Bucket This is the amount of money you require to manage if a bad event occurs.
Did you know that right now, there is €123 billion on deposit in Irish bank accounts? Of that figure, €70 billion of it is from regular households. Many people feel comfortable leaving money in the bank because they believe there is zero risk attached, and they like to be able
David Lunn, founder of Foundation Stone Financial Planning chatted with the straight-talking presenters of Kilkenny Today Business, Fran Grincell and Pat Treacy, on Community Radio Kilkenny City. Community Radio Kilkenny City · THUR Kilkenny Today Business 13th January 2022 PODCAST [The interview kicks off at 3 mins and runs until
Bad food and less exercise? Most of us know that cutting out bad food and doing more exercise will result in greater “Physical Wellbeing.” We will however avidly watch “Operation Transformation”, read a thousand self-help blogs, and possibly even pay for or subscribe to a fitness course, diet, or magic
Each Christmas and New Year many people reflect on the year that has been and the one that is on the way. We stand back and evaluate what is important in our lives. We also take time out to make changes – and for many, this means sorting out your
One of our favourite books is ‘Thinking Fast and Slow’ by Nobel Prize winner Daniel Kahneman. It reminds us that one of the hardest things for people to do is to make objective financial decisions. So, when it comes to making better financial decisions, we need to be aware of
Join financial planners Dervla Moloney and David Lunn as they discuss the six mental shortcuts that people use when making financial decisions. They explore each of the six heuristics and explain why financial planning should be based on facts and not these rules of thumb. Foundation Stone FP · Six
Our money mindset is our attitude and beliefs about money – our belief systems about everything from earning and spending, to savings and debt. But how do our money mindsets impact our relationships with loved ones and our own financial stability? Where did you first learn about managing money? Was
In this episode, financial planners David Lunn and Dervla Moloney discuss money mindsets and how they can impact your financial stability. They give tips on how to avoid mindset traps for better relationships through common financial goals. Foundation Stone FP · Money mindsets and how they impact your financial stability
Join David Lunn and Dervla Moloney of Foundation Stone Financial Planning Ltd as they explain the difference between financial advisors and planners and discuss why money is in motion when life is in transition. Foundation Stone FP · What is the difference between a financial advisor and a financial planner?