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Mynt Mind, Kosti (2025)

23/01/2024

Let’s talk about stress! Stress isn’t all bad, it’s our body’s immediate reaction to challenges, giving us a boost of adrenaline and cortisol to help us perform. But when stress lingers, it can take a toll on our health, from our immune system to our hearts and minds.

Ever felt lonely, undergone a big life change, or faced health issues? These are common stress triggers. And they can lead to feeling overwhelmed, restless, or even physical symptoms like headaches or dizziness.

So, what can we do? It’s all about management. Identify what’s stressing you out, learn some relaxation techniques, and don’t hesitate to reach out for support when you need it. Remember, taking care of your stress is taking care of YOU! Let’s be proactive about our mental health.

20/01/2024

In the "Preservation of Wealth" stage, typically targeting individuals in their late 50s to early 70s, the emphasis shifts from wealth accumulation to wealth protection. This stage is crucial for ensuring financial stability during retirement, when income may decrease and the likelihood of incurring health-related expenses increases.

Key actions during this stage include the following:

1. Conservative Investments: Moving your assets into lower-risk investments can help protect your capital from market downturns and inflation. This might involve shifting your portfolio to include more bonds, fixed-income assets, and other less volatile investment vehicles.

2. Healthcare Planning: As healthcare costs can be a significant expense in retirement, it’s vital to explore health insurance options that cover long-term care, which may not be covered by standard health insurance policies. Long-term care insurance can help manage the costs associated with prolonged health care services, such as in-home care, assisted living, or nursing home care.

3. Estate Planning: Consulting with legal professionals to draft a will and set up any necessary trusts ensures that your assets are distributed according to your wishes upon your death. It's also a step towards avoiding potential legal disputes among heirs and minimising estate taxes.

4. Tax Planning: Working with a tax advisor to develop strategies for withdrawing from retirement accounts in a tax-efficient manner is essential. This includes understanding the tax implications of withdrawing from different types of accounts like 401(k)s, IRAs, Pensions etc.

These actions are designed to help you maintain your standard of living during retirement by minimising risks and planning for contingencies. It’s a proactive approach to financial well-being that focuses on asset preservation and ensuring that your legacy is secured and passed on according to your wishes.

16/01/2024

Stage Two: Growth and Management of Wealth, where your financial seeds begin to flourish. In this pivotal phase, spanning from your mid-30s or 40s to the early 60s, you're poised to elevate your financial game.

As you navigate through peak earning years, your financial playbook evolves from simple savings to a sophisticated wealth-building strategy. It's time to engage with active investment management, explore diverse income avenues like rental properties or side hustles, and enhance your savings. Regular portfolio rebalancing ensures your investments stay aligned with your life's ambitions and risk appetite. The manoeuvres you make now are crucial, setting the stage for a secure retirement.

15/01/2024

Stage One of the Financial Life Cycle: Accumulation of Wealth.

This initial phase is all about planting the seeds for a prosperous financial future. It begins when you step into the working world, armed with ambition and the potential for earnings.

Here, you will focus on creating a robust financial foundation through strategic income growth, smart saving habits, and the beginnings of investment. Key life milestones such as purchasing your first home or funding your education are pivotal financial decisions during this stage. By setting clear savings goals, learning about retirement options, and cultivating disciplined financial habits, you're paving the way for a secure and thriving economic life.

14/01/2024

Embark on the journey of financial wisdom with our guide, 'Exploring the Four Stages of the Financial Life Cycle.' As you traverse through the different seasons of your economic life, from the early days of wealth accumulation to the golden years of wealth distribution, this guide offers a clear pathway.

It helps you to understand and prepare for each phase, ensuring a robust financial strategy that grows and adapts with you. Start by building your wealth as you enter the workforce, learn to expand it as you climb the career ladder, discover strategies to protect it as you near retirement, and finally, make informed decisions on passing your legacy on. With this guide, you'll gain invaluable insights to secure your financial future at every step of the way.

23/04/2023

A bear market occurs when the price of a security is falling, and the negative outlook of the security causes the security’s price to continue to fall, causing a self-sustaining problem.

For a downturn like this to be officially considered a bear market, it must be on-going for longer than two months, otherwise it is known as a correction.

Bears are generally traders with a pessimistic view on markets that look to profit from a decline in prices. When prices fall, many investors are locking their profits from short-sell activities, and buyers who consider the prices as too low are jumping into the market again.

What do you normally do during a bear market?

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DISCLAIMER: This isn’t personal advice. If you’re not sure if an investment is right for you, you should get advice. All investments go up and down in value, so you could get back less than you put in.

16/04/2023

The financial market is a huge world and millions of people have benefitted from it over a period of time. There are 2 types of people in the stock market, Traders and Investors. These 2 people have very different objectives when it comes to making money in the financial markets.

Investors have the objective of building wealth gradually over an extended period of time. They achieve this through the buying and holding of a portfolio of stocks, ETFs, or any other type of investments. The objective is to hold these investments for a long period of time and then sell them at a very high price later on. Investors are playing on the Power of compounding which enhances return over a long period of time.

Traders have a very short term view and are looking to benefit from short term volatility in the market. Trading involves more frequent transactions involving buying and selling of stocks, currency, or any other financial instruments.

Who are you? A Trader or Investor?

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DISCLAIMER: This isn’t personal advice. If you’re not sure if an investment is right for you, you should get advice. All investments go up and down in value, so you could get back less than you put in.

12/04/2023

Many people look at multi-millionaires and desperately want to know: What’s their secret? How did they get there? What does it take Unless you were born into a rich family, building wealth can be very difficult depending on the path you choose.

To live like a millionaire, you don't actually need to have a million pounds/dollars in the bank – 99% of 'millionaires' don't. But to actually be a millionaire, you'll most definitely have to be on top of your finances and investments and they must be working very hard for you.

According to a research conducted, there are four paths in which people can become millionaires, below we have outlined what they are and how to achieve millionaire status with them.

1. The Saver-Investor Path
2. The Dreamer’s Path
3. The Company Climbers Path
4. The Virtuosos Path

What route are you taking to becoming a millionaire & why? We’d love to know.

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DISCLAIMER: This isn’t personal advice. If you’re not sure if an investment is right for you, you should get advice. All investments go up and down in value, so you could get back less than you put in.

Mynt Mind

23/01/2024

20/01/2024

16/01/2024

15/01/2024

14/01/2024

23/04/2023

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12/04/2023

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