Gallup conducted a comprehensive global study into ‘well-being’ across more than 150 countries giving them a lens into the well-being of more than 98% of the world’s population.

Upon completion of the research, five factors emerged; the universal elements of well-being that differentiate a thriving life from one spent suffering. They describe aspects of our lives that we can do something about and that are important to people in every situation we studied.

The elements

These elements are the currency of a life that matters. They do not include every nuance of what’s important in life, but they do represent five broad categories that are essential to most people.

How you occupy your time or simply liking what you do every day: your Career Well-Being.

Having strong relationships and love in your life: your Social Well-Being.

Effectively managing your economic life: your Financial Well-Being.

Having good health and enough energy to get things done on a daily basis: your Physical Well-Being.

The sense of engagement you have with the area where you live: your Community Well-Being.

While two thirds of people are doing well in at least one of the areas, just 7% are thriving in all five:  If we struggle in any one of the areas it damages our overall well-being and wears on our daily life. When we strengthen our well-being in any of these areas, we will have better days, months, and decades, but we don’t get the most out of our lives unless we’re living effectively in all five.

We can help you to strengthen your financial well-being by helping you:

  • Establish a clear path to identifiable objectives
  • Gain control of daily finances
  • Build your ability to cope with financial shocks
  • Create financial options
  • Ensure clarity and security for those we leave behind

Helping you to ‘financial well-being’ – the end-to-end process.

At the outset of the financial planning process, we talk to clients to identify their ‘intrinsic motivations’. We can also include goals, but it is important that some motivations are also made clear – whilst these aren’t set in stone, they do give us a clue as to what will help us to achieve client well-being.

We will then create a cashflow forecast to plot the path to those goals and motivations, and to ‘sense check’ that they are achievable. We might use another client meeting to refine the forecast – which can reveal more possibilities.

Then and only then do we use our knowledge of pensions, investments and tax planning to help achieve this forecast. We have a further meeting for the crucial review to check if the goals and motivations have changed, and to check progress and to finally agree a plan.

In this way, we can use the financial planning process to help our clients to use their money to accumulate life, not the other way round.

When we meet with clients we will:

  • Take time to listen to you, to your needs and concerns, so that we can fully understand what you want from life and your financial planning
  • Work with you to understand your relationship with and attitude to money
  • Help you to ‘financial well-being’

Here to help

Our aim is to help individuals and businesses to achieve their financial goals. Our approach is straightforward. You tell us about your current situation and about your financial objectives and when you want to achieve them.

We develop a practical plan designed to help you meet those objectives. We’ll discuss the plan with you and agree the course of action you want to take. Whilst the final decisions are of course yours, we’re here to help and guide you with jargon-free advice both now and in the future.

Contact details

Telephone 01453 548454 or Email ray@castlefs.com. If you ring “out of hours” leave a message on the answering machine and we will contact you.