We are more vulnerable than we feel comfortable about

4 January 2021

We will not soon forget the year behind us. An invisible virus has radically changed our lives. Collateral disappeared. Much suffering unexpectedly came our way. With the advent of a vaccine, we dare to look ahead carefully again. As a financial advisor, we are also thinking about tomorrow. About what we, in our field, can learn from the past period and with which we can help you in the future.

This article is brought to you our partners YourFinancials.

Our homes are more important than we thought

The term “home” has taken on a different meaning for many people. It was where we felt somewhat safe from the virus. Where we spent many more hours than before. Maybe this has made us look at “our home” with different eyes, which has changed our housing preferences? Undoubtedly, you will see all kinds of options. Moving away? Remodel? Each choice has financial consequences in addition to its pros and cons. We can help you to clearly visualize those consequences, so that you can make a choice that is well suited to your wishes and possibilities.

 

We realize even more that we only have one planet

In the past period, the realization that we need to be more economical with our living environment has increased significantly. Because we work more from home, most of us drove fewer car miles last year. And that immediately resulted in less CO2 emissions. Good for the environment! Our behaviour has changed. And once this COVID-19 period is behind us, we will undoubtedly work from home more than before the pandemic. But we are also seeing more and more attention for the way in which, for example, pension assets or savings premiums are invested. Do we want to invest in companies that make weapons? Or invest in companies responsible for deforestation? Or invest in companies where child labour is still a reality. We see that our customers are becoming more critical. Here too we can help to choose financial institutions that pursue a socially responsible investment policy. 

Financial reserves are limited

Not everyone has considered the drastic steps and their consequences we are now experiencing. For many, income has come to a complete standstill or much less than they were used to. We thought we had saved, but that turned out to be insufficient in this special time. Of course we hope not to experience a lockdown again. But we know that something like this can happen again and that it is a comforting thought to have something more to fall back on. Of course that is easier said than done. As financial advisors, we can provide you with useful tips that can ensure that you get a little more financial flexibility.

We are more vulnerable than we want to be

The past period made us face the facts: as humans we are vulnerable. More vulnerable than we want. We have had to experience that very healthy people became seriously ill within days and sometimes, even worse, died. This not only caused a great deal of suffering, but also led to financial problems for the next of kin or the company to which the deceased was associated. Our job is to deal with those uncertainties all day long. Whether it is a fire or a death. Time and again we check together with our clients: if that calamity occurs, can you deal with it?

 

Please do something with your questions

In times of uncertainty, people have many questions. Questions like:

- Can I still buy a house now?

- What if I lose my job?

- Suppose that I temporarily cannot pay the mortgage, what then?

- What if one of us falls ill or dies?

 

Lots of questions. Our advice: don't keep walking around with these.

We are your financial advisor. We are also there for you in these difficult times. Please do not hesitate to contact us. Together we will find the answers to your questions.