Firstly we reflected on some of the maths which underpins compounding and commented that when it comes to investing 'time is a tool not your enemy'.

{desktop}{/desktop}{mobile}{/mobile}


Members then gave testimony to the numerous times where using cash flow forecasting has produced a better client outcome. For example: the client who discovered that she could afford to cease being in paid employment and be the mummy she wanted to be, whilst still achieving her other goals, so that by the next annual review she came back a changed, happier person.
We also shared the pictures we use to explain cash flow, budgeting and expenditure monitoring, which included 'buckets', 'reservoirs' and 'jars'.
In general the group agreed that whilst our approach may vary according to different clients' needs, cash flow forecasting is an essential tool for Financial Planners, without which it's very hard to give proper advice.