Obviously, the measures are many and will depend on your unique circumstances. However, one of the important advantages of a well-laid out afinancial plan that's implemented and monitored is that it will generally enable you to get to financial independence sooner than if you hadn't devised a plan of action.

Financial freedom can mean various things for different people but for many, it means the capability to stop regular employment.

Everyone has different goals and aims, and everybody has different financial requirements and circumstances. It is conceivable that your present financial choices aren't compatible with your true goals and objectives. And that you haven't deployed the wealth management resources available to you because of the current timing.

Financial decisions are strongly affected by emotions. Regrettably, emotions can overwhelm our ability to reason logically and objectively.

This severely limits our ability to create logical investment choices. This isn't to say that psychological decisions are a terrible thing! Only, sometimes we're unable to see clearly our choices, in the warmth of the moment.

However, what type of wealth management resources could have helped in the present financial meltdown? One analogy that's making rounds recently, is that when a fire is raging your first priority has to be to put it out! There'll undoubtedly is water damage afterward but hopefully, you'll have enough time to rectify this. Until the fire (in this case the below capitalization of the banks) is set out, the banks won't feel able to make funds available to companies and the economy is unable to get going.

There is a raging debate on which the several governments should do in order to receive their countries from this crisis, and the response is best left for them or other pundits.

The question we need to appear at is how we are going to deploy our wealth management tools in this era of high taxation, to deal with our finances within this environment. Incorporation offshore is an absolutely viable action which you could take.

In the meantime, the headlong drive to reduce interest rates is having little effect simply because, although money is cheap, the banks are reluctant to give. And as financial results are released by businesses, banks will find that their balance sheets do not warrant additional credit risks!

Most of us purchase and maintain private assets - not exchange them regularly. When it is real estate or stock & shares in our own businesses, or jewelry. Many times our resources are illiquid and are seldom bought and sold and consequently rarely valued. And we are only looking for a means to own them without needing everyone eye them!

The actual value of these assets in most cases is much greater than their financial worth. So you don't really know the worth of everything you have before you market it.

The wealth management source that is quite helpful in such a circumstance is, of course, an offshore String with perhaps a trust enrolled in a tax haven such as Mauritius.