LSFL Personal Finance

The Personal Financial Planning Blog by London School of Finance and Law (LSFL)
#UK #Education #Money #PersonalFinance #FinancialPlanning #Wealth @LSFL_ProfDev

[LSFL Personal Finance @LSFL_Money]

When you invest in yourself, you invest in your future.
Choose a course or qualification at LSFL to boost your career in finance, law or business management:
https://t.co/VvcqBvgk24
Next term start date: 20 January 2025
#Careers #Finance #Law #Management #Education #CPD #UK

[LSFL Tax Policy and Law @LSFL_TaxLaw]

Do you advise your clients on tax-related issues? Sharpen your tax skills with London School of Finance and Law!
Learn more about LSFL courses, advanced diplomas and professional qualifications in tax law here: https://t.co/j2WQa8fMoB
#Finance #Taxation #Law #TaxLaw #TaxTwitter

[IMF @IMFNews]

Indicators from the Financial Access Survey (FAS) show global progress in financial access. Non-traditional access points are surging while traditional methods decline, especially in high-income countries. Explore the FAS 2024 highlights: https://t.co/adILlvAghf

[IMF @IMFNews]

For 80 years, the IMF has provided a helping hand in good times and bad. From Bretton Woods to today's global challenges, we sought to bring prosperity to the world.

[LSFL Management and Leadership in Finance @LSFL_Management]

Upskill your employees to help them stay competitive and adapt to changing job demands in the future.
View A-Z of LSFL courses in business management, finance, taxation and law: https://t.co/UldCpBcagd
Next term start date: 20 January 2025
#Business #Management #Careers #CPD #UK

[LSFL Management and Leadership in Finance @LSFL_Management]

Effective leadership in a hybrid world requires different skills that go beyond traditional team leadership.
Read more from MIT Sloan Management Review here: https://t.co/ALtfA1Yfvr
#Business #Management #Leadership

[IMFPodcast @imf_podcast]

"We are unleashing on the world the most powerful technology we've ever created. An atom bomb could not decide who to bomb. AI can. AI can make financial decisions by itself. AI can invent new financial devices." https://t.co/l6eNV3qfEo

[Fiona | The Millennial Money Woman @The_MMW]

Pay yourself first

Avoid lifestyle creep

Pay off bad debt ASAP

Track income and expenses

Create multiple income streams

Most wealthy people are just good at the boring basics.

[Andrew Lokenauth @FluentInFinance]

By age 30 you should have a group of friends to discuss investing, entrepreneurship, and self-improvement.

Not gossip.

[Dividends Growth Hustler 🇿🇦 @DividendIncome_]

@The_MMW Borrow money for investments, not to finance a lifestyle.

Key reasons why we borrow include: starting or scaling up a business, education, to invest in lucrative long term bonds, to buy a house, etc.

Good debt should help increase your income potential and pay itself off.

[Fiona | The Millennial Money Woman @The_MMW]

Unpopular opinion:

If you are going to borrow money, use it to make more money.

Not to buy luxury cars, clothes, and vacations.

[London School of Finance and Law @LSFL_ProfDev]

Study “Financial Crime Risk Management, Regulation and Compliance” to learn about financial regulation and compliance and acquire practical tools of combating financial and corporate fraud.
More about the diploma: https://t.co/2BHcoPU33d
#Management #Finance #Taxation #Compliance

[LSFL Research in International Finance and Law @LSFL_Research]

Wang and Barabasi' book still available for free!
"Science of Science" nicely explained, for researchers, practitioners & the wider public.
By @dashunwang and @barabasi
Downloadable from OUP: https://t.co/c04lyHckh1
#Science #Research

[Anders Liu-Lindberg @LiuLindberg]

CFO challenges...
How are you managing your finance processes?

Answer: Build The Finance Process House.

It's an overview of all the core processes in Finance.

Here are the 21 core processes for CFOs to master:

1. Financial Planning & Analysis
2. Financial Reporting
3. Accounting
4. Treasury Management
5. Tax Management
6. Risk Management
7. Capital Allocation
8. Financial Systems and Technology
9. Cost Management
10. Financial Compliance
11. Strategic Financial Management
12. Financial Communication
13. Employee Benefits Management
14. Financial Policy Development
15. Vendor and Supplier Management
16. Financial Education and Training
17. Sustainability and ESG Reporting
18. Financial Analytics and Business Intelligence
19. Asset Management
20. Cash Handling and Banking
21. Regulatory Compliance

It's challenging to manage these on a high level.

Instead, divide each into subprocesses.

That's when you can start to develop process excellence.

Do you have a finance process house?

[TeachThought @TeachThought]

Critical thinking is the ongoing application of unbiased analysis in pursuit of objective truth. #criticalthinking

8 Of The Most Important Critical Thinking Skills https://t.co/KxKcY0tJBF

[Andrew Lokenauth @FluentInFinance]

10 finance movies you should watch this weekend:

1. The Big Short

[Ray Dalio @RayDalio]

If you think about what you want most in your life in a big-picture, strategic way rather than a particular, tactical way, you can almost certainly get the life that suits you. On the other hand, if you are very particular and tactical you almost certainly will not get the life you want. That is because there are many paths to the life you want (and, in fact, to a better life than you can imagine) but not the exact path you have in your mind. That is because nothing goes exactly as planned and you aren't yet knowledgeable enough to be precise and single-minded in saying that you want to have exactly that.

By way of example, you can say "I want great work in a job where I can be creative, to have big beneficial impacts on others, to earn enough money to take care of my family and myself well, to have wonderful relationships with family and friends, and to live in a place I love”—and you can get those things if you are not stuck on exactly which job, which way you will be creative, which way you will have a big beneficial impact, how much money will be the right amount, which wonderful relationships you will have, and where you will live.

Said differently, if you know your preferences and feel the pulls toward those things that suit you—just like one finds the sports or activities that one loves and then pursues them—and you follow those pulls, you will learn more about what you like and don't like, what works and doesn't work, and what you are good and bad at, and that will keep you moving forward toward what you want most in life without being stuck and disappointed that you aren't getting exactly what you want. So my hope for you is that you will be open to the best you can find without being stubbornly stuck pursuing one precisely spelled out path, especially one that isn't getting you to your goals. In other words, don't be so particular that you close out better possibilities.

Also, I hope that while you are pursuing the life you want on whatever path you chose, you expect to fail and realize that, rather than a reflection of you being a failure, it is part of your learning process and that you should turn your failures into great learning experiences so that you acquire the skills and principles you need for dealing with your realities well. Also, as far as acquiring those skills, I don't mean that you have to learn to be good at them which would constrain you; I mean that you can get them from others you work well with. If you do those things, you can have a really great life of the sort you want, though it won't be exactly the life you imagine and it won't be perfect.

#principleoftheday

[LSFL Tax Policy and Law @LSFL_TaxLaw]

Study "Taxation: Corporation Tax" at LSFL!
View the course programme here: https://t.co/eD5jmXmYHp
#Tax #Taxation #CorporationTax #UK #TaxTwitter @LSFL_ProfDev @LSFL_TaxLaw @MyTaxesPlus

[LSFL Careers @LSFL_Careers]

Improve your English language skills to work with international clients:
- Legal English
- Business English
- English for Finance
- English for Financial Journalists
- IELTS exam preparation
https://t.co/xom5tPD825
Next term start date: 20 September
#English #ESP #Careers

[London School of Finance and Law @LSFL_ProfDev]

Do you want to know what really constitutes demand, why people choose to buy a home where they do, and what should be done to avoid Black Mondays in the future?
Study economic history, behavioural economics, real estate economics with us!
Learn more here: https://t.co/ykOqBE1Smf