The Money Compass - Five Steps to Plan your Finances

Five Steps to Plan your Finances

08/13/20 • 9 min

In this weeks episode, Emma, Julie and Becky talk over the essential for every financial planner, PIPSI which is the order in which your financial objectives should be considered and achieved. What is PIPSI we hear you ask? Well it’s Protection, Income Protection, Pensions, Savings and Investments.

Podcast formerly Your Recipe for Financial Success.

Visit themoneycompass.co.uk for more information on this topic, news and more episodes.

Podcast formerly Your Recipe for Financial Success.

Visit themoneycompass.co.uk for more information on this topic, news and more episodes.

Previous Episode

Meet the hosts - The Money Compass

Meet the hosts - Introducing The Money Compass

This weeks episode is taken from our live The Money Compass (formerly Your Recipe for Financial Success) Launch Party which took place on 28th July 2020. Emma, Julie and Becky came up with the idea for the podcast whilst doing some lock-down baking, realising that when it comes to it, there are many ways in which financial matters can be linked back to and explained easily using food and baking analogies.

The Money Compass is sprinkled with the ‘whats’, combined with the ‘hows’ and dusted with the ‘whys’ of personal finance.

Watch the launch party here: https://www.youtube.com/watch?v=qKAy7STH6Ug

Visit themoneycompass.co.uk for more information, news and upcoming episodes.

Next Episode

Control Your Money After Lockdown

In this week’s episode, Emma has a special Guest Emma Roache from Unlocking your full potential. Together they are talking about how you can take control of your money anxieties and how you can get support with any of your financial concerns.

Podcast formerly Your Recipe for Financial Success.

Visit themoneycompass.co.uk for more information on this topic, news and more episodes.

The Money Compass - Five Steps to Plan your Finances

Transcript

Julie Hunt

So today we're going to be looking at the bread and butter of any financial advisers recipe book, something we call PIPSI. Emma, do you want to tell us what PIPSI actually stands for.

Emma Knights

Yes, I will. So, PIPSI is the order that we start looking at different areas of investing and protection. What it actually stands for is Protection, Income Protection, Pensions, Savings and Investments.

Julie Hunt

So why is PIPSI so important?

Emma