Live for today, knowing you have planned for tomorrow

Our adviser Nick Kelly talks about his background in financial services, and his passion for helping others and preparing them for the future.

What really matters to me is making a positive impact to the lives of my clients. So let me start by telling you a bit about me, so you know what has made me the financial adviser I am.

At 46 years of age I am married with two teenage children and I've been in the financial services sector for over 20 years. During this period I have worked for some of the largest banks and insurance companies in the world, this has come with its fair share of highs and lows.

In my various roles I have had the opportunity to shape many individuals' lives. From giving them their first job in financial services to advising individuals and large companies about their financial plans and future prosperity.

I have encountered some truly inspirational people along the way, most a pleasure to deal with; but there are a few who have not appreciated my straight talking stance. I like to say it as I see it!

Teaching your children the real value of money

Research shows that our attitude to money stems from that of our parents. Did they save for the things they needed or buy products on credit? Did they make do and mend or dispose of items?

Adult spending habits are formed at the age of just seven. So in a world of invisible money where purchases are made by card or online, how can we teach our children the real value of cash, budgeting and saving to avoid the next generation getting into debt?

Children are taught the theory of money at school but it is up to us as parents and grandparents to put this into practice. We can work with our children to give them independence and confidence with money to prepare them for later life.

We start with 'Wants and Needs'. That same old debate which is key when teaching the value of goods. Establishing the difference at an early age makes for sensible spending and a good foundation for all financial decisions.

Shopping lists - ask your child to help you compile the shopping list for your food shop. Again working out what you 'need' will help them prioritise spending. When shopping you could discuss the prices of products with them and explain how you could get the same product cheaper elsewhere.