Are you earning more but still feeling like you don't have any extra income in your bank account each month? We often assume that a bigger pay check guarantees financial security, but without the right strategy, lifestyle inflation, tax inefficiencies, and poor financial planning can quietly erode wealth.

This week, I'm joined by Lawrence Bearman, a financial advisor specialising in helping high-income Millennials keep more of their hard earned cash. We discuss how to manage wealth, optimise tax efficiency, and avoid the common money pitfalls high earners face.

Expect to learn:

02:03 Lifestyle Inflation: The Hidden Trap

03:15 Understanding Expenditure

04:42 The DIY Investor Dilemma

06:14 The Value of Financial Advice

13:29 Common Financial Challenges for High Earners

15:51 Tax Efficiency Strategies

18:57 Property Investment vs. Renting

23:05 The Emotional Side of Financial Planning

30:16 Finding Financial Balance

31:35 Avoiding Lifestyle Creep

33:39 End of Tax Year Planning

34:44 Understanding Pensions

39:41 Lawrence's Best Investment

45:26 Social Media for Financial Advice

49:59 The Role of AI in Financial Planning

55:04 Summary of Financial Tips

Discover Lawrence

LinkedIn - https://uk.linkedin.com/in/lawrence-bearman

Get In Touch

LinkedIn - www.linkedin.com/in/jay-lawrence-5a4b3357/

Website - ambitiousmindspodcast.com

Instagram - www.instagram.com/ambitiousmindspodcast

NOTE: The information provided in this podcast is for educational and informational purposes only and should not be considered financial, investment, or tax advice. Any opinions expressed are those of the guest and host and do not constitute recommendations for specific financial decisions.

You should always consult a qualified financial advisor before making any investment, tax, or financial planning decisions. Investments can rise and fall in value, and past performance is not indicative of future results.

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