Episode 6

S3 Ep 6: Cash Flow Planning

In Episode 6 of our ‘Practical Financial Planning’ season, Simon explains how cash flow planning can help to create a useful 'budget for life'.

Some key points of interest covered in this episode include the following:

  • Bex and Simon set the scene by quoting the following biblical references: Luke 14.28-30 & 12.31-41; Proverbs 31.16-21 & 21.5. These verses flag up a number of topics relevant to financial planning, including anticipating future needs, providing for family, inheritance and generosity, but also greed, laziness, haste and lack of planning. [01:05]
  • Simon starts talking about the concept of cash flow planning by explaining the long-term perspective that it provides when he uses it in a business capacity with clients. [04:13]
  • Software can be a great help when undertaking cash flow planning, so Simon draws attention to 'Truth About Money', a free version of a cash flow modelling tool that he uses professionally. [08:32]
  • Simon goes on to describe how a long-term cash flow model works and in what ways it can be helpful. [16:00]
  • Simon suggests that financial planning decisions should not be determined purely by monetary considerations. The faith perspective is vital for Christians and, in his final comments, Simon mentions the importance of seriously considering matters such as working out “how much is enough?”, being generous and serving God. [21:06]
  • As ever, please contact us via whereyourtreasureis@freerangepodcasting.co.uk, or on Instagram via @whereyourtreasureispodcast. The next ‘Practical Financial Planning’ episode will be ‘Decumulation Strategy’, which will be released after a break for Christmas. [24:42]

This show has been brought to you by Free Range Podcasting.

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Where Your Treasure Is...
Conversations about faith and finance with Chartered Financial Planner of the Year, Simon Glazier

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Simon Glazier

Simon is a forty(something), average height, mostly bald, Christian, husband, father of three, bad taste in fashion, movie-loving, not-very-musical-but-likes-to-sing, outdoor type, board-game playing, dancing, acting (would love to get back into amateur dramatics), kind of guy.

He also happens to be a very experienced, qualified and award-winning Financial Planner (and not just any award - the UK Chartered Financial Planner of the Year Award!).

After 20+ years in the finance profession and having worked for one of Aberdeen and the UK’s best financial planning firms (they also won awards...) he started Stewardship Wealth on the 1st April 2018. His goal is to build a business that would delight clients, gather a team of fun to work with people, and raise money for charity, in particular the Church he is a part of. He has committed to giving away at least 10% of all the income of the business to charity, even before he pays himself!

He's been part of a growing Aberdeenshire church for 25+ years, during which time he as acted, sung, played the tambourine (sad, but true), served in and helped lead the children's ministry, helped run several Marriage Courses, Parenting Courses and Money Courses, been a Treasurer and Trustee for over 13 years and has helped lead a small group based bible study for as long as he can remember.

If you’re ever up for a deep and meaningful conversation about faith and finance...or a strategy based board game...then he’s your man.

P.S. He also has a collection of over 60 Monopoly Board Games, owns a Bowler Hat and once represented England in the World Folkdance Festival as a Morris Dancer...!
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Bex Elder

Bex Elder is a freelance translator and writer based in the North East of Scotland. While Bex is by no means a financial expert (unlike her more knowledgeable co-host), her love of a good chat, and sometimes debate, led her into podcasting. Bex splits her working hours between her own business and working a day a week for her local church as the Assistant Youth Pastor. Bex loves running, getting lost in a good book, drinking copious amounts of tea and never says no to a macaron.