It's not always a rich man's world
The Herald, 27th January 2005
A huge salary doesn't necessarily mean a healthy bank balance. Reporter Kirsty Paterson meets the man who advises some of country's biggest spenders.
According to financial expert Duncan Glassey, how much you earn has very little to do with the state your finances are in.
"People always imagine that if they earned more money all their troubles will be over, but actually that's not how it works," he says.
"Often you find that, if you've got a bigger salary you end up spending more. You buy a bigger house, better suits, more expensive meals and wine, more expensive cars – you end up having to live a certain type of lifestyle and consequently end up in a worse financial position than someone on a smaller salary."
Duncan is passionate about his subject, and he believes the money advice available in the UK is too product-orientated, with advisers looking to make sales rather than give sensible, independent help. He's also a qualified Certified Financial Planner (CFP) – one of only a handful in Scotland.
He describes the book as a self-help guide that anyone can use, no matter what kind of wage they are bringing in.
"The book pulls together lots of things that have been in my head for over ten years.
"Financial advising is all about promoting a product and the idea is to pull people away from that and get them asking the right questions of their financial advisers. The advice in this book is about empowering the consumer."
Duncan points to the success of television finance guru Alvin Hall whose books, with advice on how to handle money, have been best-sellers.
Now the book is published, he's back in the office – but he has set up his own business and is advising high-earning clients on how to take control of their money ... and therefore their lives.
Buy the Book
You can buy 'Financial Freedom: Using the Wealthflow System' from Amazon:
You may also be interested in these two books by Maria Nemeth:
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