Clare Byrne

But you know, the thing is, is that do take risk.

You need to take risk with your money to build your wealth.

Well, it's funny because most people will kind of, you know, if you do a risk profile questionnaire, they will come out maybe at a risk profile four out of seven, which is, you know, middle of the road average.

But it depends on the length of the actual investment.

So if it's short term investment, well, then obviously lower risk because you need to get the money back in a shorter period of time.

But if it's a longer term investment and longer term investment, be more than five years longer.

So if you're looking at that, then you can take risk and you need to take risk and have diversification within your savings and investments as well.

Yeah, absolutely.

Look, people are living longer as well.

So, you know, longevity is there, higher tax rates, the older that we all get, you have more ability to put into your pension, for example, more, you know, tax relief.

So if you're putting into your pension, there's more availability there.

So, you know, it's loads and loads of time because particularly now people...

You know, retiring in their 60s, let's say, that's 30 odd years if you're in your 30s to be able to invest and grow your wealth.

But you can also continue to work and people are continuing to work even into their 70s and 80s, which is fantastic.

So they can even retire their pensions, let's say, for example, in their 60s and still be working and still be contributing to another pension and availing of higher tax reliefs.

So again, your essentials, you know, if you have a mortgage, mortgage protection, but even if you don't have a mortgage and you're renting, you should still have some sort of life cover, particularly if you're in a relationship.

Because if you were to die unexpectedly, then what would happen to the person remaining?

How would they afford the rent that you're contributing or paying part of?

So definitely have your life cover in place, your mortgage protection, income protection is the most essential cover.

I've spoken about it before to you, you know, in terms of protecting your income.