P.R.E.P. – Economics (3min)

Economics

What to think about:

• Have you talked to someone who is a real financial expert? I don’t mean an accountant. I mean someone who can do long term cash flow forecasting? In other words, a Financial Planner?

• Have you connected what you want for the family – eg. being able to spend time with the children – with what the financial impacts of that are on employment/income? Do the sums.

• Some business owners try to make their business seem worthless or give up on employment to try to ‘get out’ of paying maintenance. This is a very short term strategy and could impact badly on the children. And anyway, a good financial agreement can allow for future earnings.