Episode 96: Paraic O’Mahony, Chapter Financial

🎙  Mastering Your Financial Destiny: Paraic O'Mahony on the Power of Protection, Pensions, and Investments.

Discover the power of Protection, Pensions and Investments with Paraic O'Mahony of Chapter Financial, on this latest AIBF Business Talk Podcast episode.

Paraic shares his expertise in offering financial advice to entrepreneurs, managers, and directors, highlighting that it’s never too late to start planning and investing in yourself and your future. 💼

🔑 Taking Care of Your Staff and Yourself: While it's essential to care for your staff, Paraic reminds us not to neglect ourselves - financially 💲, health-wise 🤸‍♀️, and mentally 🧠. He suggests recognizing potential issues that may arise in the future and addressing them proactively.

Building a pension early on, even with a modest salary, can yield significant results later in life. It provides choices and options when it's time to retire or pass on the business.

💡 Start with the end in mind: When starting a business, Paraic advises making sure that individuals are protected and having a well-thought-out plan. 📝 Whether it's a 5 or 10-year strategy, planning for an exit or retirement is essential. Pensions, tax-efficient business building, and extraction are crucial components of the plan.

🛡️ Basic Protection for Starters: Even if you don't implement the full plan right away, having basic protection in place is crucial.

🔍 Educate Yourself and Ask Questions: Paraic encourages business owners to stay curious and be open to learning about their financial health. 

🚀 Staying in the loop: As change is constant so too are changes in the financial landscape - especially when it comes to pensions. Paraic demystifies ‘Auto-Enrolment’ - an obligation that all employers need to be aware of.

📈 Plan, Educate, and Invest: The key takeaways from this podcast are clear – plan for your financial future, educate yourself, and start investing early. Whether you're a business owner or an employee, taking control of your finances can lead to a more secure and fulfilling future. 💪

Don't be an ostrich with your head in the sand! 🦜 Raise your head, ask questions, and explore the opportunities to secure your financial well-being. By doing so, you can create a brighter and more prosperous tomorrow. 🌟

Listen to Paraic O'Mahony's insightful advice and take the first step towards financial empowerment! 🎧💰

The AIBF accredits the Business All-Star mark to Best-In-Class Irish businesses based on an independent audit of their performance, reputation, and customer-centricity.

The AIBF is an independent national body that identifies and acknowledges the country’s most ambitious and visionary businesses.