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Scott Millar

@ScottMillarIFA

Founder of Finova Money, Chartered Financial Planner, Simplifying finance, building wealth

 London, England
linktr.ee/scottmillar
Joined January 2019
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Young professionals, do THIS and you’ll thank yourself later... ⬇️ The best piece of advice I have ever received is “just because someone makes the job look easy, doesn’t mean it is”. Financial planning isn’t easy by any means.
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✅ Learn the admin in a client relationship role ✅ Learn the technical side in an analyst role ✅ Then, finally, learn the intricacies of planning Because our job isn’t easy, there are things you can’t learn from a textbook...
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So, take a step back, be patient, and remember you don’t need to start your journey with exams under your belt. You just need a passion and drive to learn.
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As a business owner there are a few ‘quick wins’ you can achieve, the main one being how you are paying for your life insurance. We see a lot of business owners paying for life insurance personally out of already taxed income.
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Re-structuring this to a relevant life policy paid via your business results in; - More personal income, as an expense is removed. - Less corporation tax, as the relevant life plan is a tax-deductible expense. Same cover, more money, less tax.
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5 Things your financial adviser should be doing for you: ✔️ Being an independent sounding board. ✔️ Coordinator between your professional contacts. ✔️ Proactively planning ahead of deadlines. ✔️ Support to wider family. ✔️ Being an accountability partner.
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Financial planning isn’t a one-step process—far from it. There are 7 key steps that ensure it’s done right:
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Here’s the thing: if someone skips straight to Step 5 or 6 without fully engaging in the earlier steps, they’re not providing financial planning—they’re delivering guesswork.
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Great financial advice starts with understanding you—your goals, your challenges, and your priorities. Accept nothing less.
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Here’s the reality: That’s not where the real progress happens. If you want to transform your financial future, the game-changers are simple: 1. Earn more income. 2. Pay less tax.
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Stop chasing pennies and shift your focus to what really moves the needle. When you do, the results will speak for themselves.
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Do you feel like financial advice often misses the point? Lately, I’ve been helping clients plan for the next phase of their lives—stepping away from work and creating new incomes. The first and most critical step? Understanding their spending.
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And that got me thinking: why do so many so-called “gurus” online tell you what you should or shouldn’t do with your money? Here’s the reality: spending isn’t about right or wrong—it’s about what you value.
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There’s no one-size-fits-all approach. It’s about aligning your spending with your own priorities and values. Because we’re all different, and that’s exactly how it should be.
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If you’re more than 10 years away from needing your investments, here’s some advice: stop listening to the noise. Market decline predictions? The latest “hot stock pick”? None of it matters for you right now.
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The best thing you can do is set up a solid strategy from the start, stick to it, and let time do the heavy lifting. Ignore the headlines. Focus on your goals. And most importantly—live your life. Simple works. Always has. Always will.
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