How to find financial calm in four revealing steps

Apr 14, 2024 | Insights

Find financial calm in these four revealing statements and make informed decisions about what to do with your life and money.
I’ll never forget Amy.

Amy ran a successful furniture restoration business. She had a workshop in South London and employed two permanent staff, sometimes outsourcing work to other restorers.

Amy, in her mid-50s, was considering selling her business and relocating to the country. She dreamed of undertaking a few limited private commissions to keep her hand in whilst using her free time to garden and travel.

However, financial calm eluded Amy, who worried about money. She wondered if she could afford to change and if her money would run out before she did.

Working out the figures.

I worked with Amy to create the foundations of a plan, including, with my help and encouragement, a set of asset, liability, income and expenditure statements.

When we had a figure for Amy’s net worth, I asked if this was what she expected. I was amazed to discover Amy had no idea of her worth, and she was shocked to find out she was worth far more than expected. The look on her face made for one of those unforgettable moments.

However, the financial statements led to financial calm so Amy could make informed decisions about what to do next.

Ignorance is not bliss.

Unfortunately, fear is the dominant emotion around money and often comes from ignorance. Knowing where you stand, even if it could be better, can help you attain a sense of financial calm. At least you can do something about it. So, start by compiling some basic financial statements.


Include everything financial from cash to pension funds, but don’t include a value for used assets such as your house.


Include short-term liabilities such as credit card balances, unsecured loans, and longer-term secured loans such as mortgages.

Your net assets are your assets minus your liabilities.


Have an annual date in mind, which could be the start of the year, your birthday, the tax year or your business year. For parents and teachers, the beginning of the academic year makes sense.

As your own boss, your income is governed by your capacity. Time is limited, and there is only so much time to service clients. Work out your capacity and estimate how much you will fill in a year. Stay within 80% of your capacity; leave time for unforeseen events and non-income-generating activities such as marketing and administration.


Measuring your spending can be challenging. Practically, accounting for numerous small expenditures is tedious, while the emotions aroused by seeing where your money is going can be a barrier. A small investment in a cash-flow app is worthwhile.

Deduct your annual expenditure from your income to see if your cash flow is positive or negative.

In conclusion

Your relationship with money is significant, so it helps enormously to know your figures. These four revealing statements will provide financial calm, enabling you to make informed decisions about what to do with your life and money.

Photo attribution


Photo by Johannes Plenio on Unsplash


Audio link


Related posts


April Newsletter: How three steps can bring your financial powers under control

Three revealing steps will determine how your money can give you the financial power to live rather than be controlled by it.


Do you work for meaning or money?
Even successful freelancers sometimes wish their businesses provided them with as much meaning in their lives as money.


How to beat financial fear

Your wealth is a reflection of you, so re-draw your self-image to avoid fear and guilt about your money.


How to deal with money worries
Relieve your financial anxieties by working out your financial numbers and listening to the story they tell.


My name is Jeremy Deedes. I am a coach with a background in business development, financial planning, and life coaching. I was the first person in the UK to qualify as a Registered Financial Life Planner, and I specialise in helping clients appreciate how their ideas and beliefs about money influence their every decision.

I created my unique FUTURE process, a combination of life coaching and financial planning, to help independent consultants in their 40s and 50s write a new life story through a better relationship with money and reorganise their money to achieve personal and financial freedom. In so doing, they achieve calm by making sense of their money, confidence from clear goals and plans, and a new clarity of purpose.

Discover your money maturity score by taking the Money Maturity Quiz at It’s free, takes only a few minutes, and you will get your score and recommendations by email immediately.

Then, use the link below to schedule a free 20-minute call with me so we can start you on the path to understanding your money and creating a new story to tell your family and friends.

What do you think?

Your views are important, and your fellow readers would love to hear your opinion,
so share your thoughts in the comments box below, and thank you for your time and generosity.

What do you think?

Your views are important, and your fellow readers would love to hear your opinion, so share your thoughts in the comments box below, and thank you for your time and generosity.


Leave your comment here