You, or someone important to you is:

26-35 years of age


With a greater degree of financial acumen, and many more years experience on your side, now will be the time many of you will want to spread your wings even further.
With youth, energy and enthusiasm on your side we can help you put down firm roots to help secure the future for both you . . . and yours.


You have ideas, vision and energy in abundance and would love to start up your own business.

If you find that money is proving to be a problem then Corrigans may be able to help. Your written business plan will be needed to convince people with less vision than you that they should support your venture and the process of writing that plan can often help you to avoid some of the difficulties that await every new business.

It is surprising how often your family or friends may be willing to help you once they see the evidence that you are not only serious and committed but that the idea has been carefully thought through. You may already have your own home and that can provide the cheapest source of funding outside family and friends but beyond that it is possible to obtain seed capital from external funders in exchange for a proportion of your new business or alternatively conventional loans from banks.

Jaz and Sunita got the support of their family to start a business importing berries for health food shops that has proved to be a great success over the last 4 years and they now employ 10 people. Insurance for their business has included not only the conventional fire, theft, water damage and liability insurances but also cover for their precious stock anywhere in the world. It was pointed out to them that most hauliers and shippers are insured up to very low values indeed and then only for things that they are legally liable for.

The policies arranged for Jaz and Sunita are far more comprehensive and the levels of cover appropriate to the high value of the berries that they import in relation to their weight.


An annual travel insurance has also been arranged to cover them during their business trips to source both suppliers and stock.

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Whilst 100% mortgages are almost always available, they are a very expensive solution to a problem. Lenders charge a higher rate of interest for this type of loan and invariably include penalty charges and fees for setting them up.

If you find that you do have to have a 100% mortgage at any point in time, shift the mortgage to a different lender as soon as the penalties have expired or are manageable on the original loan and there is sufficient increase in value in the property for you to take on a 90% mortgage instead.

Another option was adopted by Ruth and Graham. With advice from Corrigans, they decided to buy a property jointly with their parents. Mum and Dad put down a deposit of 5% which meant they would own 5% of the house outright and Ruth and Graham took out a mortgage on the other 95%. Under an arrangement like this, when the property is eventually disposed of, 5% of the proceeds would go back to their parents.

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You should also be thinking seriously about whether both of you need those lease cars. They are costing you a significant amount of money each month, and very few people need two vehicles of such quality. One cheaper used car is something you could probably get by on and this will free a lot more of your monthly income to meet the more pressing need for housing.

This is particularly true if, like Mary and Hugh, you also want to start a family. The rent they were paying was almost as much as the interest due on a mortgage for the same flat, and if they gave up their two lease purchase cars they were able to save almost enough to let Mary give up work. What they chose to do instead was to save her wages for the 2 years before baby Gordon arrived to help them through the time before Mary returned to work.

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Thinking ahead to when you give up work is even more of a challenge when there are so many competing demands upon your income, but to coin a cheesy old phrase, if you fail to prepare you have effectively prepared to fail.

Rachel had always been the sensible twin and she joined a pension scheme as soon as she got her first job at 22. Even though Andy finally saw the light of day at 35 he is faced with some tough choices.

Memories are all he has to show for the previous 13 years and he certainly does not want to work for ever. At 55 Rachel will be able to look forward to a comfortable retirement and, if she keeps working to 60, she will be able to afford to buy a holiday home outright as well. To achieve the same result Andy will have to save 6 times as much as Rachel every year from now on - simply impossible - or alternatively he needs to work until he is 70 before he can comfortably afford to retire and 75 for that holiday home. Even Andy admits that it was never worth it.


The moral of the story is simple. START SAVING FOR YOUR RETIREMENT NOW - give yourself the freedom to choose when you give up work and don't be one of the legions of pensioners in poverty.  

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