About Author
Chris Ball
January 24, 2025
Welcome to Hoxton Wealth, the new home of Hoxton Capital
Hoxton Blog • 2025 Money Hacks: 10 Tips to Build Wealth This Year
As January comes to a close and we settle into 2025, it’s the perfect time to take stock of your finances and plan for the year ahead.
Whether you’re building your wealth, safeguarding your assets, or planning your legacy, these ten tips will help you stay focused throughout 2025. At Hoxton Wealth, we understand that wealth isn’t just about numbers, it’s about creating the future you want, knowing that everyone’s vision of the future is unique.
Here are ten steps to help you enhance your wealth in 2025:
Your personal financial plan is like a GPS: it helps guide you toward your goals. But to ensure you stay on track, it’s vital to review and update your plan regularly, accounting for changes in your personal circumstances or asset values.
Quarterly reviews with your financial planner provide accountability, ensure your plan reflects life’s changes, and help you adapt to new opportunities.
Make 2025 the year you commit to quarterly reviews with your financial planner to stay ahead.
Technology can be a powerful tool. At Hoxton Wealth, we’ve developed WealthFlow, a tool to help you monitor whether you’re on track to meet your goals.
WealthFlow is available in the Hoxton Wealth app, allowing you to check your net worth, connect accounts globally, and track your investments in real time. Say goodbye to spreadsheets and hello to clarity and confidence!
We live in a world flooded with sensationalist news. While staying informed is important, panic-driven decisions can harm your investments.
Our investment philosophy at Hoxton Wealth is simple: global index tracking over the long term. Historical data shows that while individual years may be volatile, staying invested over 20 years ensures a 100% chance of positive returns after dividends and inflation adjustments.
Ignore the short-term noise and stay focused on your long-term goals.
Tax can be both your best friend and your worst enemy. Don’t wait until the end of the tax year to think about tax efficiency. Plan your contributions, allowances, and reliefs proactively to make the most of the opportunities available.
Over time, optimising your tax strategy can significantly enhance your returns and the legacy you leave behind.
Your retirement accounts may be one of your biggest assets, yet many people neglect them because they “can’t access them yet.”
Think of your retirement accounts like a property—if you left it unattended for 20 years, what state would it be in? Regular reviews ensure that everything is in good order and ready when you need it.
If you don’t know the current status of your retirement accounts, make 2025 the year to review them.
It’s easy to get caught up in investment hype, whether it’s the cryptocurrency, the latest meme coin or a “once-in-a-lifetime” property deal. But for most investors, wealth is built by focusing on reliable, long-term investments that benefit from compounding growth.
Avoid chasing the next shiny object and instead focus on disciplined, long-term wealth building.
2025 brings both opportunities and risks, which may include short-term volatility in job or investment markets.
Whether you’re employed or retired, maintaining an emergency fund is crucial. It prevents you from being forced to sell investments during times of crisis, protecting your long-term financial health.
Life is unpredictable, and insurance is your safety net. While we focus on building long-term wealth, insurance ensures your finances aren’t derailed by unexpected events.
Make 2025 the year you review your insurance needs. Hopefully, it’s an expense you’ll never need, but if you do, you’ll be glad it’s there.
Wealth is often lost in generational transitions. Teach your children about finances in 2025, including the value of money, investing, and long-term planning.
Wealth isn’t just about chasing returns—it’s about aligning your financial actions with your personal vision. Whether your goal is financial independence, creating a family legacy, or philanthropy, take time in 2025 to define what wealth means to you and ensure your plan reflects those goals.
2025 is the perfect time to take control of your financal future. At Hoxton Wealth, we’re dedicated to helping our clients achieve their goals and build lasting wealth. By adopting fresh strategies, leveraging innovative tools, and embracing a proactive mindset, you can take your financial future to the next level. Book a free consultation with our expert advisers today.
If you would like to speak to one of our advisers, please get in touch today.
Chris Ball
January 24, 2025
Contact us today to discover how Hoxton Wealth can help you achieve your financial goals. Together, we can build a brighter financial future.