Herald - Issue 425

Page 56 • The HERALD • 23rd June 2022 v THE HERALD - Proud to be part of your community v ASK A PROFESSIONAL 168 HOURS IN A WEEK! HOW DO YOU SPEND YOUR TIME? by Michael Osman, Oyster Financial Planning From the super wealthy billionaires to the ordinary person in the street we all have the same to spend each week in life now and retirement. All of us have 168 hours a week. How do you ‘spend’ your time? Do you feel like there is never enough time in the day? or are you sat around trying to nd ‘stu ’ to do to ll your day/week? During our working lives with sleep and work hours we can expend a lot of the 168 hours, add in family time, hobbies, some learning and social time you will probably ll the 168 hours quite easily by balancing all of the above to suit you. Will this be the case though in retirement? Without a plan you may nd you are stepping into retirement rudderless and without purpose. Suddenly having to ll c40 hours a week of work time straight into leisure time is a big jump. We nd that taking the time to calculate how your ‘invest’ your time now can help. Looking at how many hours you currently spend on family/friends, Work, relaxing, sleep, health and hobbies. en imagining how this balance of hours spent would look when you retire from your current work and how this would look then. What activities that you do now would you want to continue into ‘retirement’? Understanding this and working through this exercise can help you be able to see, one, what is a ordable for you to continue when you stop work or at least slow Michael Osman, Oyster Financial Planning An analysis of data fromtheNational Fraud Intelligence Bureau (NFIB) has highlighted four modus operandi (MOs) which are now more commonly being used by fraudsters: 1. PURCHASING HIGH END ITEMS Fraudsters pretend to be police o cers and ask the victim to help with an undercover operation by purchasing expensive items like watches and jewellery. Once bought, the victim hands it over to the criminal. 2. BANK CARD EXPIRY Fraudsters claim to be from the victim’s bank and say their card is no longer valid. ey ask for the pin number and then send a courier to collect the card. 3.COUNTERFEITCASH/BANKINVESTIGATION A fraudster claiming to be a police or bank o cial informs the victim that they need to help with a banking corruption investigation by withdrawing large sums of money. e cash is then picked up by a courier to be checked for ngerprints or counterfeit notes. 4. COMPUTER TAKEOVER e fraudster calls the victim purporting to be from their internet service provider saying they are due compensation. e victim downloads a remote access application which gives the fraudster control of their computer. ey are convinced that they have been paid too much compensation and withdraw cash, which is later collected by a courier. down and two, how much of your ‘168 hours’ have been le unspent!! To learn more about this and to properly help you plan for the next phase of your life please do get in touch with Oyster. Based in the centre of Hythe. 023 8084 8410. Four Common MOs Used by Courier Fraudsters Information from Action Fraud