How should I improve my financial position?
Not a HENRY per community standard but looking for advice to improve my position.
I’m 33 ex consulting now working in industry. Worked in London and just moved to the North. I thought my career path is going well but I think maybe my peers are doing even better. I want to know how I can improve my position - rebalancing my portfolio? Career change? Or any other ideas I should focus or explore more in.
Started as a grad and worked my way to manager in a consulting firm (tier 2-3). Currently a much better work life balance manager role in energy/auto.
Emergency fund £10k.
Cash ISA £55k, looking to use for house deposit —> is this sensible?
Stocks ISA £40k.
Pension £70k.
Now in the past few years I have been travelling a lot with a more lavish lifestyle. And looking back I don’t know if that was wise - definitely do not regret one bit for the experience I got to have though!
How do you think I should improve in term of personal finance? And any advice to go further on wealth accumulation?
One of the things I think I can do is to change roles. I admit the WLB is very good and I’m getting comfortable so will work on that. But right now the work place opportunities aren’t looking great either. A bit clueless how to have other ways of income as well - any inspiration would be greatly appreciated.