A talk about financial planning will take place at the Claremont Hotel, Douglas, next month. Managing director of training company TLC Business Solutions Sue Gee and Sharon Sutton, managing director of Thornton Associates - a firm of chartered financial planners - will be hosting the one-hour event on Monday, November 15 at 5.45pm. They believe financial planning is absolutely vital for everyone - whatever their financial circumstances. The talk is free and open to everyone. Sue said: "It is a myth that only affluent, high net worth or rich people need to plan financially for the future. "In fact it's probably more important for those of us who have less disposable income or who have a daily balancing act with money – we need to make this money work harder, find a way not to carry debt, save for the future etc, as otherwise we won't have a pot of gold to help out in later life - unless we plan to make one." Sharon added: "It's a well known saying 'Don't run out of money before you run out of life'. "It is estimated that up to 70 per cent of the population do not seek financial advice and that's for a variety of reasons such as they think they can't afford it or it is not for them and the state will provide for them when they retire. "Sadly, whilst there is likely to be some form of state provision in the foreseeable future, it is most unlikely to keep us all in the manner we would like to become accustomed to. "I see clients from all walks of life. Nobody ever has exactly the same circumstances although what we have in common is that we all face greater challenges in such a tough and uncertain economic climate and a responsibility to live up to them for the sakes of our families and our community." The Department of Economic Development is supporting the talk. Sue added: "The subject of financial planning or money management - if you prefer that term - has to be a key issue of all individuals because we know that government funding is becoming tighter year on year and therefore we need to be planning how we can fund our later life." Sharon said: "UK projected statistics indicate that in 2031 700 women out of 1,000 will live to beyond age 90. "This compares to actual statistics in 1971 when only 100 women out of 1,000 reached 90 plus. "For men the statistics are projected to be 500 versus only 30 in 1971. This means we need to fund for those extra years or indeed work longer." The aim of the one hour talk is to give people the opportunity to learn the key facts of financial planning. Sue said: "I honestly had no idea what the term financial planning meant when I turned 30. "Like most people I lived for today and just tried not to get into debt. "Fortunately I entered the finance industry which helped educate me and I now spend a percentage of my time training others in this subject. "This talk is a way for Sharon and I to offer those that do not have access to this training, that chance." This talk is open to anybody over 18. Sue and Sharon said they are not selling anything and they are not being paid - it is their way of offering help, guidance and understanding to those that have an interest in taking control of their finances and gaining more understanding of financial planning. Spaces are limited for the talk so anyone interested in going must reserve a space by calling Janet at TLC Business Solutions on 664789. Ends