If you are a certain age you might remember Mystic Meg, the Saturday night lottery stalwart who predicted (badly) the winners but when saving for the future who is your Mystic Meg? How do you envisage what your life will look like in 5, 10, 20 years’ time?
When it comes to short, medium and long term financial decision making and planning for a fruitful financial future and life well lived, our job as Financial Planners can often seem at odds to societies deeply engrained doctrine. Balance is the key to success.
Every good plan must start with the end in mind. It is vitally important to think about and visualise various milestones and objectives you (and your family) want to achieve throughout your lives. Plan early. Once goals have been determined and initial plans put in place, it is important, above all else, to remain disciplined. Simple, not easy.
Below are a few top tips and behavioural ‘nudges’ to help you stay on track with your longer-term financial plans.
Whilst saving and investing for an uncertain future is important and necessary, it is vital to balance enjoying the present moment too. Remember what money is and represents – it is a means to an end, not an end in itself. Money matters, but life matters more.
If you would like to speak to a qualified financial planner about this, or any other matter, please give us a call today on 0141 420 2033. We would love to hear from you.
This article is distributed for educational purposes and should not be considered investment advice or an offer of any security for sale. This article does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. Errors and omissions excepted.