Are you living in La La Land?

Are you living in La La Land?

So the BFI London Film Festival is here again – celebrating its 60th yet retaining a considerable fresh approach to film which this year even includes a very good temporary cinema in Embankment Gardens… thankfully it is an indoor cinema!

La La Land is the latest film from Damien Chazelle (who Directed “Whiplash”) it’s a charming love letter to Hollywood. With all the ranting and sheer stupidity displayed in American politics (we aren’t much better) it is worth remembering what the US does best – storytelling and entertainment. Of course there are many, many things that are done incredibly well in the US, but these, to my mind stand out.

Dreams and Tension

This latest film is a musical about how difficult it can be to hold onto your dreams, particularly when so many others appear to share the same dream and perhaps have an advantage or two. Emma Stone and Ryan Gosling have a fantastic chemistry and remind us that despite appearing similar, timing is everything and holding the tension of a relationship and a single-minded focus on your dream can be a lonely and exclusive experience (as also explored in Whiplash).

movie poster, piano keys for La La Land

Lifestyles and styled lives

In years gone by, financial advisers were much more obviously” selling dreams”, in fact I might suggest that many were simply selling fantasies. Providing descriptions of a future version of you – helping you to imagine yourself in that yacht, with that house, driving that car… essentially marketing a lifestyle to you to consume. Today things have changed. Today a financial planner is not there to prescribe, but to help digest, encourage and help verbalise what it is that you truly want so that a plan can be crafted to help you achieve it. Sometimes significant behaviours need to change in order to have the future that you want, but in truth this is fairly rare. However, it is worth pointing out that getting a couple to think about their future does on occasion mean reflecting on whether they want one together.

Baggage that matches…

The truth can be rather difficult to swallow, sometimes uncovering aspects of a relationship that are difficult (how we handle money, why and what for). It should be obvious that a financial planner, is not a marriage counsellor, yet on occasion the conversation can lead in a direction for which a financial planner has no training at all, merely life experience. How a couple talk about money, but more importantly their goals for the future is not always easy to manage. We all bring the baggage of our experiences, values and expectations, some will be helpful, but some will not. How your own parents handled money is often just below the surface, there can often be an echo of the past in the present relationship and this can form a significant element of “how things are done” today. Let us not forget that Relate cite finances as one of the most stress-inducing aspects of a relationship, so many will simply ignore the problem hoping it will eventually go away…

And all that Jazz…

As in the movie, (which is a real homage to Hollywood musicals, the place and jazz) whilst there is a very valuable element of recognising and preserving the originals, those were ground-breaking and new, so to simply maintain is to fail to understand a key dynamic. We all need to forge our own path, which may be informed by the past but not governed by it. The difficulty is figuring out the path you want to take and whether it is one you both want… which brings its natural challenges and given voice in the romantic melancholic song “City of Stars” which you may be whistling or humming to yourself by the end.

So, having a clear and shared focus about your future is, well… vital for your financial plan to be successful. The struggle will be to confront some truths about how in-sync you are and what you’d like to do to restore your rhythm. I won’t pretend that this is easy, but the secret to any great performance is the ability to rise from the knocks, learning, practising until it appears to be easy, but “effortless” it never is…. that’s for those that really are living in “la la land”.

Your challenge is to pick up the phone or send me an email to book a time to have the honest conversation about what you really want your future to look like. No matter how  polished the final result, there is plenty of work ahead. I didn’t say that honesy is always easy to deliver or to hear.

Here’s the trailer for the new film .

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email

Are you living in La La Land?2023-12-01T12:19:05+00:00

What is great financial planning?

What is great Financial Planning?

Financial planning is something that I have a real passion for. It is my belief and assertion that when done well, proper financial planning is akin to a light bulb moment or a bit of an epiphany. In essence as a financial planner I address the fundamental question that clients ask (even when it isn’t verbalised)… will I run out of money?

Living Deliberately

A financial plan is essentially your lifetime goals, perhaps aspirations, but clear, well defined and thought-through goals. This process can take some time to get right – not because the process is difficult, but because most people simply don’t know what they want out of life. American life coaches probably call this “living deliberately” rather than “living by accident”. In other words – if you don’t have a lifeplan, how can you make good decisions.

Treasure the questions

The questions can be fairly straight-forward – “Can I afford to buy this house and pay off a mortgage, run it and still afford to live in it when I retire?” or perhaps “I’d like to retire from my job at 60 not 65, but can I afford to do so with all of my commitments?” or “I have worked hard to build my business, what I need to know is what is the sale price I must achieve to do all the things I am working for?”.

Sometimes the questions are less clear – “Can I afford to start giving money away to my children or will I need it later?” “Can I really afford to spend all this money in my retirement? will it run out?”… “What investment return must my savings and investments achieve as a minimum?”

Yes there are lots of assumptions, proper financial planning will involve use of some type of cash flow modelling – certainly assumptions about the future, but these are reasoned, reasonable and reviewed.

Seeing is believing… take it from a doubting Thomas

A great financial plan, will provide answers to the questions that you have thought of and hopefully quite a number that you didn’t. Seeing this graphically represented is a very powerful and profound experience, something that enables you to make better decisions and understand why a financial planner is no more interested in financial products than you are – we are interested in solutions.

What’s your passion? your dream?

Salmon Fishing In the Yemen” is a really great “little” British film which seems to capture an aspect of current times. I won’t give the plot away, (its well worth seeing with a fantastic cast and director) but in essence stereotyped cultural barriers need to be crossed in order to achieve an ambition… a vision, which sometimes means going against the flow.

Vision is more than eyes to see

To some, what on the surface seems daft, ludicrous or mad really poses the question – do you understand the vision? not just the “head-stuff” but the “heart-stuff” too? Great financial planning must connect with what’s in your heart, not just in your head, after all, we’re talking about your life, not a hypothetical one. As one of my favourite dance bands “Faithless” suggest “you don’t need eyes to see, you need vision” (Reverence track from the 1996 album of the same name).

Here is the trailer for Salmon Fishing in the Yemen, a movie that I really enjoyed.

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email

What is great financial planning?2017-01-06T14:40:06+00:00
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