TODAY’S BLOG

TWENTY-ONE

We have turned twenty-one. We are still here and growing again as I outlined in my last post. One of the many aspects of my work that I really love is the constant learning and improving. Whilst learning new things often seems a little frightening, a little bit of time and perhaps a lot of work can  provide a reassuring perspective.

It is tempting at anniversaries to do a lot of looking back at what has been achieved. However today I was introduced to a fairly stark image – no, not the usual pictures of backtracking ministers or inept politicians – a reminder that life is very, very short.

TEMPUS FUGIT – OUR CONSTANT

The author, Tim Urban (really?) continues to use and develop his basic visual tool to explore other ideas, but these all stem from the same basic idea of measuring life in different types of units, rather than perhaps monetary ones. A good financial planner will have discussed this notion to some extent with you – trying to help you appreciate that life is short and you may not get to do all the things you say you would like to do because time runs out. This is fundamental to any good financial plan in terms of knowing how much is enough. I’m not meaning “just enough” but enough.

The graphic shows a human life to age 90. For many humans, this will be longer than they actually live, for some it will not be nearly long enough. Tim spends time reflecting on things he does with his time and then tries to estimate how much he has done and how much he has left. It helps him to focus on what is important to him.

I wonder what you think? Its easy to get started with your own life in weeks, but its also rather daunting when you see how much time remains… hopefully. So I’m likely to adapt this idea to help you think about what’s actually important in your life and what you definitely don’t want to run out of time for. Anyway, the place to start is where you are now… and then cross out everything before or mark it as completed…. I’m available to discuss.

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 info@solomonsifa.co.uk

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info@solomonsifa.co.uk    Call – 020 8542 8084

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GET IN TOUCH

Solomon’s Independent Financial Advisers
The Old Bakery, 2D Edna Road, Raynes Park, London, SW20 8BT

info@solomonsifa.co.uk    Call – 020 8542 8084

SOLOMON’S FINANCIAL PLANNING APP

Our free powerful new Finance & Tax app.
To get started download and use password – solomons

   

WHAT WE’RE ALL ABOUT

If you would like a no-nonsense one page document explaining what financial planning is all about please enter your email here.

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