CAP Business Clubs
  • Home
  • Members
  • Contact
  • Podcasts
  • Books
  • courses
  • Blog

 Blog page 

See our members

Financially mating the google grazer with the bone idle apathetic songbird.

26/2/2014

0 Comments

 
Picture
Author - Paul Smith
Picture

Financially mating the google grazer with the bone idle apathetic songbird.

Going alone in the world of financial planning is no bad thing, let's face it - there is a wealth of information, knowledge and general consensus online regarding what you should or should not do and It's a fair bit cheaper doing it yourself as well! So why wouldn't you?

Well there is the old adage that a "little bit of information is dangerous", no more so than within the realms of financial planning. The times that I have sat back and inner sighed at the decisions new clients had previously made. Decisions like taking an annuity from their pension provider without looking around, like telling me that gold is the best thing since sliced bread and one of the funniest for any adviser is to be sat with a client who says that they are adverse to risk but would happily plug a large percentage of their salaries into their employers share save scheme! (Any employee of a bank would be feeling this)

Why do we do this? why do we feel that jumping in with both feet is somehow putting our best foot forward? Yet not realise we are sinking whilst standing still? In my experience recently, it's down to the apathetic songbird and the google grazer!

The apathetic songbird

It's easier to sit back on our laurels and hope for the best, to put our faith within financial institutions in that somehow they know best and not review the status quo. Yet we blame others for our own inaction. I'm flabbergasted when new clients have known they should have taken a course of action but were too lazy to make a decision, because it's easier not too. This mainly down to fear of making the wrong decision. Ironically it's always someone else's fault that they didn't review their finances.

The google grazer

It's great to scour the internet for general facts and others experiences, any information on any given financial situation is available online. We spot some other persons situation within forums and force empathy upon ourselves in that "what's right for them, must be what's right for me, I can identify with that, I'll buy into that - that's the decision for me"! We put blind faith into our decision process without even meeting the person or understanding that persons real circumstances - blind empathy! No two people are the same when it comes to financial planning, we are all unique! So following the herd, because others do is plain barmy.

In short we can all but fail in our financial decisions, blind ignorance can usually sail us through yet not to a chosen destination without solid planning!  But for those that understand that insight is the understanding of not what can be done, but what you should do given your current circumstance. For the ones that appreciate the difference between internet knowledge and the power of insight, I salute you.

0 Comments



Leave a Reply.

    Categories

    All
    Accounting
    Broadband
    Business
    Computing
    Crafts
    Digital
    Education
    Electrical
    Fashion
    Finance
    Food And Drink
    Garden
    Health
    Human Resources
    Insurance
    International
    Jobs
    Legal
    Maintenance
    Marketing
    Mortgages
    Networking
    Other
    Photography
    Sales
    Seo
    Social Media
    Telecoms
    Training

    CAP BUSINESS CLUBS BLOG

    Archives

    December 2018
    November 2018
    July 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    October 2016
    July 2016
    March 2016
    February 2016
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013

    RSS Feed


     Visit us on Facebook - We always appreciate any "Likes"
    Picture

    Contact us
    T: 01594 723120
    M: 07811 981929
    Email: Here


    Office 3
    The Main Place
    Old Station Way
    Coleford, Glos
    GL16 8RH


    Picture
    Home
    Members
    Contact
    Join
    Links
    Testimonials

Office 3, The Main Place
Coleford
Gloucestershire
GL16 8RH
Privacy Policy
Picture
  • Home
  • Members
  • Contact
  • Podcasts
  • Books
  • courses
  • Blog