The Dreaming Biker

The language we use in financial planning can be somewhat foreboding. Take the word ‘retirement’, for example. It brings with it images of a gold watch and being put out to grass. It sounds like no longer being wanted and getting old.

The word ‘pension’ is even worse. You might as well tell a young person to put their money into a locked box; the key to which will be given to them far, far into the future, and only then if they don’t die first.

So mention ‘retirement planning’ to most people under 35 and their eyes will glaze over, never mind suggesting that they ‘start a pension’.

Let’s change the language we use when thinking about the future. Let’s speak in terms that will shift the focus from one of ‘planning for retirement’ to gaining an understanding of what we want from our lives, now and in the future, and then plotting a path which can give as much of this as possible.

Financial planning with wellbeing as its primary aim.

I heard a story once about a man who was a biker. Hairy fella he was, looked terrifying but was actually a sweetie. Now this chap decided at the age of 21 to start working permanently on the nightshift. He worked nights six days a week, and planned to do so for fifteen years. He could not spend much money because he was working all the time. He basically put his life on hold.

At the end of the fifteen years, he stopped working, got on his bike, and went off round the world. When the lady who told me this story met the biker he was 8 years into his travels, and planned to continue travelling for another 7 years. Then his travel fund would run out and he would have to go home.

The biker had worked out what he wanted from his life, and had created a – fairly extreme! – plan to get there. No life for fifteen years, then the greatest life he could imagine for the next fifteen years.

Now THAT’S financial planning!

 

If you are on Twitter, please do follow our new account: @FinWellbeing

Blog: How Can A Financial Adviser Help You Be Happy?

One truth that comes from the study of financial wellbeing is that we don’t generally know what makes us happy. How can we become more aware of our own wellbeing, and what are the barriers we need to overcome? Society’s Barriers To Happiness Strange as it may seem, life in our Western societies are not … Continued

Posted by:
December 8, 2019

Episode 55 – Overcoming Anxiety with Nick Elston

In this episode Chris, David and Producer Tommo share a chat with the inspirational Nick Elston. Following on from his spellbinding talk at the Financial Wellbeing Conference, Nick talks about his personal experiences with anxiety and how this led to becoming a professional speaker. With top tips on what you can do to overcome money … Continued

Stay in touch: News & Views from Ovation Finance


Sign up to get the latest news and views from the Ovation team straight to your inbox with the InnOvation Newsletter.


*We will never give out information to a third party