Adventure before Dementia

Posted by siteadmin on Wednesday 26th April 2017.

I was out with Caroline recently when we saw a young father trying his best to calm, control and cajole his energetic toddler children who were doing their best to drive him completely mad.

It made me think way back to when our two, Sophie and Ben, were young and we had the same frustrating issues.

You'd think that parenthood would get easier as your kids got older, but it doesn’t and the challenges simply change.

When I see people in such a situation I often say to them 'Enjoy it now as add on another twenty years, it doesn't get any easier'.

We're big fans of Mrs Brown's Boys and the end of every show, there's always a useful ditty that Mrs Brown tells. In one episode she said 'No one ever teaches you how to become a parent, but you learn how to get it right just as they're leaving home'.

And that’s a key point to successful lifestyle financial planning. When circumstances and things change, you need to adapt to make the best of them.

I heard a phrase a few weeks ago which stuck in my head - ‘Adventure before Dementia’. It was a flippant remark but summed up an attitude of making the most out of life and whilst we still have the opportunity.

Without wanting to sound like a life coach, it’s often about enjoying the moment we’re in rather than the ones we’re hoping to have.

That’s probably why I’m enjoying my motorsport so much at the moment. Thirty years ago I used to think I had some talent. Now I know I haven't any talent, but I'm having a blast!

My parents are in their eighties and from conversations we have had, I know that they have their reservations about me whizzing around a track and being constantly one misjudged manoeuvre from crashing.  As I have done on a couple of occasions.

But I’ve weighed up the risks, I take the relevant precautions and safety measures and am really enjoying my racing.

Again I come back to the world of financial planning.

Establish what you want, get a plan in place to protect yourself against the downside and measure and monitor your progress regularly.

Back to kids.

Just like my own parents with me, there are things that Sophie and Ben do that I’m not keen on. But they carry on regardless. They do what motivates them. They have their goals and aspirations - not mine.

And again the parallels of working with clients are there. The first step in any financial planning process is to establish how you want your money to support the life you desire.

It’s not exactly child’s play coming up with a sound, solid and robust financial plan. But it can be kept simple and with clear goals to make it work well for you.