Financial planning

Are you a busy white rabbit?

Colin Dyer

Lewis Carroll’s White Rabbit in Alice in Wonderland expressed a very modern frustration when he said “the hurrier I go, the behinder I get”.


Is this you?  Working hard and keeping busy may give the impression of success but does climbing the career ladder necessarily go hand in hand with building your finances?

How many times have you answered the question “How are you?” with the answer “Really busy!”?  Being busy seems to have become the Holy Grail for the 21st century.  But with our eyes always on business matters and increasing the bottom line, many fail to keep our personal finances in order.

“Curiouser and Curiouser” (said Alice)

Why do busy successful people have disorganised finances?  It’s very odd – their working lives are a picture of efficiency and professionalism.  But back at home it’s another story:  our paperwork accumulates in ever-growing heaps and we never find time to check what we have in place is still fit for purpose to protect our families and build for the future.   It makes no sense, but we just don’t have time to think about it.

Or, maybe we’re just spending time on different things. For example, research by Standard Life and YouGov found that last year more time was spent organising music collections than planning financial futures. Even more worryingly, over half of those surveyed admitted to not reviewing their pensions at all.  People:  it’s time to take back control…

“No wise fish would go anywhere without a porpoise” (said the Mock Turtle)

Having goals is important, and charting how to achieve them even more so.   You need a purpose and a plan.  However – critically – you also need to make sure you review your plan and hone its purpose as your life changes.

Let’s take life insurance, for example.  Most of us took out life cover policies when we first became homeowners or parents and these policies sit there gathering dust, incurring the same premiums year on year.  But available premiums vary so we could be paying over the odds.  And we probably haven’t considered if changing circumstances mean we need a different level of cover.

“Why, sometimes I have believed in as many as six impossible things before breakfast” (said Alice)

Here at 1825, we hear many excuses as to why busy people don’t make the effort to review their finances.  Some feel it’s impossible to get good returns in times of poor interest rates, wherever your savings are held.  Others say it’s impossible to make their investments sufficiently reactive to weather market turbulence.  Some think that pensions are too complicated and impossible to understand or say that it’s impossible to plan ahead for care fees or Inheritance Tax, because of changing Government policies.

We say that good planning can make all things possible:  there are better interest rates out there if you shop around; investment management can help portfolios ride out any storms; pension freedoms offer wide-ranging options in retirement; strategic planning can help prepare family finances for any challenges ahead.

“I give myself very good advice but I very seldom follow it” (said Alice)

Busy successful people are undoubtedly intelligent and understand that you can’t really thrive without being flexible and reactive.  You just don’t have the time or inclination to extend those basic principles into their personal finances.  So what can you do?

The solution is simple:  get expert advice.  Like most people you probably take your car to a professional for its annual service, so why is there an apparent reluctance to take your finances regularly to a professional for a proper check?  Calling on expert help will not only save you precious time but will also give you a better outcome.

1825 can help:  we have teams of financial planners who understand every aspect of your finances and can dust off all your old plans and strategies.  We’ll put together a plan that is tax-efficient and that plots a route to achieve your goals.  We’ll make sure that your plan is comprehensive – that it covers each of the different challenges that you might be faced with in the years to come.   We’ll make sure it works hard to build upon the fruits of all that hard work you’ve been putting in, rushing around in the fast lane.  In practice, that means looking at investments, pensions, protection and tax planning and putting together a set of measures that will work as hard as you do.

That’s what keeps us busy.

For help in building your financial plan, you can contact us for a free, no-obligation discussion.

Investments can go down as well as up and you may get back less than you pay in. The information in this blog should not be regarded as financial advice.