When times are as rocky as they have been recently, people can feel disallusioned with saving money and planning financially for their future. This is especially true when their is a general feeling of mistrust when it comes to financial institutions.
However, when it comes to planning for the future, it is important to consider the longer term view as opposed to reacting to every piece of negative news.
This week, there was a great documentary on the BBC with Warren Buffet.....if you missed it, you can find it on the BBC iplayer at http://tinyurl.com/yhnzaxv
Warren Buffett, in case you don't know, is considered to be the greatest investor in the world, and is highly respected for his insight, and more importantly, his integrity.
One of Buffetts main rules is "Don't Speculate, Invest" - i.e. don't concern yourself with the day to day market chasing mentality but take a longer term view.
This is why good money planning is fundementally important....it's about setting longer term goals, and reviewing these goals to see if you are on target to achieve these goals.....not chasing the 'quick buck". If it's good enough for Warren, it's good enough for me!!
Sunday, 1 November 2009
Tuesday, 27 October 2009
Planning for the future
For us at Common Sense Money, we believe in financial planning effectively for the future and ensuring that reviews take place on a regular basis.
Many peoples experience of financial advice has been purely transactional, only seeking advice when they feel they need a new "product" and a lot of professional advisers have been unfairly potrayed as commission chasing product sellers.
However, there are many professional financial advisers who believe in forming a long term relationship with their clients, ensuring they are looked after both now and in the future and ensuring they react to changes in their clients circumstances and changes in law which may have an impact. However, how do you find an adviser in your local area you can trust?
Common Sense Money is launching an IFA finder service within the next few weeks, which will provide access to good quality professional advisers across the UK. This service will be free to users of the site, and will ensure that you will be able to pick an adviser who specialised in your area of need, but review your circumstances holistically and build a relationship with you which will ensure you recieve best advice, not only now, but for years to come.
This is one of the ways Common Sense Money can help you make sense of your money. One of the other ways is the educational videos we provide, and Common Sense Money will be launching 2 new videos over the course of the next month.....keep an eye out for these!!
Many peoples experience of financial advice has been purely transactional, only seeking advice when they feel they need a new "product" and a lot of professional advisers have been unfairly potrayed as commission chasing product sellers.
However, there are many professional financial advisers who believe in forming a long term relationship with their clients, ensuring they are looked after both now and in the future and ensuring they react to changes in their clients circumstances and changes in law which may have an impact. However, how do you find an adviser in your local area you can trust?
Common Sense Money is launching an IFA finder service within the next few weeks, which will provide access to good quality professional advisers across the UK. This service will be free to users of the site, and will ensure that you will be able to pick an adviser who specialised in your area of need, but review your circumstances holistically and build a relationship with you which will ensure you recieve best advice, not only now, but for years to come.
This is one of the ways Common Sense Money can help you make sense of your money. One of the other ways is the educational videos we provide, and Common Sense Money will be launching 2 new videos over the course of the next month.....keep an eye out for these!!
Sunday, 11 October 2009
Understanding is the key.
Abraham Lincoln once said "give me six hours to chop down a tree, and I'll spend the first four hours sharpening the axe."
When it comes to managing your money, no phrase could better sum up the approach you should take. It's about understanding where you are financially, making sure you educate yourself with the options available to you, and looking at the options available to you in terms of any actions you need to take.
Many people 'jump in' when it comes to money matters, and find the water is too deep....the best thing to do is to learn to swim first. Shocking analogies aside, the principles are the same. Before you jump in ( make financial decisions ), learn to swim ( fully understand the decisions you are making )
However, Alexander Pope once said "A little knowledge is a dangerous thing". This is also true, and once equipped with the knowledge you have, you should seek independent advice from a specialist, who has both the knowledge and the experience to guide you through the choppy waters!! Think of your professional adviser as your financial swimming teacher!!
Chris from CommonSenseMoney,
Chris@Commonsensemoney.co.uk
www.commonsensemoney.co.uk
When it comes to managing your money, no phrase could better sum up the approach you should take. It's about understanding where you are financially, making sure you educate yourself with the options available to you, and looking at the options available to you in terms of any actions you need to take.
Many people 'jump in' when it comes to money matters, and find the water is too deep....the best thing to do is to learn to swim first. Shocking analogies aside, the principles are the same. Before you jump in ( make financial decisions ), learn to swim ( fully understand the decisions you are making )
However, Alexander Pope once said "A little knowledge is a dangerous thing". This is also true, and once equipped with the knowledge you have, you should seek independent advice from a specialist, who has both the knowledge and the experience to guide you through the choppy waters!! Think of your professional adviser as your financial swimming teacher!!
Chris from CommonSenseMoney,
Chris@Commonsensemoney.co.uk
www.commonsensemoney.co.uk
Saturday, 10 October 2009
New Intro Video Launched!!
I hope you enjoy our introduction video, explaining a little bit about what www.commonsensemoney.co.uk is about.
Chris from Common Sense Money.
Introducing Common Sense Money
Hello everyone....and welcome to the first post from Common Sense Money. We are a Uk based site designed to inform, educate and guide about all areas related to money.
We provide our content in a range of formats. We are especially proud of our video guides, take a look at our Video Page and tell us what you think!!
You can find us at www.commonsensemoney.co.uk , take a look around and tell us what you think. This site is designed to help you and therefore your feedback is always welcome!!
Well, that's it for our first post.....there will be plenty more, but for now just a quick introduction into who we are.
I hope to be seeing you on the site soon!!
Chris from Common Sense Money.
We provide our content in a range of formats. We are especially proud of our video guides, take a look at our Video Page and tell us what you think!!
You can find us at www.commonsensemoney.co.uk , take a look around and tell us what you think. This site is designed to help you and therefore your feedback is always welcome!!
Well, that's it for our first post.....there will be plenty more, but for now just a quick introduction into who we are.
I hope to be seeing you on the site soon!!
Chris from Common Sense Money.
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