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!!
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