In the ‘Twitter World’, comments are often made which are funny, entertaining or informative.
Sometimes comments are made that are simply libellous!!
Occasionally comments will spark a debate or simply deserve a response – and occasionally that response will be to correct a misapprehension. Take one tweet today:
“Financial advisers never advise to buy things & enjoy themselves”
This is simply not true; as Martin pointed out in a tweet in return “I hear @nickbamford doing that all the time!!”
It is true, as many of our clients will confirm, that I often find myself recommending that they spend some of the wealth that they have accumulated.
Is that really unusual behaviour for a financial planner?
I like to think not, after all surely accumulating money is not just about ensuring you can pay the bills later on in life it must also be about enjoying yourself now.
I use that very expression that money is about its enjoyment as well as about investing it for the future.
Now I am not proposing that our clients rush out and spend all of their wealth and then suffer the consequences later on in life. But I do think that having evidenced that what they have accumulated so far is going to be enough for their future needs, it is quite correct that they spend some of it today on things they really want.
After all no one knows if they are going to be around long enough to spend it all – and I absolutely guarantee that you cannot take it with you!!
Photo credit: Flickr/lululemon athletica
