Premium Finance Services

A friend of Mine, Kevin Bailey, runs a major Financial Planning company in Melbourne that focuses on controlling those things we can and minimising the risk associated with those we can’t. This is the same philosophy adopted by Premium Finance Services.
Kevin’s article and views are reproduced below on Prioritise and Regain Control
We are all going to have to tighten our belts a little in the period ahead. No one likes to have to work to a budget. A budget so often becomes a negative, focusing us on what we can’t have rather than we want to achieve. I believe the answer to succeeding in the exercise of budgeting lies in the way we frame our thinking.
When we are told we can’t afford something it can tend to make us feel like a victim and we focus on how unfair the situation is. One of my earliest memories was going into our local milk bar with my mum and seeing all the lolly jars full of treats, only to be told “No, we can’t afford it”. I can tell you I had an emotional experience that let the whole world know I was not happy.
A short while later I went into the same store with an aunty who told me that “Yes, I could have a lolly but I had to choose just one”. The difference between the two experiences was stark. In the first instance there was a feeling of having no control and there was a bitter resentment at the injustice of it all.
The experience with my aunty was one where I was in control of my choices and I just had to prioritise. I might have only been a pre-schooler but the lessons and memories remained. As adults we are faced with an array of choices. Those choices collectively lead us to the position where we are able to determine how we allocate our available resources.
When we say we can’t afford something, subconsciously we can build resentment and feelings of injustice and of being a victim. Despite this, so many people use this phrase in their everyday language. I think what we really mean is that it is not a priority. By replacing the phrase “I can’t afford it” with “It’s not a priority” we are empowering ourselves to feel in control instead of being a victim of circumstance.
This is the approach we use at Premium Finance Services to help our clients achieve financial independence – work out what the real priorities are and work towards them – for most of us the real priorities are our family and its future, not a dinner out and new video game.
What are your priorities?

Tags: Brisbane, Melbourne, Premium Finance, Premiume Finance Services

This entry was posted on Tuesday, September 15th, 2009 at 12:04 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.