Sunday, November 09, 2008

Now is the time to review your affairs----and those of your clients!

There are times in our lives when we simply need to take stock of the situation before us.

So often we are simply driven by daily events and we are consumed by them during the course of our days. These are likely to develop into 'ruts' of the deepest kind. I remember reading about the sign at the turn of the last century which was displayed on a road outside New York which had been used by horse-drawn buggies. It was full of ruts associated with the buggies. The sign read--"Choose your rut carefully. You'll be in it for the next 5 miles!"

And so it goes with life! But this is as good a time as any to review your circumstances and re-focus your energies. That is because some things have changed forever. In NZ 25 finance companies have bitten the dust. Several well-known investment banks in the US have gone or been swallowed up. ABC Learning Centres has gone into administration. There is a new American president who is 'African-American'. Kevin 07 is starting to hit his straps. We have a new opposition leader. Interest rates have gone down. Need I go on?

And because of this we should look at the possibilities that we may need to change some things in our lives too?

Do we need to re-orientate our business direction? Do we need to re-think our career strategies?Do we need to change some of our investments around to capture new opportunities? Do we need to re-finance our mortgages?Do we need to look more at exports ?

The analysis should start real soon I reckon.That is because the opportunities of the next decade are starting to take shape before our very eyes.

For professional advisors it is a great time of opportunity because our clients are wanting us to stick our bibs into their affairs and alert them to new things they should be considering.

Dearie me! So much to do and so little time!

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