We all recognise that the food we eat will impact our long-term health. The evidence is clear, eating processed food, like Burgers all the time is clearly unhealthy.
You don’t eat a burger every day because you can see it, touch it, smell it, and taste it. Your senses tell you it’s not a good idea to eat the burger today. Your senses remind you why it’s important not to eat burgers all the time.
Yet when it comes to your money that you’ve accumulated for your future, and your family’s future, your senses are not strong enough to tell you whether you are investing in the wrong things or not.
It’s like being fed burgers all the time and not knowing whether it’s good or bad for you.
Imagine you are explaining your investments, pensions, ISAs to a six-year-old child. Could you explain so they understand? If it’s a challenge, perhaps you don’t know as much as you thought. You must ask yourself whether you are guilty of not taking enough interest in your financial health. Often you can’t rely on your senses to warn you, instead you must think about implementing good financial health. It’s not easy, which is why it’s forgotten.