11/01 - Category: Me Time, Planning Ahead

"Whatever you can do or dream you can, begin it. Boldness has genius, power, and magic in it" -Johann Wolfgang von Goethe

The beginning of the New Year is a great time to reflect on the last one, and 2009 was certainly an interesting year. The huge uncertainty about the global financial crisis (GFC) ensured that conversations about money were taking place. The GFC has dominated headlines and instilled fear and caution in many of us.  Subsequently, our goals have changed from growing wealth to preserving capital. This all occurred only a few months into my financial journey with ANZ, so it was an intense start to getting my head around economic fluctuations and how they impact us all.

I was mindful of my long-term goals and am pleased to say I stayed on track to achieve them. I have realized that by making small sacrifices now, I can avoid having to struggle in the future.

The work I put into setting up my financial plan meant I had an adequate buffer should anything go wrong. This proved to be a great relief (as there were a few unexpected expenses!) and in this environment of uncertainty I was truly grateful for my preparation.

My conservative instinct was reinforced when I read about the failures of many investment vehicles. That’s not to say I’ll never move away from this position, but while my family is young and I’m able to work I hope to make the most of this opportunity to provide for our future.

I wonder what 2010 will bring…

Happy New Year everyone!

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