I’m not going to soft soap this week’s message, which is that:
Getting your financial shit together is an emergency.
Generally, I don’t like the alarmism of the news media who try and grab our attention by revelling in reporting the latest miseries from all around the world…which are mostly unrepresentative and which we don’t need to know.
The Escape Artist generally likes his blogposts calm, non-hysterical and no SHOUTING. He likes chilling with some nice tropical chill house or windchimes in the background…all non-shouty and zen as fuck.
But today is going to be an exception…because this personal finance stuff is an emergency…not for the earthquake victims of some far away country but FOR YOU. RIGHT HERE, RIGHT NOW.
Before I wrote this blog I assumed that everyone was working hard, saving hard and investing sensibly. After all, that’s usually the frame presented by the mainstream media. But I’ve come to realise that most people out there are doing it wrong when it comes to money.
The Escape Artist thought that after I’d single-handedly solved the Pensions Crisis shared the story of Kate, anyone who read that would understand this stuff is important and time critical. I imagined a world where everyone had a pension, no one left angry comments on the internet about how hard life is these days and we could all get down and party. Or teach the world how to sing. Whatever.
After all, the maths are compelling. You save £15k by the age of 25 which, with a Vanguard tracker fund and a bit of luck, could turn into £1m by the time you’re 65. True, inflation means that £1m won’t buy as much then but still…not too shabby. Pensions crisis? What pensions crisis?