Premium Finance Stories

This is Lynette, a Relationship Manager from Premium Finance Services. I had a number of clients in this week who said they have always wanted to get into an investment plan, however they were Procrastinators and kept putting it off. I think this is just another way of saying “I AM AFRAID”. This is perhaps one of the most common reasons why people never start to invest, even though they may want to, and do realize that they need to, is FEAR, plain and simple. They have a profound fear of failure so its easier to do nothing. Franklin D Roosevelt, in his inaugural speech in Washington, summed it up:

“First of all, let me assert my belief that the only thing we have to fear is fear itself –nameless, unreasoning, unjustified terror which paralyses needed efforts to convert retreat into advance.”

FEAR, it stops us dead in our tracks ! It prevents action when we know we have to act. Yet most of our fears are unfounded. They are based on illogical perceptions of what “might” happen. Some people are very fearful of sharks and are nervous of going in the water at the beach, but these same people don’t mind getting behind the wheel of a car and driving thousands of kilometers. Their fear of sharks and lack of fear of a car accident are not reality. According to the Australian Bureau of Statistics, on average, only one death a year is caused by sharks for the past 200 years, while over one thousand people are killed in car accidents every year. What should we be more fearful of, sharks or cars ?

If people are afraid of plunging into an investment plan, they should keep in mind the alternative of living their retirement years without enough funds for their everyday needs, holding out for a meager pension that may or may not be there in the future. As a pensioner, how many times do you want to avoid clearing your letterbox because you know there will be an electricity or telephone bill in there you can’t pay. What a horrible retirement !

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

This entry was posted on Friday, September 25th, 2009 at 12:33 pm 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.