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11th February 1999Between a rock and a hard placeThis appears to be one of the official terms of the professional financial planner.It's a simple process: you describe your current financial state, and then you await the diagnosis. Between a rock and a hard place, comes the solemn reply... Ah, repent now sinner! For it is clear that you have strayed from the straight and narrow path of accountable prudence. And for your penance, you will be required to face the reality of your situation, work harder, save more and spend less. The fact that you will live the life of a puritan for the next decade should not worry you when you realise the ultimate benefits of secured retirement. And think of your children.... It has taken you years to descend to this pit of humiliation, and it will take years more to crawl out. Oh the shame. end of rant.
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