Hi everyone,

In the past several weeks there has been a lot of talk about “planning ahead” on this blog. I talked about planning ahead for big events to ensure you have enough money in the bank when the time comes to jet off on that sun holiday or buy that latest flagship phone. I talked about planning ahead for those unexpected events in life by setting up a “Rainy Day Fund” so you don’t end up stuck for cash when you need it the most. However, financial planning doesn’t stop there, oh no! The whole premise behind financial security is “Plan plan plan”. As that famous saying goes:

“Fail to prepare, prepare to fail”

This saying couldn’t be more true when it comes to Money Management. We all know the importance of planning financially short-term, but, what about long-term? Have you ever gave a serious thought towards your distant future plans? Well today’s blog is precisely about that, the importance of planning ahead long-term. Let’s dive in.

We are all guilty of spending hours online or at the shops looking for that “next big thing” that we are just so excited to purchase. We live in a world of media where we are bombarded with adverts that force us to buy, buy, buy and as a result think little of the bigger picture. Trust me we are all guilty off it, me included.  I know a lot of you may be thinking, “What the hell is he talking about, the bigger picture”. Well the bigger picture that I am talking about is big financial hitters that life throws at us the older we get. For example lets take 3 things that promise to be financially burdening the older you get, car, kids, house. Those are 3 big finance hitters that most of us will experience at some point in our lives. (There are a lot more but lets for example stick with these 3). Most of you readers may already have a car. Great! How many of you think that running a car is a cheap expense? Anyone? As I thought, it is and expensive asset to have.  Between insurance, tax, fuel, maintenance and depreciation, an average car can test anyone’s wallet. It is a convenience to have, but it is an expensive convenience. I own a very modest 2005 Opel Astra and it happily chews up my wallet on a weekly basis.

Now perhaps the next logical step in life is to buy a house. Great! Now let’s consider the basics when it come to this decision. You need to take out a loan. You go to the bank and the bank couldn’t be happier offering you a loan with big interest and of course a down payment on your loan. Wait, what? Yes, most banks will demand an upfront sum of money prior to approving your loan. Bummer, right? You were so excited to move in into your dream home but soon your hopes turn to nothing and you have to start saving and fast. Oops! Suddenly your wallet seems very tight. You have day to day things to take care off financially, that car to look after and oh yes, you have to save for your dream home and time is running out as you are not getting any younger and things are piling up on top of you.

Let’s say you managed to gather some money towards your bank loan and the bank approved your loan and you are all excited again bouncing from agent to agent looking for your dream home. Great! Now that’s out of the way, what’s next? Well we all are not getting any younger so soon you might consider to start a family in your beautiful new home and someone to make use of those spare seats in your fancy new car. Now let’s plan on preparing for a baby, we will need to consider things such as buying baby toys, nappies, day care fees, pram, cot, etc. Wow! Now things are getting very tight financially. Right? Now you have to worry about starting a family, running a car AND pay off that big mortgage. Scary right? It will soon feel that all the great things in life such as holidays, weekend trips, new phone, etc will have to wait and wait a long time at that.

Now those three things are just the things that I thought off at the top of my head. I am sure there many many more expenses that we will have to endure we are at an age where we have to take life seriously and care off all those things that is always (in our heads) far away in the distant future. You see, our future very quickly becomes are present and if we are not prepared for it we are going to suffer. We need to act now so our future years will be just as enjoyable as our present years. This is why it is wise to set some money aside whenever possible for those “distant future” events. Whether it is towards a new car, retirement, mortgage or family etc. We need to start saving surplus money now. It does not matter what age you are, in your teens, 20s, 30s etc. it doesn’t matter. Everyone in the same boat, everyone comes face to face with reality of life at some stage and we need to be as prepared as possible for it. Start now and don’t stop!

Thanks for reading and I hope I have motivated some of you to plan for your financial security long-term. It will stand to you in the long term. Stay determines, stay focused and don’t forget to enjoy yourself too. Again, I welcome any feedback, comments, ideas or if you just want to say hi, please use the comments section below and join the discussion.

Hope you all enjoyed this blog and chat to you guys on the next one.


    1. Declan,

      If I had to prioritise just those three things I would say:
      1. Kids
      2. House
      3. Car

      However, there are a lot of other factors and events in life that require attention, such as retirement, weddings etc.


    1. Eoin,

      Don’t get freaked out. The blog was just a simple heads up on some things that not many people have thought about. Just stay focused and save what you can.


    1. Hi Triona,

      That was my topic of next weeks blog. However, it seems like a lot of people are asking the same question. I might go against my plan and post a blog tomorrow if that’s what people want to read about.


    2. Triona,

      That was the topic of the blog next week. However, there has been a lot of people asking the same question. I might post a blog earlier than next Monday if that’s what people want to read about. Seems like a lot of people are a little bit freaked out.

      Liked by 1 person

    1. Rita,

      You can start saving at any age. The sooner the better. The sooner you start the faster money start to build up. I plan to write a blog about how one can start their savings for the future. Due to popular demand I might wirte this blog sooner than next Monday. Stay tuned.

      Liked by 1 person

    1. Jenny,

      You can always enjoy your life. Also, you can always save if you have surplus in cash. Sure spend on yourself and have fun but why spend money on yourself going on four holidays a year and buying the latest car when you can buy a modest car, go on 2/3 holidays a year and save the surplus. (ok that was an exaggerated example but I hope you get my point)


    1. Bobby,

      That’s life. We all need to be prepared as much as possible otherwise we will end up getting a loan after loan and getting deeper and deeper into debt. That’s just my view on it.


  1. Would you be able to provide us readers… as so many of us are panicked by this topic in particular how we would go about saving for these things

    Liked by 1 person

    1. Katie,

      I was planning to write a blog on how one can save for such life events. However, it seems a lot of people are freaking out with this blog post, so if I get enough support I will write a blog on how we can all prepare for such life events before next Monday. Stay tuned for more.


  2. From the first blog I read of yours Vadim my mind thought and process has completely changed. If I read this blog a few weeks ago it would really panic me and frighten me. Thanks to you I feel like I am getting on top of things and if I continue to keep on top of things through my excel sheet and savings this will not phase me in the slightest. That is all thanks to you and your tips you have kindly shared with us

    Liked by 1 person

    1. Katie,

      Thanks for your support. Glad to hear you have implemented some of my ideas and even more glad that they are working for you. Keep working and keep focused. Stay tuned for more blogs.


  3. Massive fan of your blogs Vadim and I have been following you from blog number one. Although it is right to inform people about all these expenses that are so important in the future, I think it is also very important to give people a solution or method to help make such a scary topic less daunting … That’s just my opinion

    Liked by 1 person

    1. Hi Hannah,

      Very good point to make. I see where you are coming from. I was planning to write on how we can all manage our finances to prepare for such life events in my next blog. It seems a lot of people are thinking along the same lines as you. Due to popular demand I might end up posting such blog before next Monday. Stay tuned.


  4. What are your goals for this blog? Are you solely going to advice people on money management or will there be other areas you will be speaking about … Big Fan

    Liked by 1 person

    1. Sarah,

      At the moment I am focused on writing blogs about Money Management and Gambling addiction.
      However, I am very opinionated person and I would love to write about variety of topics and offer my opnion on a weekly basis that may interest readers. If this is something you or other readers would like to see then please voice your opinions via comments and if this is something that a lot of people would like to see then I will make time on progressing this blog further on a range of other topics. Thanks for your support.

      Liked by 3 people

  5. After telling us all this Vadim … What would you advice us as readers would be the best approach to start planning for stuff like this… This is coming from a reader who has not given much thought or savings into this area of saving

    Liked by 3 people

    1. Hi Matthew,
      Yes, it seems like you and a lot of others are wondering the same thing. This is to follow in my next blog post. Sit tight and stay tuned. Hope you are enjoying the blogs.


  6. From the bottom of my heart this blogger is just so approachable and down to earth. Vadim deserves so much respect and credit for what he does not just by posting these blogs but also the behind the scenes. Vadim deserves every bit of success and happiness that this blog brings him. If you are reading this comment give this blogger a follow … I can guarantee you that you will be far from disappointed..

    Liked by 1 person

    1. Alex,

      Thank you so much for such kind words. I appreciate your support and your comment. Keep focused keep determined and you will get your results.
      Stay tuned for more.


  7. Hi everyone,

    Glad to see this blog got such a huge reaction. I appreciate every comment, every like and every reader. This blog thrives on your support readers.
    It seems that there is a common theme among all the comments as a reaction to this blog – “where do we start”. I am planning to explain on how one can go about starting their own savings and explain more what it means to plan for long term. If this gets enough support and popularity I will try my best to write up a blog and publish it before next Monday.
    Thank you all for all the support and sharing of ideas. It means a lot. Please continue to share ideas, comments and opinions via the comments section.
    Please spread the word to others and lets keep going on this journey together.
    Keep focused and stay tuned for more.

    Liked by 7 people

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