How to Avoid A Personal Fiscal Cliff


When I lived in Bristol, UK, one of my favourite places was Clifton. It had my favourite pub (The Jersey Lily), my favourite church (Christ Church), many of my favourite shops, and I even worked there for a while (Aegis Unit Trust).

But Clifton wasn’t named for any of those things, obviously it was a town named for its stunning cliffs. And spanning the gorgeous Avon gorge, is the Clifton Suspension Bridge which links Avon with Somerset.

Like the Sydney Harbour Bridge, the Clifton Suspension Bridge is the most globally recogniseable structure of its city, Bristol.

Opened almost 70 years before the Sydney Harbour Bridge, the bridge has provided a way to safely and comfortably transport people across the chasm for almost 150 years. It has become such a way of life, that most people don’t even think about what a wonderful benefit the bridge provides to them everyday.

And they shouldn’t have to. Part of the usefulness of a bridge is that it feels the same as the road before it and after it – you are able to travel on level ground even though you are actually passing over a great chasm.

Over this New Year’s period, I was watching the news about the “Fiscal Cliff” in the USA and despairing that the leaders seemed unable or unwilling to build a bridge that would allow their people to avoid the cliff and instead travel safely and comfortably into 2013.

When you are facing your own personal fiscal cliff, the best thing you can do to avoid the consequences of plummeting into a vast gaping chasm, is to build a bridge. How do you do that financially? You create a structure which helps provide the level ground of stability in good times and bad.

One of the best structures is to set up automatic payments (EFT or BPay are best) that ensure you are travelling towards your financial goals every pay day. Consistent investment in your financial progress may seem boring compared to bungee jumping, but if you want to stay safe and comfortable and ensure you have a Happy New Year in your finances, boring may be your best option.

Have you got any New Years Financial Resolutions? What’s your best money tip for 2013? Leave a comment and let me know about any “bridge” strategies you’ve got.


4 Replies to “How to Avoid A Personal Fiscal Cliff”

    1. Congratulations John – both on saving – and on living a life that is worthy of consistent investment in your future. May 2013 be a bridge to even bigger things!
      Thanks for commenting, too 🙂

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