Which is better – a hockey stick, cricket bat or tennis racket? – I value my time enough to let someone explain the answer to me!


This is a question that would almost certainly be answered with at least one other question. Here are three we think are important to consider:

What do you want to achieve? 

How long have you got to achieve it?

How much are you willing to spend on it? 

To keep the example simple; if we will assume it is for partaking in each of the aforementioned sports it seems fairly obvious what the answer would be.

Yes, arguably you would be able to knock a hockey ball down the wing with a cricket bat, and with some excellent hand eye coordination; get a couple of tennis balls over the net with the hockey stick however the right tool for the right job is going to be far more useful.

This all boils down to what you are trying to achieve, how much you know about (in this case) a given sport, and how much time, money and desire you have to figure out the answer.

When I was running my own business, there were so many things I needed to concentrate on to keep the day to day running of the business on track. I didn’t want to think about the minutiae of problems, I wanted answers from people in the know and I was willing to rely on their expertise. I maybe knew I needed a cricket bat to dispatch drives through the covers but where to get one and which would be best for me, I didn’t know and didn’t have the time to find out.

If you can answer the first three questions you will get pretty close to getting down to what will be best for you in your situation. Sometimes it can help to have a discussion around these things to avoid our own biases (and end up trying to play tennis with a cricket bat) and consider all the options. Once we know which piece of sporting equipment would be best for us, it is usually a good idea to ask an expert in any given area what make/model/type would be the most suited to us.

At this point we return to our three questions until we know exactly what is right for us in any given situation, and that is what we do when choosing the best financial solutions for our clients. Initially, the solution is unimportant until we know exactly what it is we are trying to achieve and how long we have to achieve it. That is why we think these three questions are so important and why we approach our planning in that order.  Which sport first, which bit of equipment last!