Why your attention is your most precious resource

Category: News
A woman using a laptop while also checking her phone

When you think about what your most precious resource is, you might say money or even time. Yet an author recently proposed a different resource that you may be overlooking: your attention. With so many distractions in modern life, attention has become important. How often have you intended to focus on a TV show, but found your phone in your hand? Or put off your to-do list in favour of something that seems far more exciting?

Losing your attention can be annoying on a day-to-day basis. It may mean you don’t do everything you want or affect your enjoyment of activities if your mind is elsewhere. These distractions can add up and affect your longer-term plans and goals too.

Distractions have always had an impact, but today it’s far easier to distract yourself than ever before. All you need to do is pull out your phone to catch up on the news, scroll through social media, or even stream a film. And, of course, your phone isn’t the only distraction in your home. As well as material items, it’s just as easy for your mind to wander when you should be giving something your full attention.

There are many reasons for creating distractions. You may be putting off doing something or fear missing out. On top of this, we’ve become used to multi-tasking. While that can be useful in some scenarios, it can be a challenge to give something the attention it deserves.

5 ways to improve your attention

1. Pinpoint why you lose attention

Your first step should be to figure out why your attention slips. Is it because you’re worried about something or trying to put off a task? Knowing why you’re not giving something your full attention can mean you’re able to make a meaningful change.

2. Set out a to-do list

If you find distractions mean you don’t achieve everything you want, a to-do list can be incredibly helpful. It can help keep you on track and leave you feeling more accomplished at the end of the day. A to-do list may include things like completing work tasks or household chores, but, if you struggle to carve out dedicated time for the things you enjoy, make these part of the to-do list too. That could include spending time with your family without technology distractions or dedicating an hour to reading a good book.

3. Stop multi-tasking

When something is important to you, give it your full attention. Multi-tasking can seem efficient, but it can mean your tasks take longer or that mistakes are more likely to happen. If it’s something you’re looking forward to, multi-tasking can mean you don’t get as much out of it as you’d hoped.

4. Spend time exercising

If you struggle to concentrate, exercising can help you regain your focus. It doesn’t have to involve hitting the gym for a workout – even a walk around your local area can boost your attention span and mean you’re able to focus on the task at hand.

5. Practice meditation

Meditation is the practice of focused concentration where you focus on the now. Taking just five minutes a day to practice meditation can help you focus and improve your concentration by taking this mindset into other parts of your day. When you meditate, you don’t need to try and clear your mind, but rather pay close attention to the present moment, particularly your own thoughts and emotions.

How financial planning can help you focus on what’s important

While financial planning helps you understand your finances, it also involves spending time deciding what’s important to you. That may be spending time with your family, progressing your career, or travelling more. It’s a step that can provide some clarity about where your time is best spent and what to focus on.

Financial planning can also help your attention in another way, by giving you confidence in the future. If you’re worried about something or are uncertain about your future, it can affect your focus and even enjoyment. One of the biggest things families worry about is money. From whether you have enough in an emergency fund to cover the unexpected to planning for retirement, finances can be a cause for concern.

Financial planning can provide you with confidence that you’re taking the right steps to achieve your long-term goals, allowing you to focus on what’s important now. If you’d like to speak to us, please get in touch.

Please note: This blog is for general information only and does not constitute advice. The information is aimed at retail clients only.

What our clients say

Having dealt with various financial advisers in the past, both Gary and Kate give a far more personal service and explain things clearly. They take the time to understand what we want from financial planning and they have the knowledge to advise us in a variety of different aspects. Although we have only been clients from just before retirement, I would have no hesitation in recommending them to anyone of any age and we have absolutely no regrets in switching to Lifeplan.

Colin, Nottingham

A client since 2016

On my first visit to Lifeplan several years ago, Gary took lots of time to get to know my background, my financial objectives and me. There was never any sales push or persuasion to get my business. We’ve always discussed issues; Lifeplan give me options and I decide what to do. I don’t feel any pressure to do anything that I’m not comfortable with. I feel as though we have a personal relationship, rather than just being another business transaction. That's why I’m happy with Lifeplan’s guidance with my life savings.

Anthony, Northumberland

A client since 2014

We have been with Lifeplan for a few years now. Kate has been brilliant in helping us understand our level of risk and planning for retirement. Before we spoke to Kate, it was always something we would just say we’d get around to at some point! It’s really important to have a plan and I feel more secure about our finances now.

Kate, Gateshead

A client since 2015

I initially approached Lifeplan as my parents had used them in the past. I received excellent financial planning advice, and as I am still quite young and newly-qualified, this was invaluable. I also approached Lifeplan to help me find a suitable mortgage and again they were fantastic. They took a lot of pressure off me by dealing with lenders as well as solicitors. First class!

Jamie, Northumberland

A client since 2017

I would recommend Lifeplan to anyone, as they provide an excellent and honest service.

Philip, Newcastle Upon Tyne

A client since 2016

Initially we were unsure about contacting Lifeplan, as we were wary that any advice given may not be impartial or even to our benefit. We needn't have worried as we now have every confidence in the planning, investments as well as the will and trust Lifeplan helped us with. It is a great relief knowing we can trust the people dealing with our finances. We are always kept fully up to date and have annual meetings where everything is explained in clear and concise ways.

June, Northumberland

A client since 2016

I have more in my pot now than when I retired 11 years ago, even though I joined at the beginning of the banking crisis.”

Derek, Consett

A client since 2011

I have had nothing but the best advice from Kate Boon over the last 12 years, in relation to mortgages, investments and financial planning for later life. She’s always down to earth in her approach, but very knowledgeable and a real professional.

Irene, Hexham

A client since 2012

In the five years that Lifeplan has looked after our investments, we have received an excellent, friendly, professional service, which has given us very satisfactory returns on our savings.

Pauline, Lanchester

A client since 2011

Our family has worked with Gary and Kate for many years and have built up a good trusting working relationship with this professional, efficient and caring company. We feel that they always consider our specific financial needs and provide advice accordingly. We definitely feel we are in safe hands with Lifeplan.

Julie, Consett

A client since 2010

As retirement approached, I was uncertain how to proceed. Advice from Lifeplan set us on the right track and we are now enjoying a very comfortable lifestyle. Good advice was provided regarding our wills and Powers of Attorney. We appreciate the guidance given and feel happy and secure in our retirement.

Albion, Tyne and Wear

A client since 2015

Lifeplan is an approachable and plain-speaking business. They are always there to help and assist, as well as provide annual reviews of my current finances and what can be changed to benefit me in readiness for retirement.

Ian, Newcastle Upon Tyne

A client since 2011

Kate is my financial consultant and has put a lot of work into my investments recently, making it very clear how it has been invested and where. This appears to be honest, up-to-date advice from someone who clearly knows the markets. I receive a pleasant, friendly service, in a nice modern office also.

Andrew, Hexham

A client since 2015

Lifeplan provides a friendly, professional service at reasonable cost. They are very responsive to any request I make and keep my portfolio of investments in line with my ongoing requirements. In 12 years of using Lifeplan, I have never had cause for concern.

Rob, Newcastle Upon Tyne

A client since 2006

Gary and Kate have been excellent in understanding our needs and requirements and have given first class advice. They have helped with our financial planning and setting up a trust to ensure our wishes for the future will be met. Nothing is too much bother for them and they provide an excellent service. My wife and I would happily recommend them.

John, Newcastle Upon Tyne

A client since 2014

When I retired, I wanted my capital to work for me. I was looking for a reasonable but realistic return on investment, but without a high risk. Lifeplan have provided me with just that. I have an annual review, where we have a frank discussion about current arrangements and any changes that Lifeplan may recommend. There is no jargon and things are explained in an understandable way. Plus, they are thoroughly nice people.

Harry, Newcastle Upon Tyne

A client since 2015

I found Gary and Kate very easy to speak to. They listen to your concerns and wishes, then give you the best options on how to invest moving forward. Their choices are always explained to you in understandable terms.

Edward, Hexham

A client since 2014

We have always been given helpful advice in a most professional manner. Every detail was explained fully in a way that was easily understood. We would have no problem in recommending Lifeplan to anyone wishing to invest.

Lisa, Newcastle Upon Tyne

A client since 2011

I'd tried several advisers prior to being introduced to Gary and was not happy with their service. Gary was instrumental in organising our pension information, so that we could understand what we were paying in to and why. Sounds easy, but we have had three previous advisers from some of the largest banks that could not do this. Since meeting Gary, we have successfully transferred our pension fund and original property in to a new scheme. In addition to this, Gary has successfully helped our company purchase a new property through our pension.

Bruce, Tyne and Wear

A client since 2013

Gary sorted out my pension by tailoring it to my own specific requirements. Until then, it was with large organisations and I really felt out of control with it. He explained technical financial terms well and I felt that he was not happy until he knew I fully understood all aspects of the business. There was no pressure from him and I always felt very confident that he was doing the best he could do on my behalf. He is fully qualified, takes pride in his job and in my opinion is impeccably trustworthy. His team is also very efficient, keeping me advised on all aspects of our business.

Henry, County Durham

A client since 2009

I was looking for financial planning and not just financial advice. Gary explained options in an easily understandable way and offered an alternative way of looking at the impact on different financial models. Initial advice was exactly what I wanted, and I am satisfied that the options I have now chosen are based on sound advice. I have decided to become a long-term client. What myself and my wife wanted was someone whom we felt we could trust with giving impartial advice on our future financial situation, and this we feel we have achieved with Gary

Colin, Nottingham

A client since 2016

I was recently widowed and wanted to simplify my financial affairs for my children should anything happen to me. Gary was very understanding of my needs and dealt with me patiently and in a simple way. I believe the products he recommended will benefit me.

H Walker, Newcastle Upon Tyne

A client since 2016

I contacted Kate to review my pension arrangements, with a view to changing my then pension provider. She helped and advised me on what I currently had, and helped find something better for my current and future needs. Obviously, it’s too early to say, but Kate clearly explained and showed me on the software what my pension could be like when it comes to retirement under various scenarios.

Richard, County Durham

A client since 2008

Redundancy required a re-think of my finances and future planning. Gary set up an investment portfolio following a detailed discussion, including provision of advice that met our needs. I am very pleased with the overall return over the last six years, balanced against the level of risk we were prepared to take.

Brian, County Durham

A client since 2012

Gary has developed a structured plan to ensure our funds will last in retirement. We are now deciding when to retire or reduce to part-time employment.

K Walker, County Durham

A client since 2010

We made an appointment to discuss the remortgage of properties. Kate understood our requirements and personally sorted the process in a very professional way from the start to a successful conclusion. She dealt with all matters, no matter how small.

Jim, County Durham

A client since 2016

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