3 times a missed chance lost the game
They say catches win matches, but a missed catch can also lead to a defeat. The same goes for financial planning – if you miss out on early opportunities, you stand to lose in the end. Using cricket as a metaphor for financial planning, here’s a look at some of the costliest dropped catches in the sport’s history.
Herschelle Gibbs drops Steve Waugh and the 1999 World Cup
Australia and South Africa were the two strongest teams in the 1999 World Cup. The tightly contested group match between the two was decided at this pivotal moment, when Herschelle Gibbs dropped then-Australian captain Steve Waugh at the score of 56, and then went to score 120 as Australia pipped South Africa. A tied match between the two in the semi-finals meant Australia went through to the finals due to a better head to head record.
The day Shane Warne dropped Kevin Pietersen
Australia had almost developed a monopoly of winning The Ashes through the 90’s and early 2000’s. An English team lacking in character and belief was always available for easy taking.
However, all of this changed in 2005. Rejuvenated under the captaincy of Michael Vaughn with an on fire Andrew Flintoff, England managed to turn a 1-0 deficit into a 2-1 lead. However, Australia had a great chance to get the series back to 2-2. With a slender lead, Kevin Pieterson came out to bat with Glenn McGrath on a hat trick. He survived some hostile bowling from Brett Lee, McGrath and Shane Warne, before edging one of Lee to Warne at first slip. Warne, one of the safest slip fielders, was not able to hold on to the catch. Pieterson went on to score 158 that day at The Oval and save the test match for England, thereby securing the 2-1 series victory.
(Skip to 2:10 for the incident)
Kiran More costs India 297 runs by dropping Graham Gooch
In what can be described as the simplest of regulation caught behinds, somehow Kiran More managed to jumble it up. Graham Gooch, who was batting on 36 at that moment, went on to score a total of 333 runs.
Do you know the cost of delaying your financial planning?
This infographic illustrates the impact. BigDecisions analysed the data for 76,000 users of our retirement calculator and found the results telling – you might have to save more than three times your monthly expenses if you have less than 10 years to retirement.