The whole concept of money V return needs to be re-considered by financial advisers and investors. The returns of the past decade are miserable, even much worse when you deduct the fees.
I believe you'll see individuals take free money V return concept into their own hands. Relying on markets to create a rosy future has been problematic and is out of the advisers and investors control. However, if you focus on what you can control, that is your spending and to some degree your income, you can plan a more reliable outcome for the future. This approach is now very common practice in Japan who haven't seen any market growth for years and no doubt it is beginning to happen elsewhere with personal debt being paid down as a priority and less spending at the shops.
Most advisers don't like this approach as its hard to make money (in the current environment) just on providing good advice, ie they always need to sell an investment to make a dollar.
I am trying to fund myself for a startup idea that four of us friends share. So the goal was to save $50K before we all quit our jobs and took a flying leap of faith - that could last as long as 2 years before it made us a dime. My first reaction was that saving $50K meant no big ticket items. Guess what! I broke everything down and it seemed like what was costing me the most was the small daily indulgences - eating out, coffee, a couple of beers during the week etc. The big ticket items don't even count because the difference between a $15K car and a $20K car seem immaterial over a 3-5 year horizon compared to 2 dine outs every week vs none..