March 24, 2009
Most financial advisors lead people to produce financial plans that are fraught with risk.
Are you gambling with your financial security?
When it comes to “Protection,” such as insurance, financial advisors typically choose to offer plans in which you end up paying the highest premiums for the lowest benefit – exactly as the insurance companies like it. Using these plans people usually expose themselves to way too much risk in every single area of their insurance. One’s insurance should be a solid foundation that protects your financial house from ruin. Most people I first meet think they have their’s well taken care of, but as they become more educated end up changing almost every single decision they had previously made. Read the rest of this entry »
March 19, 2009
My years as a traditional financial advisor, before I questioned the status quo and began focusing on stewardship, taught me a lot. One of the most salient things I gleaned in those years was that fact that your standard financial advisor can’t, over time, really help you out-perform the market. But they may well help you under-perform the market. In fact that outcome is far more likely.
Do you feel like you're not going to make your dreams a reality?
I also realized that when you’ve acquired “enough” assets to reach your current “goals,” financial advisors will routinely encourage you to be less efficient moving forward. They won’t tell you this, of course, but that’s typically what their recommended course of action “says.” So one of the great products that a relationship with a financial advisor can offer you – is a shiny new glass ceiling for you, your money and your dreams. Read the rest of this entry »