In the financial planning world, there are so many unknowns. But one thing that should be known is the price you as the customer pay for the services you get. With us there isn’t a veil or an estimate, it is concrete and understandable. Our pricing provides clarity, transparency, and immense value. The type of practice I run and am passionate about is one that is flat-fee based.
As a financial advisor, there are times when I’m tasked with delivering a hard truth, and this concept happens to be one of them. This article might ruffle a few feathers, but recently I was struck with this concept after listening to my very responsible 10-year-old daughter proclaim, “Dad, I deserve a tablet.”
So, how does this relate to personal finance? Sometimes, making a change feels uncomfortable, but it often yields good results. Not only will the initial change provide benefits, but it often has a ripple effect and positively impacts future events.
Most people I speak with want to accumulate money, (nothing wrong with this) but after a brief discussion, they realize the accumulation of money is usually not the end goal. In other words, accumulating money for the sake of accumulating it is not the finish line. The accumulation of money is often a means to provide other venues and experiences in life. It ultimately becomes a tool to enhance their lives.
While a calculator is a tremendous tool and the extent which we can model financial situations is truly mind boggling, however one basic problem remains- it does not have a brain and if it does not have a brain (to my understanding) it cannot consider “feelings”. Sorry Watson.
Unfortunately for me, my household is at the tail end of watching Sesame Street on a regular basis. By the time my son was born, Sesame Street was being replaced by Nick Jr, and the Disney channel. But from time to time, my youngest will still watch it, and the episode we caught, could not have been more applicable to adults as well as children.