During a trip to one of my favourite little seaside towns on Cape Ann in Massachusetts I saw these words on a sign in a Barber shop window.
We repair homemade haircuts.
Many a DIY attempt at cutting hair have ended up as embarrassing disasters. There are many tales of DIY disasters. Very often it is well intentioned individuals who:
- take on a task they are ill equipped to tackle,
- think they can do something better than experts,
- believe they can save money,
- underestimate the time and effort it takes to complete a task.
A lot of people who ultimately became clients are people who tried to become financially organised or tried to plan their financial future on their own.
What they didn’t realise was that:
- good intentions alone are not enough,
- the knowledge and expertise they thought they had isn’t adequate,
- finding time to plan and monitor progress is difficult to schedule into a busy life.
After many DIY attempts we are often contacted to repair the damage and take over. Clients soon realise that the cost of not getting advice and help is much greater than the cost of getting advice.
We help our clients move from having good intentions to being intentional.
Great advice about getting advice is posted on one of my all-time favourite blogs. Michael Hyatt shared his experience of making a mistake in appointing the wrong adviser to help him with organizing his finances, and then gives wise advice on seeking advice. He begins his post by stating that “when it comes to your success, your advisors can make or break you”.
The 4 points he makes and expands on are:
- You can’t succeed alone.
- You need trusted advisors.
- You need multiple advisors.
- You need qualified advisors.
There’s no benefit in me repeating what has already been stated so well by another, so please follow this link for great advice on getting advice!
Disclaimer: The views expressed in this post are those of the author only and are not necessarily those of I Planning Wealth Management Ltd. All material in this post should be considered as general information only and should in no way be construed as a recommendation of a specific product or course of action. Each circumstance is different and professional advice tailored to your circumstances should be sought from a qualified financial adviser.