Explore Your Money Mindset
A lot of clients view money differently on paper than they do
emotionally. Like anything in life, money has feelings around it and sometimes
those feelings come from false notions. What false notions? Generally, they are
called biases or filters and they keep you from seeing things from what
they really are. When it comes to money and finance this can happen. For
example, if you grew up a poor person, you may have the mindset (or bias) that
causes you to live in a place of scarcity.
Consider a Professional’s Opinion
The beauty about having someone else to help you talk through that
exercise is you are less likely to succumb to your biases. This is why I would
recommend signing a financial professional to handle your money goals you would
never consider playing the role of dentist and fill your own cavity or give
yourself a root canal. Even dentists have their own dentists, ame as
physicians, lawyers, etc.; the logic is fairly sound. The risk of messing up
the procedure is high without some assistance or oversight. The money a dentist
could save doing his own dental procedure does not outweigh the benefit
received from letting someone else do it.
Be Different in all the Right Ways
Generally speaking, most people are very responsive with their
money. But this means that they let things happen to them. For example, setting
up an emergency fund with six to 12 months of living expenses seems
to be ordinary sense. But this is something that often doesn’t get completed
for various reasons, when in fact, emergencies happen more often than people
think.
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