Not Working With a Financial Professional? What's Your Excuse?

As financial professionals, we deal with many types of clients and each one usually has some preconceived notions about financial planning and what it should entail. Recently, I was having a conversation with Norman Barden, Financial Representative and Director of Operations for the Rome, Georgia Office of 21st Century Financial. I asked him to tell me about the types of people he interacts with and their perceptions about working with a financial professional. Norman: “My family has been in the financial industry for over 29 years and throughout that time, I’ve noticed that many people fall into one of three groups: First, the “I'll work with a financial professional when I have some

Can You Spot Bad Advice?

In the world of personal finance, there is no shortage of information available, so how do you know what is right for you? If the advice you are getting doesn’t consider both facts and all the “what if’s”, you could potentially be putting yourself at risk for financial failure. So how can you spot the difference between bad advice and sound advice? There are 2 ways people make decisions: deductive reasoning and inductive reasoning. Deductive reasoning, which is common in the area of financial planning, requires making decisions based on facts that lead to specific conclusions. For instance, if you have 3 grapes and you eat 1, you now have 2 grapes. You can deduce that because you know 3


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