Financial Myths

Is Financial Planning, Investing?

Is Financial Planning, Investing? “The focus of financial planning is about investing.” Investing is an important aspect, but it is not the only one.  Financial planning is about protecting assets and income from loss and misuse as well.  This includes tax reduction strategies, insurance...

Is it Better I Manage My Own Finances?

Is it Better I Manage My Own Finances? “If I manage my finances on my own instead of spending the money on a financial expert, I will be better off.”  Maybe.  This maybe true for some, but not many.  Remember, financial advice does not necessarily drain your pocket (if it does, you are probably...

Is Financial Planning For Everyone?

Is Financial Planning For Everyone? “Financial planning is not worthwhile if you don’t have much money.”  Even those living on a meager income have to make choices. Financial planning is about making choices and it isn’t all about investing, which is only one part of the puzzle. It is not...

Isn’t Financial Advice Expensive?

Isn’t Financial Advice Expensive? “The cost of financial planning and advice is expensive.”  Sometimes it is, but it does not have to be.  Families with even extremely limited resources can access services that should help improve their financial situation, often times where the advice is...