Two years ago I wrote about relieving financial stress for Stress Down Day. Fellow financial educator Carl Richards of Behavior Gap just released a new diagram that summarises one key source well: One value of financial planning is in removing the uncertainty and replacing it with clarity of direction and the confidence to act. So … Continue reading The source of financial stress
Two days before Christmas the Australian Securities and Investments Commission (ASIC) released an interesting report into the financial advice industry titled "Access to financial advice in Australia". There are many interesting insights in the report - the one I will highlight today is the cost of delivering financial advice. In conducting the research ASIC "surveyed … Continue reading What price for financial advice?
Do-it-yourself financial planning can be costly because often you don't know what you need to know. With a litte more knowledge you would make a more informed financial decision that can both save and make you money. This was clearly illustrated in my conversation just now with one of the other tenants in my office building. Let's … Continue reading An example of how DIY is costly