Unfortunately, it appears that we make important financial decisions in a “blink” as well.
Need to buy some mutual funds? Well, there are over 2,000 choices in Canada. So, we choose a few, hoping they make us money, and if they start dropping in value, we switch to other ones.
Need a half-decent chequing or savings account? Well, we’ve got dozens to choose from. So we just choose the bank across the street. We end up paying hundreds of dollars in unnecessary bank fees each year.
Need an investment advisor? Well, they're on every other street corner. We decide without asking too many questions. Let’s hope they’re not running a Ponzi scheme!
Do we make these rushed judgments because we prefer to take the path of least resistance? Are we too overwhelmed by the choices? Or were we just never taught how to make good financial decisions?
Tuesday's event is called “An Evening of Confidence” because I want to bring to the forefront our collective concerns about money. We didn’t learn the life skills to be smart about money in school or while growing up. That’s okay – that’s in the past now.
Given the economic turmoil of recent times, we’re all interested in shaping up our finances. So let’s seize that opportunity to prompt a renewed focus to take control of our money and become more confident in making financial decisions.
Look forward to seeing you on Tuesday evening!
If we can help empower you to make more confident financial decisions, please get in touch! Contact us in a “blink”!