By now, it should be obvious that the so called “financial experts” do not work one on one with individual clients. They sit in their “ivory studios” and announce from on high what everyone should be doing to relieve their financial burdens. However, their glossy ideas seldom help the struggling middle class achieve positive permanent financial results.
They offer patches of satisfaction that trick their audience into buying more and more of their books, CD’s, workbooks, and any other type of entertaining paraphernalia that can make their students “feel” like they are doing something to improve their financial well being.
These self-proclaimed experts are only financially successful because they get less successful people buying their boiler plate financial plans, and then perpetuate the problem by selling it to pastors and church leaders to pass it on to their parishioners in the name of God. These plans work on a consistent basis at best about 10% of the time.
Instead of relying on the “one size fits all” financial plans, individuals should learn to apply common sense strategies that are appropriate for their life and their life’s situations. If people spent only a fraction of the time with their checkbooks and their budget as they do with their pet, their phone, or their food—they would consistently enjoy that ever elusive financial peace, satisfaction, security, or well-being that they desperately seek from these financial entertainment experts and their black hole of financial feel-good books and tapes that never seem to work!
As hard as this may sound, if you are serious about fixing your financial problems, you must find a financial practitioner that will work one on one with you to educate you, not sell you a product, service, plan, book, or budgeting strategy.
Ongoing education is essential—not the stuffing of envelopes, buying Term Insurance, and jumping from one mutual fund to another—as suggested by the so called “financial experts.”
Ditch the overpriced books and the “bubble gum” financial planning material, and establish a relationship with a real person that is concerned about your financial education and understanding of money matters.