The #1 struggle of DIY investors
Waterchase Life Magazine
I have one question for you today.
Would you be ok with diagnosing yourself if you had symptoms of a serious disease? (Assuming you aren’t a doctor, of course!)
Or let's say your car needed a new engine. Would you tackle that project on your own?
OK—so that was actually two questions. But I bet your answers to both were likely a resounding “No!” And few people would blame you for not wanting to navigate major health or mechanical issues on your own.
Yet most people go their entire lives managing their finances without professional help.
Why is that? Well, one big reason is they think they can do it on their own. There are other reasons, as well.
- Some people think they can’t afford financial advice.
- Some don’t understand exactly what a financial advisor does or how they may benefit from one.
- Others assume they will have to buy unnecessary products or services.
Let's look at those reasons, starting with the most common one.