The Power of Honesty
If someone were to offer you advice, would you prefer that they be completely honest or that they be gentle with you?
This is a question that Doug often asks the audiences to which he speaks.
After a few moments of reflection, most people express an overwhelming preference for honesty.
This is a great basis for all advice.
A lot of financial advisers have a tendency to analyze and give advice based on date, information and knowledge:
They gather data and recite what you’re supposed to do with your money, health or whatever.
This means the information they have at hand at that moment whether from tests, results or tax returns.
Knowledge is what they know when receiving certification in their specialty.
The downside with data, information and knowledge it that all of them can all become obsolete and outdated.
What stands the test of time is wisdom. This is what helps us distinguish between myths and reality.
There are a number of popular myth