Learning new ideas enhances an understanding of how the financial world works, and a better understanding leads to better financial decisions. These, in turn, lead to better outcomes. There is a direct link between learning and outcomes.
When it comes to taking advice, it is possible to leave everything to the adviser, but we think this is short-sighted because with so many aspects of the financial journey things aren’t as simple as right and wrong, for example the right way and the wrong way of getting from A to B.
The results that you get from your financial planning come because of discussion, planning and a series of decisions over time. The more you can collaborate with your adviser, the greater the prospects for improved results.
Here are four ideas we think will help you with a better of understanding of the financial world.