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Need to ask what the problem is, before you can solve it! July 1, 2008

Posted by shaferfinancial in Uncategorized.
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Often, people like to discuss and advocate financial strategies with me on the blog as well as face-to-face. Although interesting, it rarely gets to a point of agreement. The reason is pretty simple. Folks don’t usually understand the problem they are trying to solve. Take the bogleheads, for example. Totally, zeroed in on reducing mutual fund costs, they forget to ask the real question. Does mutual fund investing lead to wealth? After all, isn’t that the point of investing? Or perhaps this question, does index mutual fund investing lead to its proponents learning how to invest and gain higher rates of returns? Once again, if I was going to do any endeavor, especially one that has such big repercussions, I would want to learn enough to improve my performance.

I teach my students at the Shafer Wealth Academy to ask the right questions first, then figure out how to solve the problems. Call me 727.804.9271 or email me dave@shaferwealthacademy.com so we can discuss what the right questions are for your financial life.

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