Get Rid of
the Cliché Financial Advice to Get Real Results
Victoria BC -
Certified Financial Planner professional and founder of MoneyMinding
Inc., Tracy Piercy,
volleyed criticism at financial
commentators who say only “don’t
panic”
in the current financial crisis. This
financial
educator is offering alternative advice, recommending a much more
active role
for investors and their advisors.
“People are
looking for practical, timely answers that will put them back in the
driver’s
seat, even if the road is rocky in today’s markets,” says
Piercy. “But the
content of most personal finance articles offers nothing concrete. They
might
as well tell the investors reading it that they just need to give all
their
trust to the professionals who have crystal balls and will make sure
they live
happily ever after.”
Piercy
continues, “If you rely on someone else’s professional help
to guide your
financial affairs, you still need to have an active role in the
outcome.
In medicine, you see a doctor, but you have to take the medicine and
live a
healthy lifestyle; same thing with money. The problem with
the cliché
prescriptions being offered today is that they don’t provide
anything original,
timely, useful or practical. Real people need personal answers that
will
actually help. Even the language is generic and not
well-defined.
How about explaining what risk is, for example, rather than telling
people to
‘avoid excessive risk’? Rather than saying
‘don’t panic’ and ‘stay the
course,’ proactive advisors give investors a strategy on when and
how to take
action to stay in control.”
Piercy
recommends that financial professionals make client lifestyle goals and
monthly
income the focus of any conversation involving whether or not to stay
invested.
Piercy’s
company, MoneyMinding, works with financial professionals and their
clients to
help demystify personal finance concepts and the financial markets, so
individuals can gain control of their money “without sacrifice or
cutting
back”. It accomplishes this with two flagship products, the MoneyMinding
Makeover Course and the MoneyMinding Network, as well as
through
books, seminars, special reports and CDs.
Visitors to the moneyminding.com
website can download the “Mending Your Money Mistakes”
report free of charge
when they subscribe to the newsletter, The
MoneyMinding Messenger.
For
more information:
Catherine Novak
Marketing and PR Coordinator
250-592-0457
or toll free 877-764-6444
catherine@moneyminding.com