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Can You See Your Own Blind Spots? Thumbnail

Can You See Your Own Blind Spots?

General Behavioral Finance

We all have blind spots, and by definition, you can’t see your own.

Dave was an investment banker who really knew his way around money. If anyone knew how to invest, it was him. But he was looking for help managing his portfolio. We asked him, “Dave, of all the people we know, you’re in the best position to deal with your own money. Why do you need help?”

He replied, “I could manage my own money, except for the ‘I’ part.”

He recognized that when it came to his own money, he had blind spots. He recognized the value of having someone else help him see the mistakes he might make.

This is an important point to understand: We don’t hire a personal trainer, coach, financial advisor, or consultant because we’re stupid. We hire one because they are not us… and by definition, that means they will see things that we cannot see about ourselves.

And that, in and of itself, is invaluable.

As financial advisors, we look at what could possibly get in the way of living our ideal life. 

With proper planning, emergencies become minor inconveniences. 

As we head into spring meetings with our clients, we are excited to catch up with everyone. We have smart, successful clients with busy lives. They come to us because they know that they don’t know what they don’t know. It is invaluable to have a trusted confidant to ensure we enjoy the journey.

To living your ideal life,
The Paradigm Team

Paradigm Advisors is a fee-only financial planning firm based in Dallas, Texas and Fayetteville, Arkansas. Paradigm Advisors provides comprehensive financial planning and investment management services to help clients organize, grow and protect their wealth throughout life’s journey. Paradigm specializes in advising well-established career executives through financial planning and investment management. As a fee-only fiduciary and independent financial advisor, Paradigm never receives commission of any kind. Paradigm is legally bound by certification to provide unbiased and trustworthy financial advice.