213 | Do We Have to Tell?

After years of long hours and burn out, a close friend shared that their spouse was pursuing a change at work.

The change would mean fewer on-call nights, more time with family, more baseline energy, relief from a draining routine, more unity in their relationship, and, not surprisingly, a little less income.

While celebrating the promise of relief and extra capacity, the friend said, "But we don't want to tell our financial advisor because it's not in line with the plan that he laid out and we won't be able to save as much as before."

I'd like to extend the benefit of the doubt to the advisor and imagine that our friend was exaggerating, and yet, it's a stark reminder of the fundamental flaws in the financial advice industry.

Charging a fee on managed assets means that good news for one party might not be good news for the other.

And publishing financial "plans" makes some forms of good news seem more like a misstep than progress.

Keeping good news quiet is no way to refine our relationship with money.

That's why we do things a little differently here.