When I had blood drawn this morning as part of a routine checkup, an analogy forced itself into my mind and I’ve been unable to shake it.

My doctor will send my blood samples to several different labs for analysis.

• ~ When the results come back, he may check the professional literature if any of the readings are out of normal range.
• ~ If there is an indication that I need to see another doctor that specializes in one condition or set of conditions, he will refer me to that other professional.
• ~ If there’s an indication that I need a medication, he will search out just the right one and let the phamacist take if from there.
• ~ If lifestyle changes are indicated he may send me to an exercise program or a dietician or a psychologist.

In each of these cases my doc will give up control to serve my best interest.

Why don’t most financial advisors work the same way? They have professional credentials and ethical conduct rules just as medical professionals do. Just like my doctor, they cannot know all there is to know: about every product; about every solution to every personal economic need; about every aspect of your situation. The reason is that many financial advisors are not MDs - Money Doctors.

• ~ Most work for very large corporations - I call them Behemoths - not for their clients
• ~ These corporations have a limited number of products - and don’t teach advisors about the ones that are unavailable thru them
• ~ Advisors who work for Behemoths are not interested in referring you to another advisor
• ~ Their Behemoth has them convinced that they have the solution for everything and for everyone

It has been my practice to affiliate and share business with other financial professionals who are independent Money Doctors and who

• ~ Recognize their limitations
• ~ Share business with other financial professionals who are
•        * not employed by the same Behemoth
•        * have developed a unique specialty
• ~ Have obtained general practice and specialist credentials or is affilaited with advisors who have done so (The CLU, ChFC and CFP® designations are the three that most often appear behind the names of independent practitioners who are not tied to Behemoths. Note, however, that many Behemoths require these credentials too, but do not permit their advisors to share business with “outsiders.”)

I recommend that you find yourself a Money Doctor - prefrably one who has adopted the principles and practices that are described in Money for Life…in good times and bad. Principles and practices based on a model that relies on having a GUIDE as opposed to a planner or advisor. A Guide remains with you throughout your journey while a planner is akin to a mapmaker and an advisor is more of a consultant. You owe it to yourself and your future to take a look at www.TheMoneyForLifeBook.com Discover how it can change your mind about money and help you lay a solid foundation for your personal economy. Find out why the Four Pillars are the best measure of wealth avialable. Find out what it really means when we say YouBeTheBank!

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