Want to make better decisions for your financial future? Perhaps a quick drive around town in a convertible could help.

Unless you drive one on a daily basis, you may be surprised by what you learn after just a few minutes behind the wheel of a convertible. After your first lane change, you’ll be shocked when you realize just how many blind spots you didn’t even know you had in the vehicle you drive every day. The blind spots you know about can be dangerous, but by knowing they are there, you take greater care to monitor those areas. It’s the ones you didn’t know existed that present the greatest threat to your safety.

Blind spots are not just a risk on the road. Blind spots are present when making any decision, and can be especially treacherous when we make investment and financial planning decisions.

This week on the Carriage House Planning Report, we explore the three categories of blind spots and how simply identifying your own blind spots could be the difference between failure and success when making decisions for your financial future.

Links of Interest

Student Loan Misuse. https://www.nasfaa.org/news-item/16093/Report_Most_Borrowers_Take_Out_Student_Loans_for_Non-Tuition_Expenses https://www.forbes.com/sites/kateashford/2017/03/29/loans-spring-break/?sh=5e957e116db6

Household Income: Earned by adding value to the economy, or just waiving a magic wand? https://www.aier.org/article/government-transfer-payments-distort-personal-income-in-january/

How the Federal Reserve’s shortsightedness has lead the way in creating income inequality. https://www.oftwominds.com/blogjan14/Fed-causes-inequality1-14.html