Imagine a person who always, in every circumstance, makes rational decisions with his money.  He saves when he ought to and spends exactly as he should spend, in order to maximize the “utility” of whatever wealth he happens to possess.  He defers gratification with ease.  When he invests, he has instant and total access to all possible information related to every item in his, including the details of every company’s financials and any impactful world events, even if they haven’t reached the news media yet.  If he found a $100 bill on the sidewalk, he would immediately go out and invest it in a steel mill.

My blog posts are usually about client experiences, but this one is different. This time I am both the advisor and the client and I need to take my own advice (gulp!) I was casually perusing my March copy of the Journal of Financial Planning when I stopped like a deer in the headlights as I recognized myself in Five Recommendations for Planners with Financially Enabling Clients by Dr. Bradley T. Klontz Psy.D., CFP® and Anthony Canale, CFP®. I realized with great alarm that I am one of those financially enabling clients, specifically with my oldest son who graduated from college last May and is still living at home, working on getting a job. While I love him and his company, it’s time I took some external advice.