Brunch on a Wednesday: Not all the Tools, Just the Right Tools

Brunch on a Wednesday: Not all the Tools, Just the Right Tools


I went to a financial planner training last week and the presenter, Bill Bachrach (he advises advisors on how to advise, so meta), asked a question about golf. Knowing nothing about golf, I started to tune out.

He asked, “Ideally, how many clubs do you want to use to get your golf ball into the hole?”

People started throwing out answers like three or four, six, someone said all of them.

He put up his finger and said, “One.” Everyone laughed. Well, yeah. I guess even I could have answered that. “Ideally, it would be great to just hit the ball with the first club you picked up, get it in the hole, and move on to the next one.”

In practice, he went on, you want to use the fewest clubs possible to make the shot, right? I nodded along with the rest of the room. You don’t need to dump out the whole bag.

You have so many new tools, apps, and gadgets thrown at you, along with a promise to manage you day, manage you weight, and manage you money. If you want to research even one sub-subject of a subject, you can go down the Google/Wikipedia/Quora/Reddit rabbit hole for days and still have no idea what to do.

When it comes to your money, this is where a good financial planner comes into the picture. Whether through articles, podcasts, courses, or one-on-one advice, an advisor you trust can help you cut out all the noise and get you to the place you really want to be – knowing you’re on the right track.

While most of you know I offer financial planning services, it’s always a good idea to talk to two or three of us to make sure you find a good fit. A great resource to find a planner that understands GenX and GenY is the XY Planning Network (I’m thinking of joining it myself!).

So when you’re just about to sharpen your 14th golf club (or whatever golfers do with golf clubs), consider taking a step back and seeing if you can find someone to help you choose the one or two clubs that you actually need to reach your goals.

For more good stuff delivered straight to your inbox, join me for Brunch on a Wednesday: A Weekly Newsletter to help you get more financially with it and still have a life.

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