6. How it feels to buy trustworthy advice - podcast episode cover

6. How it feels to buy trustworthy advice

Jul 27, 20204 minTranscript available on Metacast
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Episode description

My air conditioner broke in the middle of a heatwave.


Someone came to look at it and told me it needs to be replaced. They also recommended I replace my furnace at the same time. 


How do I know if what they're saying is true?
I trust them, but my guard is up. 


Now, imagine I had to make decisions like this every single day. Complicated choices with financial impact on things I have no expertise in.


I'd want someone on my team I could trust. Someone with no financial incentives in the implementation. An advocate. 


And if I didn't have in-house expertise, I'd want an advisor to help me make these decisions. 


That's what a good advisor does. They're an advocate. Incentives aligned. 


So if you want to be a full-time advisor, you have to get paid for your expertise and
facilitate implementation, not necessarily offer it yourself. 


More on this soon.

Yours,

—k