Process
Status Items Output None Questions None Claims None Highlights Done See section below
Document Notes
Always question agendas. Always question motives.
No advice is truly free.. especially when it’s complicated or requires constant updating from the advice-giver.
Highlights
id757156722
people dispensing financial advice are even less neutral than we realise.
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id757156723
We’re good at spotting the obvious conflicts of interest: of course mortgage providers always think it’s a great time to buy a house; of course the sharp-suited guys from SpeedyMoola.co.uk think their payday loans are good value.
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id757156724
it’s more difficult to see that everyone offering advice has a deeper vested interest: they need you to believe things are complex enough to make their assistance worthwhile. It’s hard to make a living as a financial adviser by handing clients an index card and telling them never to return; and those stock-tipping columns in newspapers would be dull if all they ever said was “ignore stock tips”. Yes, the world of finance is complex, but it doesn’t follow that you need a complex strategy to navigate it.
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id757157316
The human body is another staggeringly complex system, but based on current science, Michael Pollan’s seven-word guidance – “Eat food, not too much, mostly plants” – is probably wiser than all other diets.
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id757157317
Happiness, too, may be as simple as prioritising experiences over possessions, relationships over achievements, and time over money.
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id757157318
money-related stress comes down to a broken, insufficiently regulated system that stacks the deck against all but the super-rich.
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