I just wrote about the idea of trusting professionals today. (Specifically, how it's essential to know how somebody is being compensated before you can determine whether or not to trust them.)
You're absolutely right that it's helpful to have some of your own background knowledge. Example: Most people wouldn't have any idea that paying a 5% sales load on a mutual fund is a poor idea. After all, the broker is showing me that the fund has performed wonderfully, so why not buy it?
Lulu
· 1 month ago
I have a friend who loves to do all things related to hair so I get her to do my hair cuts instead of going to a salon. I have learned to trim my hair and can do some of the basic things I need but when I need a major change I go to my friend.....big savings!!!!!
I also have a good friend who is a computer programmer so I get him to diagnose and fix my computer and website problems..give him a big Mac and he is happy. Score!!!!!
Anthony
· 1 month ago
I have family in multiple realms of different professions. So, fortunately, a quick phone call can tell me if I am getting ripped off or not. Especially, with car repair/maintenance shops.
On the other side of the fence, I am the family computer, TV, stereo, general electronics nerd. Many times, I have saved my family hundreds of dollars by simply opening a computer and blowing dirt out!!! Something so simple to me that they don't understand or won't touch. But give your computer to Best Buy and you've just lost $100+ and who knows if they did it right!!!
Eric
· 1 month ago
Jeff good post and a total aside, but how do you really know about rotation and taking care of your brakes? I'm in the same situation and I want to learn but don't have anyone to ask! Mind sharing? Email me! :)
MLR
· 1 month ago
For jobs like brakes and tune ups, most people should use a backyard mechanic. There are plenty of ASE certified people who do work on the side. Simple jobs like that are gravy.
Front Brakes: Mr. Tire - $160 Backyard - $70
Hm, I wonder? :)
Good subject to point out. I'm going to get my brakes done tomorrow, lol. Maybe I should learn? But meh.. what if I screw the caliper up?
All Comments
You're absolutely right that it's helpful to have some of your own background knowledge. Example: Most people wouldn't have any idea that paying a 5% sales load on a mutual fund is a poor idea. After all, the broker is showing me that the fund has performed wonderfully, so why not buy it?
I also have a good friend who is a computer programmer so I get him to diagnose and fix my computer and website problems..give him a big Mac and he is happy. Score!!!!!
On the other side of the fence, I am the family computer, TV, stereo, general electronics nerd. Many times, I have saved my family hundreds of dollars by simply opening a computer and blowing dirt out!!! Something so simple to me that they don't understand or won't touch. But give your computer to Best Buy and you've just lost $100+ and who knows if they did it right!!!
Front Brakes:
Mr. Tire - $160
Backyard - $70
Hm, I wonder? :)
Good subject to point out. I'm going to get my brakes done tomorrow, lol. Maybe I should learn? But meh.. what if I screw the caliper up?