None of us would attempt surgery on ourselves or do our own root canal. Self-diagnosis and self-treatment in medicine, and in financial planning, can have disastrous results. Avoiding self-treatment is a good idea in many situations, but especially so when it comes to your health and your finances.

Much like regular check-ups with your family doctor that help maintain your overall health, the same approach goes for your financial health. Check-ups and lab work are critical for physicians and patients, as they help provide a holistic view of the patient’s health. We feel the same way and believe review meetings give us a better read on our clients’ financial health.

A parallel can be drawn between a patient who neglects going to the doctor’s office and a household that refuses to seek financial guidance. Those who avoid the doctor are at a disadvantage because what they don’t know about their current state of health can absolutely hurt them. Patients who visit their doctor on a regular basis are aware of the current state of their health and can take preventive measures now to help increase their life expectancy.

On the financial side, households without financial guidance usually have no idea where their financial health stands. They may not be on track with a budget or saving for retirement and not realize it until it is too late. With financial planning as with medicine, prevention is key.

Together, prevention and planning play an important role in increasing your odds of living a successful and healthy life.

Author Edward H. Cruickshank Financial Advisor / Team Lead

Ed earned a bachelor’s degree in political science and international relations from the University of Kansas. He serves as a board member of The Farther Foundation.

About Savant Wealth Management

Savant Wealth Management is a leading independent, nationally recognized, fee-only firm serving clients for over 30 years. As a trusted advisor, Savant Wealth Management offers investment management, financial planning, retirement plan and family office services to financially established individuals and institutions. Savant also offers corporate accounting, tax preparation, payroll and consulting through its affiliate, Savant Tax & Consulting.

©2020 Savant Capital, LLC dba Savant Wealth Management. All rights reserved.

Savant Wealth Management is a Registered Investment Advisor. Different types of investments involve varying degrees of risk. Savant’s marketing material and/or rankings should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if Savant Wealth Management is engaged, or continues to be engaged, to provide investment advisory services nor should it be construed as a current or past endorsement of Savant Wealth Management by any of its clients. Please see our Important Disclosures.