These are two simple questions that should automatically roll off your lips when you are involved in any financial transaction.
We are not afraid to ask the plumber, auto repairman or electrician. Why do we find it so hard to ask our broker, financial advisor or insurance salesperson?
If we go back to last week's Tip: "nobody cares about your money as much as you do" these questions make perfect sense. We need to know the cost - the upfront, visible and the hidden costs of buying anything. It's part of taking care of our money.
Everything has a cost. We can only know if we are "getting a deal" or being "taken" if we know the cost. Then we can seek a comparison.
Before your next encounter with your financial advisor or insurance broker practice asking those two important questions. Say them in the shower. Say them as you drive. Say them while taking a walk. Say them so often they just fall out of your mouth automatically. They show you care about your money.
