07-11-2018, 10:55 AM
The mechanic analogy is pretty spot on. Some people just don't have interest in dedicating time and brain power to money management. Sometimes mechanics upsell you, sometimes they save your ass from a costly mistake or get you a deal on parts. I have no desire to work on my car so I'll pay someone else, but I'll follow my money like it's going out of style.
I think Lee and I have compared rates of return and they're within 1%... but not everyone is going to have the same discipline. My mom wanted me to help her with money after her divorce and I told her she needed to pay a professional. I'm okay managing my money closely, but I am not at all interested assuming that risk for someone else. She'd never be able to self manage effectively, so it makes sense for her to pay a mechanic.
I think Lee and I have compared rates of return and they're within 1%... but not everyone is going to have the same discipline. My mom wanted me to help her with money after her divorce and I told her she needed to pay a professional. I'm okay managing my money closely, but I am not at all interested assuming that risk for someone else. She'd never be able to self manage effectively, so it makes sense for her to pay a mechanic.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth