I recently came across a blog post that offered such valuable advice I simply have to comment on it here. Thanks to the folks over at brokeprofessionals.com for sharing the story about a parent being duped into overpaying an exorbitant amount of money for insurance—a policy sold to them by a “friend.” This situation happens all too often, I’m afraid, but their story offers an opportunity for you to learn how to avoid falling into a similar trap. If nothing else, the Broke Professionals anecdote underscores a very important and often overlooked truth: No one cares more about your money than you do.
In order to safeguard yourself from scams and overpaying, follow a few simple steps. Do your homework. Research who you’re going to hire. Then, when you’re speaking with the candidate ask for references and a track record of their success. Even if the person you’re considering is a “friend,” acquaintance, or a “good guy”—you still need to protect yourself and your money.
Though I’m sorry this unfortunate incident happened, I hope that others can learn from it. Remember, no one is ever going to work as hard for your money or keep your best financial interests in mind than you are.