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Your Values. Your Vision. Your Goals.®

Lessons From the Field #29:
Trust is Not Enough

There are certain people you just know you can trust, someone to turn to for a truthful answer. As you watch today’s 55 seconds, you may want to ask yourself:

  • Out of all my advisors, who do I trust the most?
  • How often do I turn to them for advice outside their area of specialization?
  • What is their response . . . an opinion or help finding the best specialist available for the job?

Nothing much can be accomplished without trust and trusting the wrong person can even be worse. Seeking the trustworthy is well worth the effort.

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VIDEO TRANSCRIPT

It is great to have someone to trust…but to do what?

You would not trust your plumber to cut your hair or your doctor to fix your car.

In other words, you want the right person for the job.

As a family fiduciary, you are faced with hiring specialists to handle technical issues involving investments, taxes, banking, and the law…and you may not know the impact of their work on your family for years.

Trusting the wrong person can be a big mistake.

Ronald Reagan would say, “Trust but verify.”

It is up to you to overcome the gullibility of blind trust…and the suspicion and indecision that comes from no trust.

Steven Covey defines “smart trust” as knowing how to analyze a person’s credibility, character, and competence.

How smart is your trust?

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