Hire or DIY?

Posted: November 16, 2016 at 6:51 pm by Skip Kelley

If you own a home, condo or some type of real estate, then you probably know all too well that there is always something that needs to be done. Whether it’s fixing the plumbing, updating the landscaping, changing light fixtures or painting a room; there is quite literally, always something to do. Some people are the handy type that not only can do it themselves, but also enjoy doing the work. Then there’s the other half that are not the handy type and absolutely just can’t stand doing handy work, or are afraid they will turn a small project into an even larger one. Either way, no matter which type you are projects cost money and depending on the type and size, doing it yourself could be the best option while other times it might be in your best interest to call a professional.

So even if you think you can tackle the project yourself, how do you know if it is still wiser to a hire a professional? Here’s my ground-rule – if it can cause a flood or a fire, hire someone. There’s no point in risking your or your family’s well-being to save a couple of dollars. And not only is the safety of yourself and others a major concern but also consider the added expense that you may have to take on as a result of more damage being done than prevented.

Although being a contractor, plumber or electrician is a different profession than mine, deciding to hire a professional versus doing it yourself is the same for your financial or retirement plan. Setting a budget, putting money aside for emergencies and savings and watching your spending are all things that you should be doing yourself. But what about investing in the stock market and ensuring you stay in line with your current risk tolerance level? Generating tax-free-income in retirement? Beginning to take your Social Security benefits and precisely the best time? These are just some of the many questions to think about, and again, here’s my ground rule. If it could cause a financial-flood or a retirement-fire, you should call a professional. You don’t want to put your financial situation or retirement status in jeopardy because you think you don’t need the help. The truth is, you very well could be handling everything just fine by yourself but you’d never know for sure unless you talk with a professional and get their advice.

Just how there is always something to do around the house, there is always something you can take a closer look at or reevaluate within your financial plan – especially as your life changes and your needs change along with it. Your physical home is just as important as your financial home so be sure to always give it the attention and care it deserves. If anything ever comes up; a special life-event or even a question, know that I’m always here for you. Even if you’ve been doing it yourself for years, meeting with a professional to take a second look is very important. I’m a handyman of my trade, and that’s helping people and families find financial peace of mind.

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