It's often said of pornography that "you know it when you see it." Not the same can be said for great advice. 

Great advice is about you first and everything else second. 

Great advice is about you first and everything else second. 

What constitutes great advice by the way? That's a good question because for all the advice that's out there, it's my opinion that not much of it would be classified as great.

What constitutes great advice by the way? That's a good question because for all the advice that's out there, it's my opinion that not much of it would be classified as great. 

In a recent post, Dan Rockwell of Leadership Freak, shared with us 7 Ways to Identify Great Advice. Since I've linked his blog on the topic, I'm obviously not going to share all seven ways with you here. But, I would like to comment on two of them that particularly resonate with me because I see them almost every day at BCM. 

First, in order for advice to be great, it has to have your best interest at it's core. All to frequently, especially in the realm of personal finance, the advice that you get has someone elses agenda at it's core, not yours. Advice that has someone else's agenda as it's driver can be both destructive and dangerous. 

Second is something that I remind clients and prospects of constantly, namely, "I can't change you!" To be sure, I can give you some motivations to change behaviors or perspectives and through that lense, I can hope that some behavioral tradeoffs get made. But, fundamentally, I can't change clients directly in any way. The reality is that my client's change themselves, I don't change them at all. 

Advice that results in positive behavioral change is among the most benefical and powerful kind of advice of all. 

I hope that you'll check out Dan's blog here so that you can be better skilled at recognizing "great advice" when and if you see it. 

It's the kind of advice we give every day to the clients of BCM.