Archive for May, 2017

Technology vs Common Sense

Friday, May 19th, 2017

As the world continues to evolve, so does the technology that supports it. But as technology develops, the side effect is the declining ability to use good old-fashioned common sense. This holds so true when people are dealing with their finances; more people are relying on a mathematical or financial “app” as opposed to using common sense when handling their finances.

Technology is excellent when you need to perform a financial analysis, but it is only as good as the data being entered. Technology provides the answer to the question, but it can’t provide logic and ask the question we have all asked at least once: “Does this make sense?”

Here are three financial facts that are common sense, yet your “financial app” does not have the ability to comprehend the results of the data and the long-term impact.

images (more…)