Elliot Omanson Debunks Five Financial Myths Commonly Believed Across Kansas
Elliot Omanson, Managing Partner of OWLFI Strategic Advisors, is addressing five widely held myths that frequently shape decisions across Kansas communities. From small business owners to families approaching retirement, these beliefs often create false confidence, unnecessary stress, or costly delays.
“Most people don’t need more aggressive investments,” Omanson says. “They need better structure.” His perspective is shaped by years of working with individuals navigating rising costs, tax complexity, and financial systems that don’t connect.
Myth 1: “If I’m busy, I’m being productive.”
Why people believe it: Full calendars feel like progress.The correction: Research shows fewer than 40% of daily tasks contribute to long-term outcomes.Practical tip: Write down the single decision that would matter most in the next 30 days.
“Productivity is less about doing more and more about doing the right things,” Omanson has said.
Myth 2: “Risk only comes from the market.”
Why people believe it: Market swings dominate headlines.The correction: In Kansas, households often face greater exposure from taxes, debt structure, and legal gaps than from market volatility.Practical tip: List where money leaves your household outside of investments.
Myth 3: “More information leads to better decisions.”
Why people believe it: Access to data feels empowering.The correction: Decision studies show too much information often delays action.Practical tip: Reduce any complex issue to one clear written question.
“If I can’t explain something simply, it’s not ready,” Omanson explains.
Myth 4: “I’ll fix it later when things slow down.”
Why people believe it: Life phases feel temporary.The correction: Regional surveys show more than half of Midwestern households delay planning during major transitions like business growth or retirement.Practical tip: Schedule one uninterrupted hour this week for thinking, not tasks.
Myth 5: “Everyone else has this figured out.”
Why people believe it: Silence creates the illusion of certainty.The correction: Nearly two-thirds of households report uncertainty about long-term decisions, even if they appear confident.Practical tip: Talk through one concern out loud with someone you trust.
“Review decisions after they’re made,” Omanson says. “Not to judge them, but to understand them.”
If You Only Remember One Thing
Clarity doesn’t come from speed or complexity. It comes from slowing down enough to see how decisions connect.
Omanson encourages readers to share this list of myths with friends, family, or business partners—and to take just one small step today. “Focus on building skill, not speed,” he notes. “Confidence follows competence.”
About Elliot Omanson
Elliot Omanson is the Managing Partner and CEO of OWLFI Strategic Advisors. A Kansas native and U.S. Army veteran, he works with individuals and business owners across the Midwest, helping them navigate complex decisions with clear thinking, long-term structure, and coordinated strategy.
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