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A financial advisor is someone who will help you manage your money. From investment planning, retirement savings, educational planning to buying your first home or paying off credit card debt, a financial advisor is there to aid with anything that concerns your finances. 
QUESTION:  Help! We follow the advice of all the financial shows, we plan our meals, and we don’t live beyond our means. We pay all our bills on time, we bought an inexpensive home and we still can’t get ahead! I know my dad has financial advisors but aren’t they expensive?  What can we do? 
A financial advisor can give you advice that you may have not known about at a minimal cost or no cost at all. A lot of the advice financial advisors give is free, in conjunctions to your planning, investing and borrowing that you already do with a financial institution. 

Why You Should have a Financial Advisor

A fresh pair of eyes:

When meeting with a financial advisor you should bring with you all the paper work that concerns your finances like account statements, investments, any pension plan information and life insurance policies. They may notice something that you have over looked. 
They know more: 

People should educate themselves with financial matters. However, there is a lot of information out there and it’s a full-time job to keep up with it. That’s a financial advisor’s job. They are there to help you with the things you may not understand.  
They look at the bigger picture:

They are experts in their field are are able to see the bigger picture concerning  financial comfort and can help plan for the future by providing the best financial advice possible. Financial advisors look at the bigger picture, not just investments. 
Everyone benefits from having a financial advisor, even people with no money because they can help evaluate your debt.  As soon as you start making money you should visit a financial advisor and make yearly visits to check-in on your finances.
MYTH: If you have a financial advisor you can ignore your investments. 
This is not true. You have to review and understand what you are doing. You don’t want to take blind advice, which is why it is good to educate yourself and know where your money is going.  
Visit your financial institution and find someone you are comfortable working with so you can start planning for the feature. A financial institution is a good place to look for an advisor because a lot of them are Certified Financial Planners (CFP) – a professional certification that really ensures you are getting the best advice available. 

Monday, February 25, 2013

Coming Up

Fri 24 Fab Finds Flash Sale with Alexis Honce