Financial Planning

A lot of people in today’s economy are struggling, whether they want to admit it or not. Debt is infinitely more common, and people are often spending beyond their means, making credit card companies billions each year and costing people their homes, possessions, and even their jobs. Now, this isn’t the fault of the credit card companies – it’s the fault of those who won’t do their research on financial matters.

It’s a time-consuming process, and that means a financial planner could be the best investment someone could make. Whether they’re very wealthy and tend to sell and buy gold or trade stocks and shares, or they’re a young couple wanting to invest in an uncertain future, financial planners are worth the fees they charge. They are capable economic thinkers who seek out the best possible solutions to a financial problem, and assist people in achieving their economic goals.

People claim that there is plenty of free advice on the internet, and there are some amazing sources of advice given by generous people – but advice is, largely, only worth what you pay for it. A $1,000 investment in financial planning is nothing compared to losing a total of $10,000 down the line, and a financial planner can help you avoid these mistakes.

There are, however, bad financial planners – you will need to avoid these, and a simple test is to ask whether they’re taking commission from the products and services they recommend – if so, avoid them (or at least make sure you are completely comfortable with the products and they have adequately explained why they are recommending THIS product to you over another). If they are making no money from a recommendation, it means there is no bias towards a B-grade product over an A-grade product they don’t benefit from financially.

A financial planner can also help you structure your future investments and will possibly become your go-to source of financial advice for many years to come, similar to your personal accountant or your lawyer. People rarely change their financial planners once they have found someone who does the job well and for a good price, so find yours and take advantage of what they are offering to you, the client.