People share the same goals; we all want our money to grow. While there are many references you can check to read about smart investments, many of these reading materials may or may not sound Greek to you.
Of course, nobody wants to lose money, whether it is geared towards investment or not. If you think hiring a financial adviser will cost you money, not hiring one (or at least consulting one) could end up in bigger losses.
You need a financial adviser if…
1. You’re really bad at numbers.
Be honest. Many people are not confident with their financial literacy. If you’re eager to grow your retirement or investment nest, but big numbers freak you out, hire a financial advisor to help you understand the risks, the gains, and the in-betweens.
2. You’re worried that you’re not saving enough for retirement.
Everybody wants a comfortable retirement nest in the future, but not everyone is brave enough to make that big leap now. Some worry that they won’t have enough by the time they retire. This is where strategic financial planning comes in. Unfortunately, not everyone can see the bigger picture of today’s sacrifices for tomorrow’s future and that why you need to talk a financial adviser who paints that big picture for you.
3. You’re newly married or your family is getting bigger.
Babies mean expenses and they don’t stop until they’re of legal age or so. If you have personal investments prior to getting married, your new status changes the dynamics and more so, you need to think bigger and long-term now that it’s not only about you anymore. Investment adviser firms and many other experts can help you in navigating this brand new world now that you’re a family man.
People have many questions when it comes to money. While you can always consult the web and go the DIY route, only a seasoned investment or financial adviser can answer these questions while taking into consideration your current financial status, your goals and your limitations.