A professional financial advisor can help you in two important areas: medical aid and financial and investment planning. How do you get started? An advisor should help you collect all information required to establish your financial baseline, and you should understand all of the variables that might affect your household wealth.
Your financial advisor should explain the following to you:
- Your savings rate
- Investment returns
- Taxes affecting your financial plan
How will you know if the strategy being recommended to you is going to be successful?
How do you know that you not setting yourself up for future problems?
Asking enough people for advice and to get second opinions, will definitely cause conflict of advice.
How will you then know whether you are on track to reach your ultimate financial goals?
A good financial advisor can act as your personal team member. Who will take time to get to know you well enough so she can help you make the best choices, helping you to reach your goals. To make sure all your financial parts are moving together to serve you and the people you love.
A good financial advisor will add value to your life, and will serve you greatly in your own pursuit of happiness.