All tagged Financial Advisors
ETFs, FI Series, Financial Advisors, Index Funds, InvestNow, Kernel, KiwiSaver, Money Education, Personal Finance, Shares, Sharesies, Sharesight, Smart
By all means, use a financial advisor if you want to. But don’t assume that you have to, or that you will make more money by doing so. You are perfectly capable of managing your own money, including investing. My point today is not that financial advisors are bad (although some certainly are); it’s that many of you don’t need one. We have been led to believe that we can’t manage our own money. We constantly hear the words “Seek financial advice.” But when doing so pushes you towards an entire financial industry that has developed around our fear of investing money, and is extremely profitable for those who work within it, I question the advice they give.
Before I started The Happy Saver I thought the only way to learn about money was to seek out a financial advisor, the supposed experts in the field, so I did go to a couple of financial advisors. As a result of these attempts I completely gave up on letting anyone else tell me what to do with my own money and decided that no one cared more about it than I did myself so I decided to take matters into my own hands and educate myself. I did it by actively taking an interest in my/our money and reading, listening, asking and deep-diving into all things personal finance related.
I have recommended this book to a lot of people and everyone I recommend this book to loves it! And more importantly they act upon the advice inside the book. You need to add this book to your reading list.
He had (I kid you not) scribbled on a piece of paper three scenarios of saving for retirement. I had the distinct feeling that the ink was not quite dry on this master plan, him having just written it as I came up the stairs.
