When Planning Your Finances, Choose Your Financial Advisor Carefully
By Rick Rahim
The less you know about finance, the more sense it makes to find a qualified financial advisor. If you are having trouble keeping up with your bills, you may be desperate for someone to lend you help and advice. It's important to do your homework before simply hiring the first financial advisor you come across.
The best place to start may be your friends and family. Referrals from people we know and trust are always a great place to start. Start with people you know and you may be pleasantly surprised at how easy it is to find an advisor to help you.
Once you have found a potential financial advisor, be sure you do the following:
Find out their background and education. Do they work for a major firm or are they a "boutique" company? How long have they been in business? How many clients do they have? Most importantly, what are the fees you will be charged?
Remember that in the end, it is your life and your financial situation. All decisions are ultimately yours to make. But if you are struggling or having problems, you should be prepared to have an open mind and listen to the advice of professionals. No situation is impossible. Your problems can be solved with common sense, a solid plan, and dedication to the cause. Self-control is your biggest enemy.
Rick Rahim is the President of the Online Business Bureau and a Consumer Advocate Author.