The everyday demands of earning a living and paying the bills require that we all engage in some degree of financial planning. When we first strike out on our own, we learn—often the hard way—to live within our means and not to spend more than we are taking in. Such responsibilities often require making hard choices. Ideally, as we progress through our careers, we earn more money, but as we become able to worry less about making ends meet, we can find ourselves spending more and more with little thought about where the money is going. These realities of our day-to-day relationship with money point to the benefits of consulting a financial advisor.
Most people don’t use financial advisors. Many view getting financial advice as an unnecessary luxury or as something they can do themselves, and are therefore unaware of just how valuable professional advice can be. Consider these five benefits of hiring a financial advisor and ask yourself which of these apply to you.