Choosing a financial advisor is truly a daunting task. Thus, it will work to our advantage if strive to educate ourselves and become our own financial expert.
The Internet proliferates with sites providing tips on choosing a reliable and trusted financial advisor. Even with certifications and endorsements, we cannot do away with doubts about the credibility and trustworthiness of an independent financial professional.
There are valid reasons to be wary of other people's background. That is why you should take the cudgel of getting your financial house in order. Here are the seven reasons why you should you become an expert advisor and end your quest of choosing a financial advisor.
1. Feeling confident and secured.
If you do it yourself, you can be assured that your financial future is in good hands. If you do not trust financial advisors, better equip yourself to become your own financial planner, advisor and manager. There’s no other person who has the best interest of your financial future than yourself.
Some suggest hiring an independent financial advisor to address procrastination, disinterest and lack of time. These are not valid reasons for hiring a financial advisor. If you do not have the drive to take care of your finances, can you expect it from some else?
2. You’ll learn a lot from your journey
Becoming your own financial advisor is a journey. The entire process would open up new windows of opportunity you have not known before. Before I joined the financial industry as broker through International Marketing Group (IMG), I was clueless to a lot of terminologies in money management, investing, insurance and other financial concepts. There is excitement as you learn new things and the ways to apply them.
3. You’ll save the money.
The money you save from not hiring a financial advisor can be used to more value added options such as investing in financial education. If you are not wealthy enough, the retainer fees for an independent financial professional may not be worth it.
4. You eventually become an expert.
Since you are a practicing financial advisor for yourself, sharing your knowledge to others becomes effortless. Practice makes perfect. The financial strategies you implemented for yourself is your starting to advocate to others.
5. You’ll earn the commissions for financial products you purchase.
Financial products can be a long term health care plan, an insurance product or an investment instrument. Specific products and plans vary according to your needs which you yourself had the opportunity to determine.
6. You will save time.
Ample time is needed in searching for the best financial advisor yet you cant be sure if it’s really the best you can get.
7. You will have fun handling your own finances.
Become a licensed broker with IMG. With IMG, you don’t have to worry whether or not you are making the right financial move. Mentors at IMG will guide you through the higher level training when you become an accredited financial advisor/broker.
Choosing a financial advisor is no longer an issue if you appreciate the reasons why you should become your own financial expert.