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Why do you need a personal financial advisor?


To be confident in your financial well-being is the cherished dream of almost every person.

This is especially true for people with families and children, i.е. people who are financially dependent on them.

To achieve the financial well-being of the family, it is not enough just to try to earn more. It is also important to properly distribute your cash flows. It would seem that this is difficult? Pay off loans, rent, rent, buy food and everything you need for life, and then just save!

But in reality, usually the distribution of family budget funds turns into complete chaos. Often an adult is not even able to immediately answer how much money he has in his account now, how much his money brings him, and does he have a plan where this money should be directed?

The thing is that every day we have to solve many routine tasks. And the competent distribution of finances is an important task, but, alas, as a rule, families have the least time for solving it.

How can a personal financial advisor help you?

This is where personal financial advisors can come in handy. Their role is not only to indicate to a person for what purposes and how much money he needs to accumulate.

Why do you need a personal financial advisor?

If we set short-term goals, like buying a car, we can determine how much money we need. But with determining the amounts for long-term planning, for example, how much money we need to save for the education of children or for a happy old age, professional help is most likely needed here.

A financial advisor will help determine a strategy to achieve this goal in the most optimal way: those. in the shortest possible time and at the lowest cost.

A personal adviser will tell you which financial intermediaries you should entrust your funds with and which ones should be avoided. What financial instruments, in addition to a bank deposit, are suitable for you and what profit they will help you earn.

He can also evaluate your family assets and suggest which ones can be used more profitably, and which ones (unnecessary and too expensive to maintain) are better to sell altogether.

In addition, a personal financial adviser will help you do the chore of optimizing your liabilities: for example, restructuring loans or refinancing under more favorable terms. He will also tell you what will help improve your credit history if you are counting on obtaining a large loan.

The practical result of the work of a personal financial advisor is always the preparation of a personal financial plan (PFP) – a detailed “route" to your financial goals! This is not just a list of goals, amounts and instruments. This is an accurate mathematical calculation that proves that your financial goals can indeed be achieved in the time frame you need.

Post source: zen.yandex.ru

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