Why Everyone Needs A Financial Planner
Whether you have no money, tons of money, no debt or are drowning in student loans, a CFP will benefit you. I sincerely wish I had bitten the bullet earlier in life, like when I was eighteen, and hired a certified financial planner. It would have saved me so many mistakes and so much cash. I always thought CFPs were for only for the wealthy. Why would I need a financial planner when I didn’t really have any money? That was such backward thinking. I am kicking myself now.
So, what are some other misconceptions floating around out there?
- I don’t need one since I don’t have any money. WRONG. A CFP does many more things than just manage wealth. Mine has really helped put together a plan to pay off debt, build retirement, build wealth, ensure my estate planning is properly in place and more.
- This is going to be so embarrassing. Save it. Financial Planners have heard it all; every situation, every mis-step, every error, every screw up.
- I can’t afford it. Not true. You can’t afford not to. I wish I would have known that I could find a well qualified, certified financial planner for less than $30 per month. I actually took the plunge and joined a more thorough, in-depth plan for about $70/month on LearnVest since we have some complicated things going on. Think about it though, if your finances are fairly typical, $30 a month is one less meal out at a restaurant each month.
- I don’t have time! Find it. . . really. Depending on your CFP, it typically takes an hour or less every few weeks.
- I just can’t handle it and I don’t want to know! You can dooooo it! Ya, it might be scary. . . and if you are like me, your first session will be terrifying, but it gets easier. After a few chats and some back-end work on my end, I feel 100% better. I feel more in control and not afraid of my financial future. This is coming from someone who knew all the theory already. I had read and watched a ton of personal finance programs but just couldn’t seem to put the big picture into play.
Next, check out Why Everyone Needs A Financial Planner Part 2 where I dish on my first, anxiety-inducing conversation with my certified financial planner.