This is probably the most common question I get from people and for good reason.
Not long ago, good financial advice was only afforded to the wealthy who had enough investable assets to meet an advisor's "minimum". Thanks to new business models and the industry evolving, this is no longer the case. Great advice is now widely available, the problem is "decoding" what's best for you. This is typically where a financial planner comes in helping you make the best financial decisions for your situation. For most, natural life events will begin to occur, this is when some people start the process of looking for a second opinion.
Some common examples might be:
Student Loans
Buying a home
Getting Married
Having a kid
Starting a business
Or other scenarios that are common:
Company liquidity event
New employer benefits
Receiving a windfall(inheritance)
Updating estate documents
Large pay increase
Whether you work with an advisor in an ongoing manner or you simply want a second opinion and some direction, working with a financial planner can help you answer questions that are top of mind.
Am I on the best repayment program?
Is this home in my price range and how do I know the all in costs?
Can I afford the wedding of my dreams?
What can we do to best support our first kid?
Am I doing everything I can to set myself up for financial independence?
Am I ready to start this business?
Using a financial planner to help you navigate life keeps you from avoiding big mistakes, or even missed opportunities. These are all stages during life most of us go through. These should all be times of excitement, having a game plan in place removes the level of stress that comes along with it. My advice is to do your due diligence, talk with multiple advisors. Make sure you work with an advisor who not only specializes in your situation but will always keep your interests ahead of theirs.
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