3 MIN READ
TL; DR: Everyone should use a financial advisor.
It’s a constant question: do I have to? Yes, really Pay for financial advice? I can search all of these things on the internet, why bang for my buck? That just seems ridiculous.
But – just as you put your symptoms in WebMD and inevitably be informed that your diagnosis is fatal – the internet can be a scary and misleading place. What works for one person may or may not be the smart move for you. There are gigantic Benefits of Working with a Paid Financial Advisor. Let’s list some of the reasons why:
- This is not your job. But it’s mine! I’ve spent almost every day of my adult life focusing on personal finances (even when I’m on vacation, I keep my finger on the pulse). I have passed numerous exams and have to continue my education every year. This stuff is my specialty. Most people don’t cut their own hair or change their auto oil themselves, why is your finances any different?
- You are not objective (nobody is). It’s clinically proven that Losing money hurts a lot more than winning the same amount of money. Money is an emotional issue. I don’t care what you say, you have feelings for your money. Only psychopaths have no feelings for their money. Your financial advisor acts as an emotional buffer between your feelings and your money.
- Pay when you go out. Financial services are not like buying a house or a car that you are locked in. Most consultants calculate a percentage of your money that they are managing. I charge my clients a monthly subscription or a monthly asset management fee. In any case, if you are not satisfied, you can get out. Investing is a long-term thing, but you are not tied to the same advisor over the long term.
- Transparent pricing. It’s true: financial advisors want to pay their bills. But a good financial advisor can quickly and easily explain how to charge you. I set my prices based on industry benchmarks with the aim of being as clear as possible.
- It’s a lot of responsibility Money tends to be one of those “I’ll get to it later” things. It is easy to go months before you actually do an important task, which can cause you to miss an opportunity. Your financial advisor has systems in place to make sure everything is checked. I will make sure you are on the right track. I will have tough conversations with you. I will inform you if any legal changes affect you. I can even suggest tax strategies for you. I hold your hand as often as you need it. I will make you accountable yourself. Managing your money is a huge responsibility. It’s worth paying someone else to do it.
- Where do you get the information from to make the right decisions? Who will you call Ghost hunters ?? I do not think so. The internet is full of free advice – that comes with bias. Financial media should keep your attention. There are very few hard and fast rules in the financial world. What works for one person may not work for you. So who do you trust A trained advisor knows the options and what makes sense for your situation.
- A focus on your whole. It is my job to arrange you so that you can live all the life you want. With the The average life expectancy of Americans is 78 years, which means planning 30, 40, 50 years into the future. I’ll help you balance the fulfillment of instant gratification (which is absolutely necessary in the right places!) With those blurry dreams of the future.
- Training. All financial advisors must pass at least one test to be approved. I passed 4 including one of the most respected in the business. I can calculate that Correlation coefficient Assets to each other and tell you whether you have a well diversified portfolio. I can calculate the standard deviation and tell you how risky an asset could be. I am trained to go way beyond the sexy headlines to create a solution for your financial wellbeing.
- Experience. I’m a student of the markets and I realize that they come in cycles. Here, too, my objectivity can save you from making a hasty decision.
- A plan. “Everyone has a plan until they get punched in the mouth” – Mike Tyson. How will you react if you get hit? I am the trainer in your corner of the ring. Investing is more complicated than it seems. Personal finances are more complicated than it looks. I’ll work with you to create a plan that will work for you … even if the world chooses to hit you in the mouth.
About the author
Sarah Paulson is a CERTIFIED FINANCIAL PLANNER professional and paid financial advisor who lives in Appleton, WI and serves domestic clients. After working in wealth management for over a decade, she decided she was tired of how little the industry is doing to help people who haven’t already saved a lot of money. Sarah decided to start her own company to serve millennials on a subscription basis. She designed Valkyrie Financial to focus on helping women born in the 80s and 90s to live their fabulous lives.
Did you know that XYPN consultants offer virtual services? You can work with clients in any state! View Sarah’s Find a Advisor profile.