You know how to budget and you’re making a comfortable salary. You’ve been able to save a little bit each month and you’re getting the hang of how to spend on what you value (instead of just blowing your budget on things that don’t get you closer to your goals).
But you’re starting to have more questions about money — and what to do with the savings you’ve accumulated. You’ve slowly been paying off your student loans, but you wonder if there’s a better way to get rid of that debt. And you’re interested in hitting some big life milestones soon (like buying a home or starting a family), but you’re just not sure how to plan for that. Big life goals are expensive!
If you’ve been spending more and more time wondering about how you can take your finances to the next level and reach the success you want, it might be time to consider hiring a professional to help you manage all these questions (and to find the answers).
If you can check any of these boxes, it’s time to think about getting a financial planner in 2016.
You Have Big Dreams and Goals
When you graduated college, your main concerns might have been to get a job with a decent salary so you could transition from Ramen-eating student to professional who can afford a night out or two per week. But you’re no longer scrambling to cover basic bills and you have money left over each month — and you’re dreaming of all the things you want in your life.
Buying a house and starting a family are common goals that many of us have, but you may also be trying to figure out how to juggle those types of wants with things like starting a business, planning a trip around the world, or taking a sabbatical so you can volunteer for a cause you care about.
Whatever it is you want, you have big goals and you need an action plan so you can use your money wisely to make these dreams into reality.
You Have a LOT of Questions
One of the biggest things that holds you back from making big decisions? You feel like you just don’t have all the information you need to make the best choice.
All aspects of finances can feel completely overwhelming and leave you feeling indecisive and unsure of the right path to take. That’s totally normal — and it’s not surprising. It takes certified and trained financial advisors years to develop the knowledge they need to help others. And it’s their full-time job!
You have other things to focus your time and energy on, beyond trying to understand the best strategies and actions for you to take to get to where you want to be in your financial life. This is why successful people hire financial planners: so they’re free to focus on their specialties and areas of expertise.
If you have a laundry list of questions and aren’t sure where to go to find the answers, let a professional provide you with the advice you need.
You’re Ready to Start Investing
Speaking of overwhelming and confusing, there’s not much out there that can make you feel this way faster than investing — and how to invest your money properly.
You can read things all day long about passive versus active investing, articles about mutual funds and individiual stocks, the power of dollar cost averaging, and what behaviors you should avoid as an investor…
…and still not know with certainty how you should get started or where you should put your money. Again, a financial advisor is a trained professional and provides advice and investment management as a full-time job. They have the knowledge, resources, and training that average investors simply don’t.
Not to mention, financial advisors can stand between their clients and irrational, bad investment decisions. Just having someone on your side and providing guidance when times get tough (or when the stock market takes a dip and leaves you feeling even more uncertain and afraid than you felt before!) can make a huge impact on your financial wellbeing.
A financial planner can provide the objective, educated, well-trained advice and insights you need to check all these boxes and more. If you’re ready to do more with your money in 2016, consider building out your money team and having an advisor guide you to financial success.