If you could hire a personal financial advisor, would you?
Question:
Answer:
Why not? A lot of people do.
Financial analysts and personal financial advisors held 355,000 jobs in 2004, of which financial analysts held 197,000. Many financial analysts work at the headquarters of large financial companies, several of which are based in New York City. More than 4 out of 10 financial analysts work for finance and insurance industries, including securities and commodity brokers, banks and credit institutions, and insurance carriers. Others worked throughout private industry and government.
Personal financial advisors held 158,000 jobs in 2004. Much like financial analysts, more than half work for finance and insurance industries, including securities and commodity brokers, banks, insurance carriers, and financial investment firms. However, 4 out of 10 personal financial advisors are self-employed, operating small investment advisory firms, usually in urban areas.
Personal financial advisors, also called financial planners or financial consultants, use their knowledge of investments, tax laws, and insurance to recommend financial options to individuals in accordance with the individual’s short-term and long-term goals. Some of the issues that planners address are retirement and estate planning, funding for college, and general investment options. While most planners offer advice on a wide range of topics, some specialize in areas such as retirement and estate planning or risk management
i would. finance is very vital.
No Then I would have to pay him to help me pay my bills...no Thanks
Sure, why not?! I wouldn't mind letting someone else deal with the headache of balancing my checkbook, lol!
I would love to have one because I am terrible with money.
I wouldn't like to have to pay for it though because that is sort of defeating the object. It would be great for someone to come round my house and tell me how I can pay all my bills which mount up to just under £1000 a month, with only £800 coming in! lol.
If you're making so much money that the amount staggers your imagination then, yes, hire a personal financial advisor.
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