One of those fears includes putting their trust in the wrong people for guidance. Well, people find investing intimidating for many reasons. With such a huge difference in results, why would so many folks not hire an investment professional? Heres the truth: Even the most seasoned investors find value in having an investment professional guide their overall financial plan.Īccording to a Ramsey Solutions research study, 44% of people who partner with a financial advisor have $100,000 or more saved for retirement, while only 9% of those who fly solo have that much saved. If youre new to the world of investing, youre probably wondering whether you need the help of a financial advisor. How Does A Financial Advisor Get Paid Should You Use One It covers Ramseys seven-step process for getting out of debt and reaching financial freedom. The Total Money Makeover is one of his most successful books. Ramsey has multiple books meant to help people get out of debt and build wealth. EST and is syndicated across the country. These people call in and talk directly with Ramsey, who offers advice and an action plan. Every episode focuses on financial difficulties that real people are going through. You can listen to Dave Ramsey on his radio show, The Dave Ramsey Show. The great news is that finding top-rated pros doesnt have to be complicated when you know what youre looking for. If youve found your current financial advisor lacking in some of these areas, it may be time to look for a new advisor. If theyre just telling you what to do with your money, theyre not doing their job. One of a pros main responsibilities is to teach you about investing. Thats why its important to have an advisor who can break down complicated investing jargon into plain English. Listen, you should never invest in something you dont understand. The #1 Mistake People Make When They Use a Financial Advisor
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