Despite all the information you read, the experience you have and maybe the relatively simple financial situation you feel you are in, there might be times when it is worth getting the help of a professional when it comes to your personal finances.

Advantages

Finding the right person to help you with your specific situation can help you in several ways:

• They can save you money
• They can save you time and energy
• They can recommend better solutions for your situation

The first advantage – save you money – is a complicated one as apart from saving you money, when you hire a professional they will also cost you money. You’ll need to pay them for their work, time and expertise at the end of the day. So before you run out to find a certified financial planner or fiduciary, it is worth considering how much they would be able to save you, how much they’d cost you and what the net difference is between the two.

Apart from saving you money, a professional financial adviser can often also save you time and mental energy. If your financial situation is relatively complex or if you have a lot of paperwork to complete, for example for your tax returns, hiring the help of a financial planner can save you considerable amounts of time and energy, meaning you can spend that on something far more enjoyable!  Continue reading “Step 81: Consider Hiring a Professional” →