I know that many young adults are concerned with the future and about what they might be willing to do to get there. A major part of that question comes from an inaccurate view of the future. Most of us do not have an exact idea of what our future might hold. The reality is that we do not know the exact steps that we will take to get there.
While we can make some educated guesses, we can’t really know for sure what our future will hold. We don’t know what the exact steps we are taking will be. Sure, we can get some insight from history and from other people who have managed to get into the financial plans of others, but it’s not like we can draw a straight line from here to there.
One of the best ways to figure out what our future will be is to look at the financial advisor. The advisors that we see are the ones who focus on how to get into the financial plans of others. When we see an advisor, we automatically assume that this person is good, that they are the one who knows what they are doing, and that they are going to be doing it.
This is a bit of a stretch, yes. When it comes to making financial plans, most of us start by trying to get into our parents’ plans, which aren’t necessarily set in stone, but are always subject to change. In the beginning, we want to put our parents’ money in the hands of a financial advisor, who tells us what we’re supposed to be doing.
For those that have the money to hire an advisor, they can be pretty expensive. Just about all the major financial institutions require a fee of at least 5% of the gross income, and that fee can be as high as 10% – 12%. Most advisors charge between 1% and 2% of the gross income. This is a tough pill to swallow, but you have to pay the fee and be accountable for it.
So, what if you want to do this yourself? Well, like most of the other advice-giving, I recommend it only in conjunction with a financial advisor. This is because the majority of the advice we hear is not from an advisor at all. It’s from people that are looking to get into the financial industry and are just starting out.
It’s funny- I was talking to a financial planner a few weeks ago and she told me that she’s hearing a lot of advisors are starting to charge as much as $10,000, which I think is absurdly high by today’s standards.
Well, it really depends on who you talk to. For some people, it might be worth it to find a financial advisor if its something serious and they have some experience. But I think that the majority of people just go for it because they think its going to make them more money.
I see a lot of advisors charging 10,000 for some of their services and I think that’s nuts. I mean, if someone were to ask me for $10,000 to get me a top notch tax preparer, I would take it. But if you’re already in the best tax preparer business, 10,000 isn’t that much.
I believe that the best financial advisers are those that go above and beyond to meet their clients needs. In this case, that means advising them to take out loans, but also to pay off the loans as soon as possible. There are a few reasons for this. First, you are likely to achieve the best success and best results if you pay off a loan as soon as you can. If you wait to pay off your loans, you can lose out on a lot of opportunities.