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need a financial planner

5 Signs You Need a Financial Planner

need a financial planner

5 Signs You Need a Financial Planner

Do I need a financial planner?

As the world advances, everyone gets busier by the day. This means you may no longer have the time to focus on every aspect of your life including your financial life. Finances touch on every single aspect of our lives and so it is important to ensure this area is well taken care of. Whether you choose to do it alone or outsource it to a professional is up to you. 

In this blog post, we answer the question “Do I need a financial planner” using 5 situations you may be finding yourself in.

In this blog post, we make it slightly easier for you to determine if you need to invest in a financial planner. Here are the 6 major signs you should look out for:

You have big financial ambitions

Achieving your financial goals requires patience, financial skill, and knowledge. Though you might decide to do this on your own, a financial planner is ready with everything you need to set actionable steps.

You are not sure where you stand financially 

Perhaps you are part of an organisational pension scheme, or you took initiative to set up an individual pension plan. However, having your finances in different organisations can make it hard for you to keep track of how much you have and make a proper financial plan.

A financial planner will help you consolidate all your finances and come up with a strategy that will allow you to better manage what you have.

You leave your finances up to luck and Google

The truth is, we don’t know what we don’t know and although looking up a specific search query on Google will bring results, there is a high chance we will miss out on a lot more information that we likely need.

Having a financial planner increases the chances of having a better outcome from a financial decision as they have the knowledge and experience to keep you on track and proactively identify useful opportunities.

You want to make a life-altering decision

Perhaps you find yourself at a point in life where you want to purchase a new home, or invest in something or even retire early. Such a decision requires tools, experience, and expertise to bring out the best possible outcome.

A financial planner will help you quantify the decision and the impact that it will have on all areas of your life. They will use their knowledge to design a strategy to execute the decision that is suitable to your unique needs.

Your financial mistakes are becoming costly

At the start of your financial journey, mistakes are not such a big deal – this is especially true if you’re young with not many responsibilities. However, as the years go by, the effects of one small mistake will be felt in every single area of your life which may add pressure to your already busy life. 

Working with a professional will decrease the chance of mistakes going unnoticed and increase the identification of opportunities that you can capitalise n to achieve your goals.

Related article: Is a Financial Adviser Necessary for Me?

Summary

Your financial situation has an impact on every area of your life. You could decide to figure it out all on your own, though this could be costly and time-consuming. A financial planner will use their knowledge and experience to help you avoid mistakes, navigate risk and exploit opportunities that will grow your finances.

Do I need a financial planner?

As the world advances, everyone gets busier by the day. This means you may no longer have the time to focus on every aspect of your life including your financial life. Finances touch on every single aspect of our lives and so it is important to ensure this area is well taken care of. Whether you choose to do it alone or outsource it to a professional is up to you. 

In this blog post, we answer the question “Do I need a financial planner” using 5 situations you may be finding yourself in.

In this blog post, we make it slightly easier for you to determine if you need to invest in a financial planner. Here are the 6 major signs you should look out for:

You have big financial ambitions

Achieving your financial goals requires patience, financial skill, and knowledge. Though you might decide to do this on your own, a financial planner is ready with everything you need to set actionable steps.

You are not sure where you stand financially 

Perhaps you are part of an organisational pension scheme, or you took initiative to set up an individual pension plan. However, having your finances in different organisations can make it hard for you to keep track of how much you have and make a proper financial plan.

A financial planner will help you consolidate all your finances and come up with a strategy that will allow you to better manage what you have.

You leave your finances up to luck and Google

The truth is, we don’t know what we don’t know and although looking up a specific search query on Google will bring results, there is a high chance we will miss out on a lot more information that we likely need.

Having a financial planner increases the chances of having a better outcome from a financial decision as they have the knowledge and experience to keep you on track and proactively identify useful opportunities.

You want to make a life-altering decision

Perhaps you find yourself at a point in life where you want to purchase a new home, or invest in something or even retire early. Such a decision requires tools, experience, and expertise to bring out the best possible outcome.

A financial planner will help you quantify the decision and the impact that it will have on all areas of your life. They will use their knowledge to design a strategy to execute the decision that is suitable to your unique needs.

Your financial mistakes are becoming costly

At the start of your financial journey, mistakes are not such a big deal – this is especially true if you’re young with not many responsibilities. However, as the years go by, the effects of one small mistake will be felt in every single area of your life which may add pressure to your already busy life. 

Working with a professional will decrease the chance of mistakes going unnoticed and increase the identification of opportunities that you can capitalise n to achieve your goals.

Related article: Is a Financial Adviser Necessary for Me?

Summary

Your financial situation has an impact on every area of your life. You could decide to figure it out all on your own, though this could be costly and time-consuming. A financial planner will use their knowledge and experience to help you avoid mistakes, navigate risk and exploit opportunities that will grow your finances.

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