Some people think that you have to have a lot of money to benefit from the advice and guidance of a financial planner. I would argue that those with less money need the assistance of a professional even more.Step one of any financial plan is getting rid of your debts. It makes no sense to be saving money at 3.5% interest and paying credit card debt at 19% interest. Interest saved is the same as interest earned, and when you consider the tax consequences of paying vs. earning interest paying off the debt is even more important.
If you’re not a mechanic you wouldn’t attempt to fix your car’s engine, likewise if you are not a financial expert you shouldn’t try to deal with your financial decisions alone. Look to our partners for a financial planner that can help you.
- Chris Welker
