The financial advisor you hire and work with can change the trajectory of your financial future, positive or negative. In this episode of the Money is Emotional podcast, I discuss how to make sure you’ve got a good one!

You Can Be Your Own Financial Advisor

I bet you didn’t expect me to say that right out of the gate! Financial planning is a necessity. Hiring a financial planner is optional.

You don’t have to hire a financial planner if you want to learn about investing and do it yourself! We just read Girls That Invest by Simran Kaur in the Wealthy Woman Book Club™ and discovered that investing in the stock market is less complicated than we’ve been led to believe. In this episode, I discuss several scenarios where you might not want to hire a financial advisor.

Reasons You Would Want to Hire a Financial Advisor

Yes, you can select and manage your own investments, but there are very good reasons you might NOT want to:

You don’t like researching investments.
You experience fear or other negative emotions around investing (emotional support is a big benefit of an advisor.)
Your financial and tax situation is starting to become complex.
You think (or know!) you’re behind on your investing goals.
You’re getting closer to retirement.

The bottom line: Get clear on WHY you want a financial advisor before you hire one.

How Do I Find and Hire a Financial Advisor?

Most people find a financial planner by proximity. They meet someone at a networking function or ask friends or family for a recommendation. This may – or may not – lead you to the best advisor for you.

Be careful when hiring friends or family members as your financial advisor. My best advice is never hire someone you’re not willing to fire!

Tune into this important episode, Part 1 of Hiring and Working with a Financial Advisor, and share it with a friend today!

Download my handy resource, 10 Questions to Ask Your Next Financial Advisor.

P.S. We’re starting a new book in the Wealthy Woman Book Club™ soon! Join us, won’t you?