Normally, my articles are not personal or self serving. I explain concepts and options that people should be aware of but, if you’re not involved in the financial services industry you may not be aware of the things that I write about. But this is information that you should know, even if you don’t utilize Halas Consulting as your primary advisor. You might take one of my concepts and seek out a local advisor, he might gain you as a client without having to do any type of prospecting because you came in well informed and his job was half done. If this is the case, be sure to tell him that I said “You’re welcome.”
If you are guided correctly by your parents and teachers, then it won’t be difficult for you to get a job and earn money or to start a business and make money. But what about managing your money. Do you know how to invest your money so that it can grow? Investment decisions are big decisions of life and you need knowledge and expertise to take it. Here also you need a guide and you can get one if you opt for a financial planning services firm.
The question gets asked often: is financial advice worthwhile? Implicit in this question is: how much money should I have to make financial advice worthwhile? The answer is that it does not depend on how much money you have but what your needs are and whether the advice will provide enough value to justify paying for it. However, there are many common misconceptions about financial advice and what level of service you are getting. The financial services industry is tailored towards people with money – so the more money you have, the more and better quality advice you would get. If you have no money, you have few options which is where the expression comes from; “no money, no advice”. Why is this? Advice is not charged for on its own: its value is combined with products that get sold. If you don’t buy any products, there are limited avenues for getting any advice. If you use a non-traditional approach to obtaining advice like doing it yourself, a money coach or a fee for service planner, you will have more options.