Signs it’s Time to Hire a Financial Advisor

Hiring a financial planner can be a great move to make if you want to get serious about managing your finances and assets. Financial planners help provide information about basic and complex financial skills along with education in money management that is specific to your situation. If you want to make smart moves with your money so you can build wealth, retire early, or reach another goal, hiring a financial planner might be a great option for you. Here some situations that might help you decide if a financial planner is right for you.

You Have a Large Amount of Student Loan Debt

If you took out up to $100,000 or more in student loans and possibly didn’t know where to start in paying them off, this might be a sign that a financial planner is right for you. This can be an overwhelming thought when it comes time to start paying this loan off and a financial planner can help you create a realistic budget and specific plan to pay off these loans.

You Have Enough Money to Invest, But Don’t Know Where to Start

Investing is important if you want to build wealth. You’ve worked hard for the money you save; now it’s time to let that money work for you. There are a ton of resources and articles you can read that will help you learn the basics of investing, but they might not meet your specific need. A financial planner can sit down with you and discuss your goals, your current situation, and develop a plan that meets your needs so you can invest your money properly.

You Are Growing Your Family

Having kids can be one of the most exciting times in your life. Parenthood can also affect your finances. All of a sudden you are worried about expenses such as daycare, school, healthcare, along with all the other expenses that come with raising children. Don’t forget you’re going to want to begin saving for college also. A financial planner can provide guidance on questions about insurance, college savings account, along with all the other “surprises” that come with raising kids.

You Don’t Have Time to Manage Your Own Finances Anymore

Time is an asset we can’t get back and it’s important to use it wisely. A financial planner has spent numerous hours studying the industry and learning the academic side as well. Let a knowledgeable financial planner do the work for you. When you find a financial planner you trust, he or she can help relieve you from the stress of wondering if you are making the best financial decisions.

This may be the time in your life to hire a financial planner. A financial planner can help you get on the right track with your finances and prepare for your future no matter what your future holds. Contact Carolina Money Minders with all your financial advisor needs!