Do you have a hard time managing your money? You’re far from the only person struggling with this problem!
Americans as a whole are carrying around more consumer debt than ever before. They’re also failing to set aside enough money in their savings accounts and more concerned about where they’re going to take their next vacation than how they’re going to be able to afford to retire one day.
If you have money issues and don’t know where to start when it comes to solving them, it might be time to ask yourself, “Do I need a financial advisor?” A financial advisor can help you manage your money more effectively and make it last longer in the process.
Here are nine reasons why you might want to welcome a financial advisor into your life right away.
1. You’re Stuck in the Paycheck-to-Paycheck Cycle
Did you know that almost 80% of people are living paycheck-to-paycheck these days? Eighty percent!
It’s a big part of the reason why so many Americans are stressed out on a daily basis. They’re constantly fighting to make ends meet and waiting on their next paycheck to arrive.
It’s not easy to break out of this vicious cycle. But it is possible if you’re willing to work at it. A financial advisor can look at your finances for you and provide you with a roadmap that will help you do it.
2. You’re in Over Your Head in Debt
The average person is walking around with almost $40,000 in personal debt nowadays, not including their mortgage. That’s an astonishing amount of debt for one person to have, and yet, it has become the norm in most circles.
A financial advisor can help you get a handle on your debt and show you ways to chip away at it over time. You’re not going to be able to make debt disappear in an instant, but you can do it when you make a conscious effort to eliminate it.
3. You’re Not Sure If You’re Saving Enough Money for Retirement
Here’s a sad statistic: More than 20% of Americans don’t save a dime for retirement each year. Additionally, about 50% save less than 10% of their annual income for retirement.
You don’t even need to bother asking the question, Do I need a financial advisor? if you’re not saving for retirement right now. The answer is a resounding “YES!” You need one right away.
4. You’re Scared of the Stock Market and Investing in General
The stock market is something that should excite people. It offers them a chance to invest the money that they have now and use it to make more money in the future.
But so many people are scared of the stock market, partly because the internet is filled with articles about it tanking. It prevents many people from taking full advantage of the opportunity to invest.
If you’re one of the people who is fearful of investing your money in the stock market, let a financial advisor explain why you shouldn’t be scared of it.
5. You’re Getting Ready to Start a Family
Starting a family requires a big financial commitment on the part of soon-to-be parents. They have to focus on everything from getting a new baby’s nursery together to starting college funds for their first kid.
It’s important for people to plan ahead before jumpstarting a family. A financial advisor can provide them with all the information they need on how to set their families up for the future.
6. You’re Making More Money Than You Could Have Ever Imagined
Making a lot of money is, in theory, a very good thing. But in the words of the late, great Christopher Wallace: “Mo’ money, mo’ problems.”
Believe it or not, you’re going to face a lot of problems when you start bringing in the big bucks. Complex tax issues, for example, will probably plague you every March and make you wonder, “Do I need a financial advisor?”
A financial advisor can help you navigate your way through the world once you start making a lot of money. They’ll also show you how you can turn the money you make into even more money over time by investing it right.
7. You’re the Owner of a Small Business
More than 600,000 small businesses open up every year. If you’re thinking about opening one, you need a financial advisor on your side.
You also need a financial advisor if you currently have a small business and aren’t speaking with anyone about how you manage your money on a regular basis. You could be wasting money every month and missing out on the chance to make your small business more successful.
8. You’re Self-Employed
Only about 16 million Americans are self-employed at the moment. But that number is expected to grow in the not-too-distant future as more and more people start working from home and finding ways to carve out a career without working exclusively for one company.
There are so many benefits of being self-employed. But one of the big drawbacks of it is that you have to be diligent about managing your money and saving for retirement on your own. A financial advisor can make all of this so much simpler.
9. You’re Worried About Your Financial Future
Do you toss and turn in bed at night worrying about what the future holds for you and your family? You need the peace of mind that only a financial advisor can provide.
No matter how bad your financial situation might seem now, there are ways to change it. Give a financial advisor a call to see how to turn things around.
Stop Asking “Do I Need a Financial Advisor?” and Hire One Today
There are more than 200,000 financial advisors working throughout the country. If you’ve been asking yourself, “Do I need a financial advisor?”, a lot lately, get one on the phone as soon as you can and ask them for help.
Pretty much everyone can benefit from utilizing a financial advisor’s services. Regardless of how much money you make or how much money you have set aside in savings, you can create a brighter future for yourself with assistance from a financial advisor.
Check out our blog for more articles on financial planning.
