Quote:
Originally Posted by Vegas69
Greg, my counter punch is that you can't take your knowledge for granted. What is instinct for you at this point is foreign to others. Many high wage earners are not great with personal finance just like the less wealthy. They need someone to look them in the eye and say, hey, you need to wake up and smell the coffee and here's how you get there.
Me, I'll read a book, experiment, put together a budget, spreadsheet, scheme and plot. Not everybody is that driven. That's why financial advisors exist. I have two good buddies in the business.
Then there is asset protection from tax and death and the list goes on. To me they are a piece of the puzzle that makes it all click.
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Which is exactly why I pointed out that they (FA's) can help some people. But I also explained that some people can also do simple math -- so if someone is looking for some miracle (in the form of a financial planner) to straighten out their finances... That's probably not going to happen. So -- like most things -- I was giving people things to think about because it all depends on what it is that they're expecting.