If you have invested your first dollar and you know how to manage your finances, you can spend your money on your investments instead of on a financial planner.
If you prefer to make a financial plan without an advisor, here is what you need to do:
Ask yourself this: what do I want to do with my money?
You are spending more than you are earning? Some changes need to be made. Check your expenses category and see where you need to cut back most.
With the rise of low-cost index funds and robo-advisors, anyone is able to start investing independently.
Most people really don’t need a financial advisor, unless special circumstances apply. When you’re inheriting a big sum of money, for example, a financial advisor may come in handy.
Definitely, not everyone needs a financial planner, but for some people, a push in the right direction can be invaluable.