Thanks to readily available information on almost any topic, the do-it-yourself culture has exploded in popularity. Bloggers and YouTubers offer up an array of advice on almost any topic imaginable, making it easy to attempt to tackle almost any problem you might experience. But when it comes to financial planning, we want to offer a word of caution: This is one area in which DIY may not be a great idea.
The cost of missed opportunity. Yes, you can access a variety of financial advice on the internet. But it’s the opportunity you didn’t identify that could become a costly regret. “You don’t know what you don’t know,” as the saying goes.
Time is money. It takes time to learn the ins and outs of financial planning, and we all tend to procrastinate when life gets busy. On the other hand, a financial professional has already conducted research that could benefit you. Making a single appointment today will mean that you can get started right away.
Efficiency is crucial. Some basic household repairs can be performed after you watch a five-minute YouTube video. The same can’t always be said for financial maneuvers. It can be difficult to gather years of experience and financial know-how by watching videos or reading blogs.
Plus, a household repair that goes wrong can be fixed. A financial maneuver gone wrong can carry repercussions that could potentially last years.
Your situation can change frequently. Between the state of the economy, changing laws, and your own earnings and budget, your financial situation will continually shift. A financial professional can stay on top of these changes for you, and even prepare for them, so that you can make timely moves to help yourself.
An objective observer is key. Money comes attached to a lot of emotions, and it’s difficult to be objective about our own finances. A professional specializes in seeing things their clients may be missing, and helping them put together the pieces of the puzzle.
Give us a call, and we’ll schedule an appointment to discuss your current financial picture as well as your dreams for the future. Then together we will craft a strategy to help you reach your goals.