Having a Financial Planner Is Really Important, Even If You’re Not Wealthy

Pennygem’s Lenneia Batiste has more on why everyone should hire a financial planner.

Transcript

00:00 (upbeat music)

00:02 Despite the misconception,

00:05 financial planners aren't just for the wealthy.

00:07 And now planners are getting more creative than ever

00:10 to help people of all financial backgrounds.

00:12 This is how a financial planner can help you,

00:15 wealthy or not.

00:16 Experts say no matter where you're starting,

00:21 if you wanna build wealth,

00:22 you should get a financial planner.

00:24 According to CNBC, some advisors charge hourly,

00:27 monthly or yearly,

00:29 and you can get a host of services like budgeting,

00:31 debt management and social security strategizing.

00:34 A financial planner tells US News and World Report

00:39 that advisors spend 80% of their time listening

00:43 and finding out their clients' goals

00:45 and how to achieve their goals.

00:47 In other words, they work for you.

00:49 And if you can save at least 20% of your income,

00:51 experts say you need to get an advisor

00:54 to steer you in the right direction.

00:58 Although you will have to fork over some cash

01:00 to pay your advisor up front,

01:02 they can help you save loads of money on the back end

01:05 by helping you minimize taxes,

01:07 avoid compulsive spending and investing in your future.

01:10 An advisor tells the New York Times,

01:12 even if it's paying an extra $10 a month towards your debt

01:16 or learning to say no to an impulsive purchase,

01:19 start small and you'll get there.

01:21 Great advice for a secure financial future.

01:24 (upbeat music)