How Can Unbiased Financial Advice Help Me Become Wealthy?

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How Can Unbiased Financial Advice Help Me Become Wealthy?


2011

By Ric Dalberri, Founder of Retirement USA

Most people want to be wealthy, or at least well off. But
one thing largely people don’t realize is that while having a bundle of money
does mean much more opportunities and choices, it also means added work. Taking
care of your funds is a valuable aspect of having money. Most do not comprehend
this. You have to have your money (assets) grow and be protected. It does not
matter if you have one billion or one million or ten thousand dollars. You will
have to find a competent professional financial adviser as a CPA or tax attorney
who is unbiased.

Don’t get confused with letting the reigns go and do the moon walk. Always,
always stay on top of your money and who is handling it.

The professional financial advisor does this full time. Be sure of that. Most everyone does not know about stocks, bonds, mutual funds, annuities, and the like. We might know about C.D.’s. That’s why you want to meet and greet and interview a financial specialist. A Professional financial advisor does this full time. Be sure of that. Most everyone does not know about stocks, bonds, mutual funds, annuities, and the like. We might know about C.D.’s. That’s why you want to meet and greet and interview a financial specialist.

How do you find a financial specialist? Ask….Friends,
co-workers and business people. Get the idea? Who and why do they use and trust
them?

After that you can continually make contact with your local
SCORE office. SCORE is an organization that brings retired business people
collectively to guide other business people start their own business. There
would most likely be a lot of members who could point you in the direction of a
qualified professional.

The best choice probably is not to go to the internet. The
best choices are referrals and then interview who you are comfortable with. It
is vital that you stay involved in all aspects of your financial well being.
Also, don’t go very far out of your area of business or home.

Be sure you go ahead with whom you will hire ( they work for you) be sure the
agent is not only representing one company or ‘tied’ to that company only. If
they are they can only provide you with the products that company offers. They
do not have to tell you that there is a better product with another company to
serve you needs better. Be sure to ask this question on your interview.

An agent that is independent can offer you products from many companies giving
you a wide spectrum of investment choices. Even though this might seem like a
better choice because of the various options it may not be. Why? Some companies
offer higher incentives (commissions) than others and agents are tempted to
provide you with that product. Be sure it fits your profile.  Just keep in mind what is most important. Be
active in these decisions. You must communicate with your advisor on a regular
basis. Not only does your financial specialist have a fiduciary responsibility,
so do you to yourself and family.