What is the best financial advice you ever received?
What’s the best financial advice you ever received?
- Work to learn, do not work for money.
- Spend wisely, always save for a rainy day.
- Do not put everything behind a single idea.
- Like thinking out of the box, start investing out of the box.
- Get paid what you are worth.
Who is the most successful financial advisor?
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| Rank | Firm | Executive |
|---|---|---|
| 1 | Chevy Chase Trust Company | Peter Welber, President & CEO |
| 2 | Hightower Advisors, LLC | Elliot Weissbluth, Founder & CEO |
| 3 | Creative Planning | Peter Mallouk, President |
| 4 | Oxford Financial Group, LTD | Jeffrey Thomasson, CEO |
How can I be financially responsible in my 20s?
20 Financial Rules for Your 20s
- Avoid Credit Card Debt.
- Only Borrow What You Need for an Education.
- Be Careful about Borrowing for Anything Else.
- Pay Attention to Your Credit.
- Pay All Your Bills On Time.
- Open a Checking Account on Your Own.
- Open a Savings Account.
- Open a Retirement Account.
What do you say to a financial advisor?
10 questions to ask financial advisors
- Are you a fiduciary?
- How do you get paid?
- What are my all-in costs?
- What are your qualifications?
- How will our relationship work?
- What’s your investment philosophy?
- What asset allocation will you use?
- What investment benchmarks do you use?
When Should I fire my financial advisor?
See a high amount, and it’s time to call your advisor on it. If you can’t rectify the situation or there isn’t a good reason why the expenses are so high, it’s a sign you may need to fire your financial advisor.
Should a 20 year old have a financial advisor?
The Bottom Line. There is absolutely nothing wrong with using a financial advisor when you’re under 25. It is a great idea and can be a responsible money management tool but that doesn’t mean there isn’t still some work on your end.
