It is time to throw out the financial gurus, kick out the credit counselors and fire your investment advisor. It is time to stop taking advice from every Tom, Dick, and Harry that wants to tell you how to manage your money and where to spend it. It is time to take the reins of your financial future and become your own personal finance planner.
Too many meekly follow the advice of the countless personal finance advisors that day in and day out guide you on the best way to spend your money. In most cases you are being led astray from the common sense that you uniquely have, and the instincts that can build your wealth. Trust yourself and become your own finance planner.
If you think this is a crazy idea, and you would much rather let someone that really understands investing, credit and the financial markets manage your money, then you have discovered your first problem. I would argue that if you do not know enough to properly manage your own money and be your own personal finance planner than you need to learn, and fast.
To be a good client, a savvy client that understands finances and money to a degree to be able to accept the sound advice of your advisors and steer clear of the poor choices that are advised, you must have a solid foundation of financial planning skills. You need to be able to see the money opportunities that your advisors bring to you, and have the confidence to know which to jump upon with gusto. This type of confidence does not come from meekly letting others manage your money and plan your finances.
In addition to the need to be an informed client to be a good financial planning client, you need to know when to say no to your financial advisors. As wise as the gurus and counselors may be, your situation is unique to yourself. Your money, goals and motivations are most uniquely understood by you and you alone. If your spirit is not behind the financial plans you make, or are talked into making, they are destined to fail. I will repeat this, as it is that important to properly managing your personal finances. If you do not fully believe with all your spirit in the direction your money is being directed you will fail.
Don’t fall victim to the personal finance planner industries never ending hype that you are incapable of wisely planning for your monies growth. It is a bold faced lie. Never forget you are capable of making wise decisions regarding your money, and you are fully capable of the common sense required for wise financial planning. Take the reins of your wealth today, and you will thank me for it tomorrow.