I recently read a great article that had some good points about how people need to be responsible about spending money but also the responsibility that Financial Advisors have in managing people’s assets.
Being responsible starts with the individual in spending within their means. It is very common for people to ring up high credit card bills and put themselves in debt.
The credit card companies and businesses that know how to market are always there ready to overload you with temptation. They know how easy it is for you to pull out your card and spend spend spend.
Along with being discipline, there is another place where responsibility exists and that’s on the part of the financial planner.
When a financial advisor get’s a new client it is there job to manage and inform the client as too how much money they can and should spend on all aspects of there life given their financial status. Therefore it is very important that the client does his or her due diligence in making sure the financial advisor they choose is truly looking out for there best interest.
If you want to read the full article, you can do so here: http://blog.fpaforfinancialplanning.org/2010/08/20/a-poe-tic-tale-gurus-of-marketing/
Related posts:
Tagged with: Assets • Best Interest • Credit Card Bills • Credit Card Companies • Discipline • Due Diligence • Financial Advisor • Financial Advisors • financial planner • Gurus • How Much Money • Job • Managing People • Marketing • Poe • Spending Money • Temptation • Tic
Filed under: Financial Planning Strategy
Like this post? Subscribe to my RSS feed and get loads more!
Leave a Reply