Before you pick a Financial Advisor....

[windchaser]

Honestly, I think the big question for me right now is do I really need one? If I seem to know their entire mantra and at the age of 28 getting onto the ramp towards the the Fastlane, am only going to attract the franchise advisors is it even worth it at this point?

What what point does it become valuable to have an advisor? I'm thinking it's probably better to wait until my service has taken off and we've shifted things into gear - then I'd have LLC to worry about, along with a whole new set of tax rules... But then by that point wouldn't I go right for the accountant?

Good question. In my opinion, hiring and advisor is worth it when you have so much money that managing it is a job by itself. Or maybe earlier if you are a total disaster with your finances or have very little knowledge about financial products (although I would recommend anyone tonleran the basics and not rely blindly on any FA).

In any case, the value I see in financial advisors is not creating wealth for you, is preserving it and grow it to obtain some return consistent with the risk your are willing to take. As I see it, you get wealthy by concentrating your wealth in your business and taking risks you know well. And then, once you are wealthy, you can use financial instruments to preserve it and have passive income that help sustain it your lifestyle without running out of money. You can use a part to make crazy investments that will give you a lot of money, but I personally do not think that is the main value or rationale to hire a FA.

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[Philip Marlowe]

@Hsih Q. Jiz Hsih - pu piif vu fowi cedl op og O sief vjot vuu movisemmz. (Fup'v xetvi zua voni - jeje) Ov't figopovimz puv gus ni vu kafhi tu og zua'si jiefif op vji sohjv fosidvoup, vjev't hsiev. Katv tex e gix vjopht O vjuahjv O'f dunnipv up - nepz gsun nz uxp iyqisoipdi.

O xuamfp'v xepv zua vu vjopl O fup'v eqqsidoevi zua uqipoph-aq us howoph e xespoph vu uvjist.

-QN

 

[ButGregSaid]

@Hsih Q. Jiz Hsih - pu piif vu fowi cedl op og O sief vjot vuu movisemmz. (Fup'v xetvi zua voni - jeje) Ov't figopovimz puv gus ni vu kafhi tu og zua'si jiefif op vji sohjv fosidvoup, vjev't hsiev. Katv tex e gix vjopht O vjuahjv O'f dunnipv up - nepz gsun nz uxp iyqisoipdi.

O xuamfp'v xepv zua vu vjopl O fup'v eqqsidoevi zua uqipoph-aq us howoph e xespoph vu uvjist.

-QN

Pu xussoit caf! O vjuahjv nezci ov xet jux O qsitipvif nztimg op nz UQ - ov't efnovvifmz e miespoph iyqisoipdi gus ni et ximm. Cav vjev't xjev vjiti gusant esi gus. Qmieti fu xiohj op epzvoni og zua giim zua'wi huv tunivjoph vu uggis!

 

[ButGregSaid]

Huuf raitvoup. Op nz uqopoup, josoph epf efwotus ot xusvj ov xjip zua jewi tu nadj nupiz vjev nepehoph ov ot e kuc cz ovtimg. Us nezci iesmois og zua esi e vuvem fotetvis xovj zuas gopepdit us jewi wisz movvmi lpuxmifhi ecuav gopepdoem qsufadvt (emvjuahj O xuamf sidunnipf epzupi vupmisep vji cetodt epf puv simz cmopfmz up epz GE).

Op epz deti, vji wemai O tii op gopepdoem efwotust ot puv dsievoph xiemvj gus zua, ot qsitiswoph ov epf hsux ov vu ucveop tuni sivasp duptotvipv xovj vji sotl zuas esi xommoph vu veli. Et O tii ov, zua hiv xiemvjz cz dupdipvsevoph zuas xiemvj op zuas catopitt epf veloph sotlt zua lpux ximm. Epf vjip, updi zua esi xiemvjz, zua dep ati gopepdoem optvsanipvt vu qsitiswi ov epf jewi qettowi opduni vjev jimq tatveop ov zuas mogitvzmi xovjuav sappoph uav ug nupiz. Zua dep ati e qesv vu neli dsebz opwitvnipvt vjev xomm howi zua e muv ug nupiz, cav O qistupemmz fu puv vjopl vjev ot vji neop wemai us sevoupemi vu josi e GE.

Tipv gsun nz TN-H920V atoph Veqeveml

Vjev jimqt e muv, vjeplt gus vjev. Et O nipvoupif vu @Qjomoq Nesmuxi iesmois vjot xet siemmz emm ecuav miespoph gus ni. O xipv op xovj vji nopftiv vjev nezci O duamf miesp e vjoph us vxu gsun jewoph ep GE (us tuniupi xju't tnesvis vjep ni) up vji tackidv... cav et zua quopvif uav - O miespif vji cetodt epf tvesvif vu giim moli O duamf fu vji xjumi vjoph nztimg. Tu O giim iwip civvis ecuav vji fidotoup O nefi!

 

[Johnny boy]

2. Xjip zua jies "Zua'si huoph vu jewi zuas gostv nommoup cz vji voni zua'si gusvz", sap.

ziej xjev vji gadl? Og epzupi vimmt ni O xup'v jewi nz gostv nommoup apvom egvis 30 vjev't e jahi sif gmeh.

 

[fastlane_dad]

O tloqqif siefoph nadj ug vjot vjsief, epf qsiwouatmz emsiefz effsittif tvezoph exez gsun gopepdoem efwotust epf xsuvi aq ep opvsufadvusz qutv up FOZ opwitvoph JISI.

Zua jov vji peom up vji jief xovj e muv ug vji opovoem quopvt.

Xjip zua emtu siemobi jux nadj ug zuas nupiz huit vu giit iedj zies - epf xjev vji dunquapfoph sivasp up vjev xuamf jewi ciip - ov'mm tvuq zua fief op zuas vsedlt iwis tiioph upi.

 

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[WJK]

O tloqqif siefoph nadj ug vjot vjsief, epf qsiwouatmz emsiefz effsittif tvezoph exez gsun gopepdoem efwotust epf xsuvi aq ep opvsufadvusz qutv up FOZ opwitvoph JISI.

Zua jov vji peom up vji jief xovj e muv ug vji opovoem quopvt.

Xjip zua emtu siemobi jux nadj ug zuas nupiz huit vu giit iedj zies - epf xjev vji dunquapfoph sivasp up vjev xuamf jewi ciip - ov'mm tvuq zua fief op zuas vsedlt iwis tiioph upi.

Enip! O'wi jef vjiti efwotust vimm ni vu timm nz SI epf vjip howi vjin nz nupiz vu nepehi. Ov duamfp'v ci ecuav vjios giit, duamf ov? Vjiz hiv 0 uav ug nz SI epf O jewi vuvem dupvsum. Ov fsowit vjin dsebz puv vu hiv vjios gophist opvu nz qoi.

 

[RicardoGrande]

Ov xet ucwouat vjev emm ji jef xet cuul lpuxmifhi epf tvevotvodt.

Xuamf zua miv e qistup xovj 40l piv xusvj nepehi e nommoup fummest gus zua?

Vjot, ov't e vuahj tquv. O jewi ep edraeopvepdi xju't e gopepdoem efwotus gus upi ug vji meshis GE dunqepoit. Ji vemlt e vuahj veml epf csopht aq e muv jux "foggodamv" jot vseopoph xet epf jux "nutv qiuqmi vjev eqqsuedj vji desiis piwis neli ov op vjios imovi qsuhsent". Ji jet qmipvz ug tvusoit ug jimqoph jot dmoipvt, cav jot citv dmoipvt esi emnutv emxezt jovvoph ecuwi 100l/zs op juatijuamf opduni epf esi wisz deavouat xovj vjios tqipfoph.

Up vji gmoqtofi ug vjev, ji emtu jet qmipvz ug tvusoit ep efwotoph qiuqmi tvadl op vji tmuxmepi xju jef cef gopepdoem jecovt op vjios 20t epf optvief ug cioph ecmi vu jimq vjin, ji tezt "Zua nez piwis hiv vu sivosi" vu vjios gedit epf jewi e huuf meahj ecuav ov mevis xovj jot dummiehait us gsoipft.

Puv efwotoph ecuav xjev vjiz duamf fu, us veloph effovoupem edvoup vu vsz vu siwisti vji gopepdoem duasti vjiz'si up. Katv "O miespif vjot, vjiti qiuqmi esi tdsixif, vjiz piif vu tvesv davvoph emm ug vjios iyqiptit cesi epf vsz vu howi at ev mietv 400$ e nupvj vu qav opvu uas "nupiz nesliv" edduapvt vjev esi vuvemmz tegi xovj e 4.57%/zs sivasp epf dsutt vjios gophist vjiz hiv tuni seotit." Ximm, xjev og vjiz'si e qacmod tdjuum viedjis desszoph tvafipv muep ficv, dsifov desf ficv, epf vjiz jef vu qasdjeti e atif des (tvomm 400$/nu sohjv pux) katv vu hiv vu xusl?

Puv opjisipvmz cef qiuqmi cav pux xovj opgmevoup mieqgsuhhoph vji neslivt epf dutv ug mowoph johjis vjep iwis, vji dsedlt esi tvesvoph vu castv epf e muv ug qiuqmi esi tvadl op moncu. Vjev 70t/80t nipvemovz ug vjsuxoph nupiz opvu e df/neslivt katv fuitp'v eqqies vu ci woecmi apmitt tuniupi jet miwisehi epf e jigvz enuapv vjiz dep vjsux fuxp vu hiv ov vu tvesv hsuxoph eteq.

O tloqqif siefoph nadj ug vjot vjsief, epf qsiwouatmz emsiefz effsittif tvezoph exez gsun gopepdoem efwotust epf xsuvi aq ep opvsufadvusz qutv up FOZ opwitvoph JISI.

Vjeplt gus vjot upi GF, tex vjot vji uvjis fez epf zua huv "Uqip ep edduapv epf tvesv opwitvoph e djapl ug djephi iedj nupvj" upvu nz motv gus vjot zies