Reason for this Goal: Find a financial adviser, mentor or planner to help you achieve your financial goals and ensure you remain focused to achieve your investment goals. You can also find a local investment club, or group, that specializes in buying investment real estate or investing in other asset classes, in your local area. While you can just go it alone, working with people and learning from their mistakes can save you a lot of time and costly errors.
Types of financial advisers and investment clubs available are . . .
Take these steps to find a good financial adviser:
A good financial adviser should be able to help you with the following:
UPDATE: SINCE WRITING THIS GOAL, MY WIFE AND I FIRED OUR FINANCIAL ADVISER, OPENED UP OUR OWN ON-LINE STOCK TRADING ACCOUNT AND ARE MANAGING OUR OWN MONEY. WE HAVE DEVELOPED OUR OWN LONG TERM INVESTING STRATEGY BASED ON OUR OWN RESEARCH WHILE CONSIDERING THE FOLLOWING:
- Most financial advisors promote over diversification and rely on excessive management fees. Following the advice of Warren Buffet (world recognized expert investor), "diversification is for people who don't know they are doing". Find 2 or 3 companies (or index/ETF funds) who are changing the world and who are run by great leaders and invest for the long term.
- There are some very qualified youtubers providing valuable investment advice for free (some with a members Patreon account for more personalized advice)
Your financial future will be significantly impacted by maximizing your investment returns. It is worth your time and effort to manage your own investments. No one will care for your money like you will. This could make a HUGE difference in your lifestyle and retirement!
The people you associate with, who help you, will to a large degree impact your financial health. Taking the time to find the right financial mentor, advisor, investment club, or on-line financial services company is a great way to be mentored by success-minded people, and will give you the confidence to act. Good planners and investment groups will have regular meetings, training classes, monthly newsletters, and member websites for you to learn from. Make sure you consider the fees and management expense ratios associated with your financial advice, as the impacts to your financial results can be enormous.
Suggested Goal(s): Find your financial adviser or mentor, meet with them regularly, and start investing.
Your Outrageous Goal: Become a contributing member of an investment club that helps others.
Return to financial goals.
Last Updated: November 17, 2021