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Do You Hire a Personal Financial Advisor?

A man on a US dollar bill.

I read the article ‘Are you suffering from financial phobia‘ on The Star Online.

Do you have a financial phobia?

I believe there are quite a number of people out there who are a financial phobia. What I meant here are people who had sweats all over when talking about a money matter.

Based on the article, what the writer said is very true. Everyone must devote some time to manage our financial matters rather than to avoid them.

After all, it is our responsibility to do so.

We cannot expect our spouse or another family member to manage our finances for us. Instead, we must learn to take up responsibility.

Do you hire a personal financial advisor?

This article leads me to wonder whether you hired a personal financial advisor or consultant to manage your financial matter.

Personally, I did not hire a personal financial advisor or consultant to take care of my financial matter. But I do invest through unit trust consultants.

Why I didn’t hire one? Because I think, at the moment, I still can manage my finances on my own.

Even if I hire a personal financial consultant in the future, I still think I will not let him take full charge of my financial matter.

I will prefer to get some advice and at the same time learn from him on how to better manage my finances rather than let him manage my finances.

The reason behind this is because I strongly believe that I myself know my financial situation better.

Furthermore, I cannot rely on him 100% because he has to take care of his other clients too.

Final thoughts

So, do you hire a personal financial advisor or financial consultant to help out with your financial matter?

Feel free to comment below.

Read more: Roadmap To Financial Freedom by Yap Ming Hui

photo credit: Cayusa via photopin cc

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