Trust and peace of mind are among most people’s top priorities. The point of hiring a financial advisor is to minimize the level of worry and stress you experience with your investments, while allowing a trained professional to do what they do best. Ideally, this trained professional can communicate objective truths about your ability to achieve your financial goals, giving you not only peace of mind, but also a clear path toward financial success.
Is it worth paying a financial consultant or financial planner to invest your money in the market, or are you better off investing on your own and avoiding the management fee?
I believe the real reason debt creates stress is because it’s an unfinished project looming in the distance. Sadly, I see so many physicians and dentists, driven by this irrational pressure, unwisely throwing every dollar they have at debt as a way of self-medicating the anxiety. They panic and, because the thoughts about debt have consumed their minds for so long, they believe the only way to mental freedom is to get rid of it as quickly as possible. I propose a different solution.