Here are the Ten Commandments for achieving strong financial health.
The Ten Commandments:
- KNOW HOW IS YOUR ADVISOR IS PAID. It really does matter because the quality and kind of advice you receive is a result of how your advisor is paid. The best model for receiving investment and financial planning advice is the Fee-Only Advisor model because this kind of advisor has a Fiduciary obligation to put your needs first. Other types of advisors and brokers do not necessarily need to put your needs before their own.
- IT’S NEVER TOO LATE TO PLAN. It’s never too late to benefit