The Crucial 5 Questions I Ask When Choosing A Financial Planner To Become Financially Free
Hi, it’s Mey here blogging on a Sunday afternoon while the household is napping away on the important topic The Crucial 5 Questions You MUST Ask Your Financial Planner To Become Financially Free…
…first off, I hope you do have a financial planner…
…although it’s nice to think you can do it all on your own, it’s also nice to have another expert brain in the game…
…so go out and get your financial planner/advisor and then ask them these Crucial 5 Questions…
#1 Are You Financially Free?
…if you want to be free, then you want a financial planner who is also free…
…otherwise, how are they going to help you get free?
…be sure to be specific…
…is your passive income equal to or greater to your expenses?
#2 Do You Make at Least _________ in Passive Income?
…chances are, your financial planner is not financially free…
…why do I say this?
…because if they were, they wouldn’t be a financial planner…
…they would be surfing all day and raising their kids, or whatever…
…there are exceptions to this rule…
…people who don’t need the money, however they are financial planners because they genuinely love helping people become financially free…
…for instance in my case, my financial planner is not financially free…
…however, he does make at least $3,000/mo in passive income…
…which is all I need to be free…
…so even though he isn’t free, he is my financial planner because he’s done something that I haven’t been able to achieve yet and that would make me free…
…so fill in the blank with your passive income number that will make you free…
…if your financial planner does not make that number, then get another planner…
#3 How Do I Create My Passive Income Goal?
…a lot of financial planners talk about saving for retirement…
…and then you are supposed to gradually spend all that you have saved in retirement…
…this is not the road to financial freedom and will cause you a lot of stress…
…instead, tell your financial advisor that you want to focus on passive income…
…ask them what the best ways to achieve your passive income goal…
…what are the options for dividends or what if you bought an investment property or a business…
…have them focus on passive income…
#4 Do You Have Kids?
…if you have kids, then find out if your financial advisor has kids…
…what a single person does with their money is different than what a parent would do…
…you need a financial planner that understands your situation and knows how to help you…
#5 Are You Physically Fit and Healthy?
…if my planner doesn’t eat right and exercise, then how can he handle my finances?
…a planner that is not able to handle their health has an unbalanced life…
I hope these questions help you…
…they actually eliminate a lot of advisors from the running…
…however, that one that you have left is your advisor…
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