A financial planner, why even?
A financial planner is a financial family doctor : While anyone can find advantages in hiring the services of a financial planner, cost is a significant part of the decision. However, the time comes when paying for financial planning turns from an expense into an investment that yields significant profits now and in the future.
What is a financial planner and why would I need their services?
A financial planner is a financial family doctor, just like your family doctor at the health fund. Who knows you best, who has accompanied you for years, who knows exactly what your problems, sensitivities and medical history are. In the case of a patient, he is the first to know. He is also the one who will broadly diagnose the problem and know how to refer you to an expert who specializes in solving that problem. Thus the financial planner acts as your financial family doctor, who knows you and your behavior best, your assets and liabilities, your expenses and income and the protections you have created against the risks in your life. He is the first to know about any financial problem or question, the one who will diagnose them and recommend action or referral to an expert from his beehive of experts. The planner, like the family doctor, controls all economic issues: defining economic goals and objectives, home economics, retirement planning, risk management, investment strategy, opening an investment portfolio in the capital market, crypto, social and alternative loans, and even purchasing real estate assets in Israel and abroad. Is it possible to imagine life in Israel without a family doctor? Thus, in my opinion, it will not be possible to imagine life without a financial planner already in the next decade.
How do you know when it's time to hire a financial planner?
Most people reach the stage where they hire the services of a financial planner only when something has happened. One or another trigger that created a situation of helplessness in economic conduct, whether it is inflation that causes money to wear out, a sudden expense that creates a hole, a loan/mortgage that has become significantly more expensive, etc. The problem here is that the best time to hire a financial planner is precisely when everything is good . That money is an asset, not a problem. That the income is stable and there is monthly savings, when there is money available for investment and you start thinking about the future and what it can enable you. Why exactly then? Because the result is much more significant. When trying to solve a pressing and immediate problem, we will always try to put band-aids. We probably won't get to the root of the problem. And then time will pass again, all will be well until the band-aid wears off again.