Being confident in your financial well-being is the cherished dream of almost every person. This is especially true for people with families and children, i.e. people who are financially dependent on them.
To achieve the financial well-being of a family, it is not enough just to try to earn more. It is also important to properly distribute your cash flows. It would seem, what is difficult here? Pay for loans, rent, rent, buy groceries and everything you need for life, and then just put it off!
But in reality, the distribution of family budget funds usually turns into sheer chaos. Often, an adult is not even able to immediately answer how much money he has in his account now, how much his money brings him and does he have a plan for where this money should be directed?
The thing is that every day we have to solve many routine tasks. And the competent distribution of finances is an important task, but, alas, as a rule, families spend the least amount of time on solving it.
How can a personal financial advisor help you?
This is where personal financial advisors come in handy . Their role is not only to indicate to a person for what purposes and how much money he needs to save.
If we set short-term goals, such as buying a car, then we ourselves can determine how much money we need. But with the determination of the amounts for long-term planning, for example, how much money we need to save for the education of children or for a happy old age – here, most likely, you will need professional help.
For example, a personal financial advisor from Premier BCS will help determine the strategy to achieve this goal in the most optimal way: those. in the shortest possible time and with minimal costs.
A personal advisor will tell you which financial intermediaries should be entrusted with your funds and which ones should be avoided. What financial instruments, in addition to a bank deposit, are suitable for you and what profit they will help you to earn.
He can also evaluate your family assets and suggest which ones can be used more profitably, and which ones (unnecessary and too expensive to maintain) are better to sell at all.
In addition, a personal financial advisor will help you do the dreary work of optimizing your liabilities : for example, restructuring loans or refinancing under more favorable conditions. He will also tell you what will help you improve your credit history if you are looking to get a large loan.
The practical result of the work of a personal financial advisor is always drawing up a personal financial plan (LFP) – a detailed “route” to your financial goals! This is not just a list of goals, amounts and instruments. This is an accurate mathematical calculation that proves that your financial goals can indeed be achieved within the time frame you need.