When to Hire an Advisor - Amberly Grant | MHFI 222
Doug and Amberly discuss the ins & outs of when to consider using a financial advisor. They explore the pros & cons of working with advisors, fee structures, the importance of fiduciary responsibility, how to avoid bad financial advice, and complexities of DIY financial management. They share personal stories and experiences to illustrate the discussion, including Doug’s past mistakes with an advisor and Amberly’s insights from hosting financial discussions & events. Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI) Want to support our new business venture, financial advisor/fiduciary hats? If so, head over to Buy Me A Coffee. Links (*Some affiliate links so we might earn a commission if you buy something) Connect with Amberly: AmberlyGrant.com FinTalks FinTalks Cruise Instagram Facebook “Jump In Feet First” podcast Elizabeth on MHFI episode 212 Amberly on MFHI episode 216 Wealthsimple Jeremy Schneider/Personal Finance Club “Types of Advisors” “The Fees Add Up” “Cost of Advice?” Northwestern Mutual Conflict of Interest brochure Northwestern Mutual Conflict of Interest brochure (Marked up) Denver Asset Building Coalition Brian Feroldi on MHFI episode 213 Downshift Financial Nectarine, Advice-Only Financial Advisors FeeOnlyNetwork JL Collins, “Simple Path to Wealth” Kindle Hardcover Paperback Audiobook Mark’s Money Mind Podcast CampFI EconoMe Conference Mile High FI Facebook Group Doug’s site Carl’s blog: 1500 Days — Join the Mile High FI Club – It’s our email list!
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Show Notes
Doug and Amberly discuss the ins & outs of when to consider using a financial advisor. They explore the pros & cons of working with advisors, fee structures, the importance of fiduciary responsibility, how to avoid bad financial advice, and complexities of DIY financial management. They share personal stories and experiences to illustrate the discussion, including Doug’s past mistakes with an advisor and Amberly’s insights from hosting financial discussions & events.
Be sure to check out the new GhostBed Massage Topper. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)
Want to support our new business venture, financial advisor/fiduciary hats? If so, head over to Buy Me A Coffee.
Links
(*Some affiliate links so we might earn a commission if you buy something)
- Connect with Amberly:
- Elizabeth on MHFI episode 212
- Amberly on MFHI episode 216
- Wealthsimple
- Jeremy Schneider/Personal Finance Club
- Northwestern Mutual Conflict of Interest brochure
- Northwestern Mutual Conflict of Interest brochure (Marked up)
- Denver Asset Building Coalition
- Brian Feroldi on MHFI episode 213
- Downshift Financial
- Nectarine, Advice-Only Financial Advisors
- FeeOnlyNetwork
- JL Collins, “Simple Path to Wealth”
- Mark’s Money Mind Podcast
- CampFI
- EconoMe Conference
- Mile High FI Facebook Group
- Doug’s site
- Carl’s blog: 1500 Days
—
Join the Mile High FI Club – It’s our email list!
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl’s Blog about Early Retirement
Email us here: [email protected] or [email protected]
0:00 Introduction
3:27 Definition of financial advisors
9:14 Fees
16:22 Two hats
22:13 Sleep issues
27:35 Pros of working with financial advisors
38:12 Cons of working with financial advisors
44:27 When a financial advisor is useful
53:20 When DIY might be better
57:25 FinTalks Cruise
1:03:47 Soundcheck – Laid back with rules