The Benefits of Working With a Financial Advisor

There are so many benefits that come with working with the right financial advisor.

There’s a big misconception about financial advisors. Despite the fact that they can help people in many different ways and with many different financial situations, many people believe that only the ultra-rich need to work with one. Today, I hope to shed some light on how just about everyone can benefit from working with the right financial advisor.

5 Benefits of Working With a Financial Advisor

#1. Gain a better understanding of where you’re at.

Where you’re at financially involves so much more than just how much money you have in the bank. And, no matter how much money you make, it’s important that you have a clear understanding of exactly what financial stability looks like to you.

If your financial situation feels hopeless — if, for example, you have a lot of debt — the idea of sitting down and taking a look at the numbers can feel incredibly overwhelming. But, it’s important to realize that, whether you ignore it or not, your financial situation won’t change unless you do something about it. And, in order to do something about it, you need to know where your starting point is.

Having the right financial advisor on your side will not only help you gain the full picture of what your current financial situation looks like, but they’ll help you figure out how you got there by helping you understand your spending habits.

#2. Figure out what your financial goals are.

You may already have an idea of what your financial goals are, and you may not. Either way, your financial planner can help you determine whether those goals are realistic or not. They’ll also be able to guide you in setting other goals to help you reach financial stability.

Whether you want to plan for retirement, start investing, or get out of debt, simply having a goal isn’t enough. You also need a plan to reach that goal, and your financial advisor can help with that, too. They’ll tell you which steps you need to take, and they’ll help you stay on track while you take them.

#3. Get help on a variety of financial issues.

A lot of people are under the impression that only wealthy people who are investing in the stock market can benefit from working with a financial planner, but the truth is that financial planners can help with a wide range of financial issues.

Here are just a few of the things a financial planner can help you do:

  • Prepare to buy or sell a home – Buying or selling a home involves large sums of money, as well as many financial decisions. A financial advisor can help you determine how best to leverage your assets. They can also help you figure out exactly how much debt you can afford to take on.
  • Plan your estate – What will happen with your assets when you’re gone? Your financial planner can help you determine where your assets should go, and when you pass away, they’ll work with your lawyer to ensure that your instructions are carried out.
  • Plan your finances after a divorce – If the emotional toll of divorce wasn’t enough, many couples also have to figure out how to split shared assets and finances. Your financial advisor can work with you to financially adjust to your future without your spouse.
  • Retirement planning – Whether you’re planning on retiring in 10 years or 50, a financial advisor can help you get on the right track for a comfortable retirement.
  • Prepare your finances to start a family – Having a child isn’t cheap. In fact, the average cost of raising a child for the first 17 years of their life is $233,610, $284,570, when you consider inflation, and that doesn’t even include college tuition. Your financial advisor can help you navigate the costs of raising a child.
  • Prepare for the costs of long-term care – No one plans on ending up in a nursing home or needing in-home care, but it’s a reality for many people. If you need long-term care of any sort, even if it’s just for a few months, you could end up burning through your retirement savings faster than you might think. A financial planner can help you prepare for that.
  • Plan your taxes – Your financial planner will generally have a much better understanding of your full financial picture than an accountant will, and they can help to protect your assets from tax mistakes that could cause serious damage.
  • Help you decide what to do with a windfall of cash – Maybe you’ve received a large inheritance or a large payout from a legal settlement. In any event, figuring out what to do with a sudden windfall of cash can be difficult, and it’s easy to get it wrong. A financial advisor will help you figure out where to put it and what to do with it.

These are just a few of the many, many ways a financial advisor can help.

#4. Take your emotions out of the equation.

If you’re looking to invest in the stock market, it’s always a good idea to have a financial advisor on your side. Why? Because when you have skin in the game, the rising and falling of the stock market can be a very emotional thing, but if you let them, your emotions can get you into trouble.

When you see the stock market plummet, it can feel like your hard-earned money is evaporating into thin air, and the visceral fear that it creates can lead to making the wrong decisions. The right financial advisor will help to keep you calm and direct your decisions. They know that the market goes up and down, and they’ll help you keep your emotions in check while riding out those ups and downs.

#5. Gain more peace of mind.

It’s not always easy to know what the right thing to do is with your finances, and that uncertainty can be stressful. Having someone in your corner who has experience and know-how can go a long way toward helping you reach peace of mind in your finances.

Working with a financial advisor is beneficial in so many ways, but it’s important to note that not all financial advisors are made equal. Finding the right one for you is important, and luckily, Top Rated Local® is a great place to start your search.

When you look for a financial advisor near you with Top Rated Local, you’ll be able to read financial advisor reviews from across the web, and you’ll be able to easily compare advisors based on their overall Rating Score™.

Start your financial advisor search with Top Rated Local today!

Finding A Hassle-Free Installment Loan in Ontario

We have all been there. Suddenly, and without any warning, you have a surprise expense that far exceeds the amount of money you have in your savings account. Maybe you have been planning that once-in-a-lifetime dream vacation for the last few months, and now that you finally have enough time to take off from work, you find that you don’t have the money you need to cover the cost of the trip. Or maybe have been planning the wedding of your dreams only to realize that you are thousands short of the money you need to fund your wedding expenses.

Four Tips for Finding an Installment Loan That’s Right for You

Regardless of how your big plans have fallen short of the money you need to fund them, an installment loan is a great way to get the cash you need when you need it most. Here are some helpful hints for finding a hassle-free installment loan in Ontario to cover any big expense.

Tip #1 – Cash Loan Amounts

Find cash loans that offer what you need. Get the amount you desire, but don’t get stuck borrowing more than you need. Keep in mind that once you pay off your loan, you can always apply for more money when you need it. As an added bonus, you’ll build good credit by making regular payments on time,

Tip #2 – No Hidden Fees

Do your research when searching for an installment loan to ensure you avoid paying unnecessary fees. Some money lenders charge an application fee, sneak in other hidden fees, and charge costly insurance fees, which means you will pay more over the life of your loan.

Tip #3 – Affordable Payments

Find an installment loan that offers realistic repayment terms. Choose a lender that offers fixed payments, fixed rates, and no prepayment penalties, so your loan payments never go up.

Tip #4 – Look At Ratings and Reviews

Always do your due diligence by looking at a money lender’s ratings and reviews, which can tell you a lot about a loan company. Choosing a lending company that has excellent customer service ratings and shining customer reviews can make the entire loan process stress-free.

Find An Installment Loan Near You

Following these simple hints can lead to a big payoff for you. The key is to work with a reliable and transparent money lender that offers a simple loan application process, relaxed credit requirements, and sensible repayment terms to match your budget.

Cash 4 You is the number-one money lender in Ontario that offers all of these perks and so much more. That’s because they want to make the entire loan process quick and painless for you, so you can get the instant cash you need to fund all of life’s adventures. When you apply for an installment loan for your chosen amount of up to $15,000, they offer a fast and easy approval process and you can get your cash-in-hand the same day. What’s more, there are no application fees, no costly insurance fees, and no surprise charges, which means you will pay less over time. Cash 4 You has more than 100 locations across Ontario, so drop by and see them for a personal loan that just makes sense.

Choosing The Right Lender For A Payday Advance

When you need cash fast, one of the easiest ways to get it is through a payday advance. But a far harder challenge is finding the right payday lender. No matter where you look, you’re sure to find a litany of lenders, each offering their own take on this useful personal loan. But even though they’re all offering the same thing, they’re doing it in very different ways. So how are you to choose the right payday lender for you?

Start By Scrutinizing the Website

In this day and age, there’s no reason for a business not to have a nice looking website. If the lender has a storefront, but no website to be found, then it’s probably a good sign you shouldn’t do business with them.

Once you’re on the site, take a look around. Look for consistent messaging between pages about their services, rates, and other products. Be on the lookout for little things like misspelled words or strongly constructed sentences. These could be signs that the lender isn’t as legit as they’d like you to think.

Look Into Their Reputation

Using Google reviews, or even the reviews here on Top Rated Local®, is a great way to find out more about the lender. If people feel that the rates were too high, or the repayment schedule too tight, you’ll hear about it on the reviews. Look for money lenders that are reviewed highly and are known for being polite, professional, and helpful.

Figure Out How Much You Need To Borrow

Some lenders have caps on how much you can borrow, like $1,500 at a time. While you might jump at the chance to take out as big of a payday loan as you can, it’s important to remember what the loan is for. It’s to substitute your income in a pinch, not supplement it. Remember that you’ll have to pay this loan back in a week or two on your next payday.

Make sure you’re only borrowing as much as you need. So if you’ve got an unexpected bill that simply can’t wait until payday, take out a cash advance for that amount. That way, when payday does arrive, you can quickly repay the loan. The right lender won’t push you to take out any more than you need or can afford.

Find Out More About the Rates and Fees

With a loan figure in mind, it’s time to start asking the lender about fees and rates. They should clearly outline these fees and rates in the loan agreement and should also take the time to explain them to you. It’s important to understand these numbers, as they will impact how much you actually have to pay later. You don’t want to get a great loan but then get nailed by high-interest rates or hidden fees.

Find the Right Lender For You

Finding the right payday loan lender in Ontario is easy when you visit Cash 4 You. With more than 100 locations across the province, you can get a payday loan as soon as you stop by! Find out more about their payday advances then get the money you need when you need it.