While personal finance is a private matter, it isn’t a journey that you have to face alone. In fact, outside support can make all the difference on the road to financial freedom. But only if you know where to look.
Support can come from several sources. While they won’t all feel relevant to you, here are five personal finance professionals who could make the journey ahead feel far smoother.
5 Personal Finance Professionals Who Can Help You
1. Attorneys
Legal support can aid your financial health in several scenarios. A personal finance professionals team like Laffey Bucci D’Andrea Reich & Ryan could help you gain compensation after an accident that wasn’t your fault. Alternatively, legal representation can be the key to financial justice in a divorce or after a medical malpractice. Either way, experts give you the best chance of securing the outcome that you deserve. It can be worth several thousand of dollars.
Their support also allows you to take a backseat role, meaning you can focus on progress in other areas, too.
2. Mentors
If you want to improve your financial situation, earning more money is almost essential. Educators and advisors can be your greatest asset. It could mean hiring a tutor to learn valuable skills that boost your prospects. Or you may focus on working with a business mentor to finally get your startup up and running. Their experience and expertise can be your springboard for success. Not to mention the fact that taking responsibility leads to motivation.
Whether you’re looking to take your primary career to the next level or create another revenue stream, you don’t have to face it alone.
3. Investors
If additional revenue streams are the goal, you needn’t even limit yourself to side hustle. Smart investments are the perfect way to grow your wealth. It’s great for retirement planning while liquid investments give you a safety net if you ever need it. Professional services like BlackRock can take care of the hard work for you. The risks are smaller than backing your own ill-informed hunches while your wealth grows in the background.
Alternatively, you can follow the top performing traders on your favorite stock exchange platform. Just be sure to adjust the investments to suit your capital levels.
4. Accountants
Earning more money obviously gives you a stronger starting point. But financial stability also relies heavily on your ability to retain capital. Accountants can review your full financial situation to reduce tax commitments. And look at tax relief initiatives. While you will pay for their services, the savings they produce will easily cover the expense. Better still, those savings are achieved without any effort on your behalf.
The fact that your taxes will be completed in a legally compliant way also provides peace of mind. You’d be a fool to ignore it.
5. Daily Service Providers
Finally, hiring workers to support you in daily life could be one of the smartest moves that you ever make. This could include cleaners, cooks, gardeners, or personal assistants. At a glance, this feels like an added expense. In reality, there’s a good chance that you could earn more than they charge by working those hours. When coupled with the fact that they produce better results in quicker times, it becomes a no-brainer.
This isn’t an option for everyone. For high earners, though, it can be one of the most effective routes to improved financial health and a better quality of life.
