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  1. What is a financial planner?
  2. Can my broker do the same things as a financial planner?
  3. Do certain types of financial advisers have better financial products than others?
  4. Should I only do business with a certified financial planner?
  5. Where can I find a qualified financial planner in my area?
  1. What is a financial planner?
    A financial planner is someone who generally does not sell you individual investments but who will program all your assets in a unified plan. To deal with current needs right through your retirement, financial planners will structure your insurance, tax strategies, college-funding needs, and retirement planning. They can assist in estate planning and may even negotiate home mortgages.
     
  2. Can my broker do the same things as a financial planner?
    Some brokers will do the same job, but they're harder to find. Also, the terms account executive, investment broker, and financial consultant are nothing more than stockbrokers.  In fact, because there are no legal restraints as yet, almost anybody can call himself a financial planner.  Make sure you find a planner who has had the educational training necessary to become one, be sure the word certified or chartered is in front of the words financial planner. Those terms say something about the person's training but not necessarily about his or her competence. Keep in mind that the probable success of your financial adviser is not dictated by a designation but rather by experience, an intelligent approach to finance, and other factors.
     
  3. Do certain types of financial advisers have better financial products than others?
    No! Most financial advisers are selling the same mutual funds, insurance products, stocks and bonds. The products, for the most part, are no different. The advice and the follow-up are what make the difference!
     
  4. Should I only do business with a certified financial planner?
    The designation Certified Financial Planner (CFP) does not ensure infallibility. You should do business with the investment professional with whom you have good rapport, who takes the time to answer all your questions, and who has been recommended by other satisfied clients. He may turn out to be a CFP, but it isn't critical.
     
  5. Where can I find a qualified financial planner in my area?
    You can search for a qualified financial planner on Financial Planner Association website. FPA's PlannerSearch can connect you with CFP professionals in your area based on your specific needs.

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   Always keep in mind to:
  1. Spend less than you earn! People who spend every penny they make usually end up going broke.......
  2. Take enough risk on the money you save! Playing safe by putting your money under the mattress or in a savings account will not make you wealthy..

Remember that..... Fully one-fifth of humanity, some 1.3 billion people, struggles to survive on less than $1 per day. About 40% of humanity survives on less than $2 per day. More than a billion people around the world will go to bed hungry tonight. Life expectancy in some 32 countries is less than 40 years. If you have a few extra dollars in your pocket (you don't have to be a millionaire to make a difference), please share some of your financial good fortune with others who are in great need.


Think About It...  Being in the 'now' brings a freedom, unlike living in the past or in the future, which is a kind of imprisonment. This isn't a kind of a denial where you pretend life doesn't have problems. Life is full of problems, but most of those stresses and failures are reliving old hurts or worrying about future concerns. -- Carl Honore

When you 're diagnosed with cancer, you start to bargain with God: "Let me get through this, and I'll take better care of myself. I'll get my priorities in order. I'll learn to live every day to the fullest." Isn't it sad that you have to get sick before giving yourself permission to live life to the fullest? -- Robert Schimmel Look at Life in different & Positive ways