Warning: session_register() expects at least 1 parameter, 0 given in /home/tiptopwe/public_html/sub-articles.tiptopweb.info/article.php on line 35
Ten Tips That Will Help You to Choose a Financial Mentor

Google
TipTop Business Web Directories - Add your sites link starting at £1


Home | Finance


Ten Tips That Will Help You to Choose a Financial Mentor

By: Cameron Stein

After your parents, a financial mentor is probably close to being the next most important person you know. This person will be the one helping to make your dreams a reality, and making that reality into money. Your financial mentor will help you to make your future, and that of your family for generations to come, financially secure and prosperous.

That's an awful lot of responsibility to hand over to one person, isn't it? That's why it's important that not only do you get a financial mentor you can trust, you also pick the right financial mentor. With that in mind, here are ten tips to help you out when the time comes for you to go hunting for that special someone.

1) Financial mentors are everywhere. Because of the proliferation of companies who employ “independent contractors” and “consultants”, financial mentors can be found on pretty much every street. But…

2) Just because someone says they're a consultant doesn't mean they actually are. Or rather, it doesn't mean that they're qualified to be. Many companies bring in independent consultants, give them about 40 hours of training, then turn them loose to wreak havoc on the streets. Look for someone with authentic credentials and plenty of experience.

3) A famous reputation doesn't necessarily mean you get a better consultant. A lot of people seem surprisingly happy to accept second-rate service from a well-known consultant, just because of the supposed status that goes with being associated with such a “big name”.

4) Select a financial mentor who's going to give you quality time. If your financial mentor isn't returning your telephone calls, taking the time to look over your investments, or can't be bothered to answer your questions, you need to find someone else who will.

5) You're not a Fortune 500 CEO. Your mentor shouldn't be either. Unless that's what you're going for. A man who advises men who run massive businesses might not be the right person to advise you on how to manage your 9-5 salary. They're used to playing in a whole different arena.

6) Choose a financial mentor that is paid by fees and not commission. Although this may be obvious, a consultant who is paid by commission may be motivated to give financial advice that isn't right for you. A fee-only mentor will be doing his or her best to earn that fee, and is more likely to point you in the right direction financially.

7) You should have ample opportunity to ask questions. Someone who bulldozes over your questions may not work in your best interest. Find a financial mentor who's going to give you the time and space to ask the questions you need to.

8) Have clear objectives in mind before you visit a financial mentor. The role of a financial mentor is to help you move forward in your financial goals. A mentor shouldn't ignore your goals, or promote his or her objectives over yours. A financial mentor who does this is not going to be the best one for you.

9) A “coffee shop” consultant isn't necessarily a bad thing. The corporate lifestyle isn't for everyone these days. Many perfectly competent financial consultants won't have an expensive office, but will still be able to help you succeed with your financial objectives.

10) A person who smiles isn't necessarily trustworthy. Yes, a mentor with a friendly disposition may be perfectly capable. But, equally, they may not. So take care, and make sure you know what you're doing before signing up on the dotted line.

Article Source: http://articles.tiptopweb.info

If you liked the previous article, you can go and take a look at more similar posts at Compound Stock Earnings or this Compound Stock Earnings Website.

Please Rate this Article



 

Not yet Rated

Click the XML Icon Above to Receive Finance Articles Via RSS!
Additional Articles From - Home | Finance
Business
Investments
Finance
Real Estate
Home Business
Wealth Building

Food and Drink
Health
Fashion
Recreation
Travel
Sign Up for a free account or learn more.
Submit Articles
Member Login
Top Authors
Submission Guidelines
Ezine Notifications
Article RSS Feeds
About Us
Link to Us
Contact Us
Privacy Policy
Terms of Service
Vote For Tiptop Web Aritcles Directory - http://www.articles.tiptopweb.info
at Top Article Directory List
 Top List

© 2006-2008 Articles.TipTopWeb.Info . All Rights Reserved.
Use of our service is protected by our Privacy Policy and Terms of Service

Powered by Article Dashboard