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Things No One Told You About Choosing A Financial Mentor

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Things No One Told You About Choosing A Financial Mentor

By: Cameron Stein

Mentor (n): A wise or trusted advisor or guide.

Everyone has or has had a mentor in their lives. They could be our parents, friends, spouse, or partner in life or business. These gurus are there for us to answer questions, solve some of life's perplexing mysteries and show us the right path to take to meet our goals.

We never outgrow our need for a mentor this is true. What happens though is as we mature our mentors are required to take on different characteristics. We began life with someone to show us how to walk, talk, dress and behave. Later on, we turned to a mentor who could show us how to reach our career goals and then turn our earnings into a secure future for ourselves and our families. They led us along life's road to finally reach our goals and the life we wanted to live. They taught us how to achieve the financial goals and security we always imagined would be ours.

Financial Mentors are a Dime a Dozen

Many times during the year I get together with fellow freelancers who have kissed the corporate world goodbye. It is a source of constant amazement to me that so many of these people now focus on helping others reach their goal of a secure financial future.

The fact is there are a bunch of financial advisors out there yours for the taking. They are everywhere: On the net, the phone book even knocking on your door. They'll even corner you on the street if you are walking slowly enough.

All these folks will tell you that they are financial advisors. This doesn't make them good ones and certainly doesn't mean that they have the right experience behind them to help you out.

The fact is that anyone nowadays can call themselves a financial mentor, or consultant or advisor or whatever. There was a time when a person could only claim the title of financial consultant if they had a solid background of knowledge and experience. Now anyone can add financial consultant to the end of their name and become an instant financial advisor.

Selecting the Financial Mentor that will do you Good

You may have already come to the conclusion that the consultant advising the Fortune 500 CEO in the building next to you may not be the right mentor for you. That financial person is so geared to dealing with people in such a different investment league than your own, he will not have the background best suited to your financial needs.

You want to get yourself a financial advisor who is willing, able and experienced with individuals in your situation. A person beginning his career that need a firm, experienced guiding hand from one who has been down that road himself. An advisor who has far more than book learning on how to take you from where you are to where you want to go.

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