As I was preparing to write this article, I mentioned in the office that I was going to be focusing on saving and debt. I got a puzzled look from a team member. “Um, Dave, it’s the month of Valentine’s Day. Are you sure you want to talk about death?”
We had a good laugh, and while it’s true that you’ll save money and yes, eventually die, there’re are quite a few places in between where you’ll likely take on some debt to help you move through life.
After two decades in this business, one of the most common questions I hear is, why should someone hire a financial advisor? Why should someone pay for this service that my team provides? These questions frequently come from DIY investors who work part-time as their own advisor, whether or not that’s something they’re trained for (it never is).
When it comes to how much you should save up in your emergency fund, there’s all kinds of advice available out there about this topic. We’re not going to waste either of our time – go ahead and Google it! I guarantee you that, based on that search and how conservative you are or aren’t, the answer to that question is going to be different. That’s the beauty of Google – they learn the personality of the person searching and give you the information you want to hear.
Before I start on my comments about what’s been going on, I want you to know that I’ve been working on what to say for the last 30 days. Now that we’re a month into the year, I can add some color to what we’re seeing.
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