There are many people around the world that are finding it tough financially. With the present state of the economy, the stress of finances is enormous. Many people are looking for financial advice so that they can get back on track financially. You may be interested in this article if you are looking for free financial advice.
Have you ever heard the expression ‘you get what you pay for’? Well there is a lot of truth to that statement, but it isn’t necessarily because all free advice is bad, you can get paid advice that is bad too. Basically, with whatever advice you get, whether paid or free, you also need to use your own common sense and really think about the advice that you are given.
Source of the Advice
You will want to check the credentials of any financial adviser that you seek advice from, regardless of whether it’s free or paid advice. Although it is possible to have an advisor with good credentials give bad advice. You want an advisor that really looks at your personal situation and offers advice according to you, as advice that is good for one person may not be good for another.
It is advisable to talk to more than one financial advisor and then compare the different advice that you receive. You can get several different opinions and points of view and either combine some of the points or choose which advice will suit your needs.
Good Places to Seek Financial Advice
If you are looking for free financial advice, then you can start by looking at the following places. Just be sure to keep the above points in mind when seeking help.
- Your local bank or credit union is a good place to start looking for financial advice. Some may offer free advice and if not, they may be able to recommend a good local organization.
You can also check your local paper, the phone book or even at the local library for good financial advisors. Try asking around too, your friends and family may use a good financial planner themselves that they can recommend.
Some planners will help on a sliding scale and may be able to give you some help for no or little cost. It certainly doesn’t hurt to ask.
- It is best to find an advisor that is local but if you can’t seem to find one locally then you can try online. If you do take financial advice online though you need to do so carefully as you just don’t know who you are dealing with on the internet. Some companies will advertise free advice, but you will often find that once you begin to get involved, they may begin to request fees for this and fees for that.
Or along with the advice they may also try to sell you their own products or services. When you look for financial advice online make sure you ask lots of questions and be careful about giving out personal information. Some companies may look like good financial advisors, but they may be nothing more than someone trying to sell you something.
One piece of advice you should really take on board is to check with your local Better Business Bureau to see if a company has had any complaints filed against them before you get involved with the company. You can do this with both online and offline companies.
You need to remember that not everyone is honest and there are people out there that are just after your money or just doesn’t take the time to understand your specific needs. Always use common sense when looking for free financial advice and if you feel that something just doesn’t seem quite right then it probably isn’t, so just walk away and find someone else.