A certain quote from the hilarious Tina Fey movie ‘Baby Mama’ is perhaps the best way to describe to you the biggest reason you should consider putting your trust in a financial advisor. But first, some back-story; The basic plot of ‘Baby Mama’ focuses around a woman who is unable to become pregnant, and after many tries decides to look into using a surrogate mother to have a child. She is a little hesitant, however, because the whole idea of surrogacy strikes her as kind of weird and science-fictiony. When she visits Chaffee Bicknell (Sigourney Weaver), the owner of a surrogacy agency, Chaffee says to the protagonist, Kate (Tina Fey), “We don’t do our own taxes anymore. We don’t program our computers. We outsource. And what is surrogacy if not outsourcing?”
Kate replies, “Wait, you’re not saying that my baby would be carried by some poor, underpaid woman in the third world?”
Now, if you replace ‘surrogacy’ with ‘financial aid advisor,’ the basic message of the scene rings through (and in a lot less awkward/ cheating science and biology way). There are many things in our society that we have deemed too complicated or unpleasant to do ourselves, so we hire trained professionals to do them for us. By the way, if you hire a financial advisor, they will not be a poor underpaid woman in the third world either. They will be a paid professional who has gone to college and been trained in every aspect of financial advising.
Money management is one of those very complicated things to do while also having a full time job and simultaneously running a household. Investments are confusing, stocks are hard, and 401ks and other things like that can seem impossible. If you want to have these things set up correctly without personally putting in blood, sweat, and tears, hire a financial advisor.
Financial advisor’s jobs are to help you meet your financial goals, which you will discuss and plan with them. Financial advisors will come up with a plan for you to reach your goals because they are highly trained experts in the field of money management. They know exactly what to do to help you get the most out of your money, meaning they can structure your finances in the most effective way possible. Who wouldn’t want to make the most of their hard earned paychecks?
Overall, it makes a lot of sense to have a financial advisor because it is impossible to do everything yourself and still enjoy life. As Chaffee Bicknell eloquently points out in ‘Baby Mama’, we don’t do hard things for ourselves anymore. We outsource because we can. It is “difficult to find the time to prioritize personal finance”. So, if you have the means to have a financial advisor, why not just go for it? Using the services of one will only help your entire financial situation, and with the added bonus of more free time and less stress time, what would motivate a person not to at least look into the services of a financial advisor?