Reasons for Not Meeting with a Financial Professional (and why you should)
We’ve all had bad experiences and most of us don’t like talking about money but we have to if we ever want to buy a home, retire, or save for other life events. Sometimes that means meeting with a financial professional to talk about your life and financial goals.
Here’s why you’re not setting a meeting and why you should.
Reason #1: Financial professionals cost too much money.
The reality is that you can come to me for a review of your accounts and it won’t cost you anything except your time. Often I meet people who may not need me but they need an estate planning attorney, personal financial coach for budgeting, or an accountant for taxes. I have resources to which I can refer you.
Reason #2: I don’t have enough money to invest.
Whether you work for a company or run your own business, I recommend keeping a budget so you understand income and expenses. (And if you’re already working with Fiscal Fitness, you know all about budgeting!) If your expenses exceed your income, it’s time to make changes to spending but if you have extra income, it might be time to invest in your retirement or save for a big purchase like a new home or vehicle.
A financial professional can help you find the best way to save and grow your money.
If you’re investing in your employer’s 401k plan, you may have more retirement money saved than you think. Often I meet with people who never open statements, go online to check account balances, or review mutual fund selections. It’s a good idea to schedule time with a financial professional to review your account and to look at other ways to save for retirement.
You may be maximizing employer sponsored plans. If that’s the case, it’s time to consider options like a traditional IRA where you can continue to save for retirement.
Reason #3: Money or financial planning is intimidating.
No one likes to talk about money. It’s emotional and often we’re embarrassed by debt or lack of savings. There’s no better time to start saving and spending wisely than today. At Heritage Financial Strategies, we make money fun. At your first appointment we will get to know each other and review your accounts. That’s it.
Reason #4: Financial professionals want to sell me something.
When we first meet, I promise that I won’t try to sell you anything. We’re really on a mission to see if we could work well together, like a job interview. We ask each other questions and it’s up to you to decide if you want to work with me.
Reason #5: I’ve had a bad experience with a financial professional.
Unfortunately, as in many industries, there are people who give financial professionals a less than favorable reputation. There are also people like me who want to help you meet your financial goals.
Think about it this way. If you had stopped dating after your first bad date, you never would have met the love of your life.
It’s time to step out and meet me, the financial professional who will make money fun and help you reach your financial goals.
Shanna Tingom, AAMS® is an independent financial professional and the founder of Heritage Financial Strategies. Her specialty is working with female entrepreneurs, business leaders, and individuals experiencing life transitions.
A veteran of the financial services industry, Shanna was 19 years old when a meeting with a financial advisor revealed her purpose and passion. The advisor dismissively reached across the desk, patted her on the head, and said, “Don’t worry sweetheart. Your husband will take care of this money stuff for you someday.” Since then, Shanna has built a career out of helping others take charge of their financial future.
Shanna keeps active as a member of the Gilbert Small Business Alliance and Gilbert Chamber of Commerce. She also enjoys traveling with her husband, Eric, and spending time with her two Cavalier King Charles Spaniels, Oliver and Princess.