Personal Finance - What Is Personal Financial Advising?

So the answer you are looking for as you read this is "What specifically is Personal Financial Advising" This term means different things to different individuals and I'm here to inform you about what Personal Financial Advising is and how it can help you on your way to personal financial freedom.

The NAPFA defines Personal Financial Advising as a situation where industry professionals help people to manage their money for both the the near future and long term by helping them in deciding which stocks, bonds, and mutual funds to invest in. This is an excellent definition of Personal Financial Advising in general terms but does explain everything.

Personal Financial Advising services are used when someone needs assistance in managing their money but does not have the time, knowledge, or resources to do it in the most effective way.

The goal of a Personal Financial Advisor is to help their customers in attaining all of their financial goals. A Personal Financial Advisor should be involved in all areas of a customers financial situation beyond their day-to-day situations. In doing this one might be involved in helping customers invest for retirement, invest for a child's college, make the proper general investment choices, or even help with home loans (mortgages) or car loan advice.

When people uses a Personal Financial Advisor there is often a charge associated with the use of services. Often times though the charge is greatly outweighed by the financial gains one sees from the advice they receive.

In the end Personal Financial Advisors are just as they seem. They are simply advisors who give clients advice on how they should handle their finance so that their money works for them instead of them working forever because they don't have any money. When it comes down to it, it is ultimately the individuals decision on how they want their money to be handled. Personal Financial Advising is a great tool for anyone who wants to experience financial freedom but does not have the knowledge, time, or resources to do it on their own.

I hope this article has at least give you an idea of what Personal Financial Advising is. This article was very brief on the topic of Personal Financial Advising and a book could most certainly be written to explain it in full detail.

Jesse Chettle is a self-made Personal Financial Advising expert who specializes in giving out free Personal Financial Advice over the internet. You can visit his blog Personal Finance: Financial Freedom to learn more.

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