This myth debunked: You don’t have to be wealthy to hire a financial advisor

This myth debunked: You don’t have to be wealthy to hire a financial advisor

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There’s a big misconception that financial planning is only for the wealthy. The truth, however, is that financial planning is a path for anyone to actually gain wealth.

The objective of financial planning is to get people to their desired life goals. It doesn’t matter when you start or how much money you have, experts say. All that matters is that you get to those final goals.

Traditionally, many advisors charge you a percentage – say, 1% – of your assets under management with them, and so if you don’t have $250,000 or $500,000 to fork over, you may not appeal to them.

Read more at CNBC

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