YOUR MOST EXPENSIVE ADVICE IS THE FREE ADVICE YOU RECEIVE FROM FINANCIALLY STRUGGLING PEOPLES, YOUR FRIENDS OR RELATIVES.
(Robert Kiyosaki)
Financial Advisor is a professional who renders investment advice and financial planning services to individuals, businesses and governments. But the question is do we really need them to plan our financial statements. If someone ask me this question 20 years back may be I say yes but now when we are in Informational age when every thing is just a click away from you, I will not recommend anyone to hire or take any advice from any financial advisor.
If the people like Bill Gates, Warren Buffet, Mukesh Ambani, Rattan Tata, Laxmi Narayan Mittal advise you on your financial matters its sounds great and worthwhile because all of them are billionare, But a person who just completed his management garduation or working with some insurance and investment companies is not so competent to manage yours financial goals. It sound ridiculous if he say so because he might be belongs to some middle class family or might be upper middle class which according to you is Richer class.
Never get in trap with these kind of people. They are not so intelligent to advise you on your financial matters they are just concerned with their comission they will get if you follow their instructions (espically the LIC agents).
Later we discuss in this Blog what is Poor, Middle Class, Rich and Ultra Rich.
