Our clients hire us to plan and supervise their fitness lives, primarily because they don’t know – and/or don’t want to think about – what they need to do to stay fit. Sure, they could learn about fitness on their own, and exercise on their own, but if it’s not something that interests them, it’s a real uphill battle.
In the same way, many people (myself included) don’t want to know or learn about finances and what they need to do to stay financially fit. Especially with the market craziness we’ve seen lately. So hire someone! A financial planner can help you make a plan to get where you want to go, and give you the tools to stick to the plan – just like a fitness trainer. Not to mention the peace of mind that comes from knowing the plan is in place.
Recent studies show that planners are three times more likely to be confident about retirement than non-planners. 44% of non-planners had no idea when they could retire, and 17% said they would have to delay retirement by two or more years.
I am completely uninterested in money and finances except that I want enough to live well and to retire well – and I don’t want to think about it in between. My financial planners have made that possible – even in the worst recession in many years. They proudly tell us about the moves they’ve made to safeguard or increase our assets in this challenging economy – never noticing that we can barely keep our eyes open during their recitation, until the end when we jump for joy!
Sure my wife and I could learn about investing if we really wanted to, but we don’t ! We happily delegate that chore and we feel great about having that huge part of our life well taken care of. And we don’t fight about it any more, which is really great!