College and pro athletes have coaches. Great coaches take promising athletes and turn them into extraordinary performers who can compete with the best. The same is true for writers. Practically everything we read, outside of self-published works, have editors perfecting the content. Why? Because even superstar writers like Ernest Hemingway and John Steinbeck had editors to challenge, push, and make their work better.
For important endeavors, having a leader, coach, guru, or whatever you want to call him or her, is vital in maximizing that activity. The average person, no matter how savvy, is not capable of acting completely as his own financial advisor without some kind of direction. Financial advice is not static and finite; in fact, it’s fluid, constantly changing with the times and erratic, unpredictable economies. Rules and regulations, governing taxes, estates, and investments, are frequently updated to reflect economic and political changes. Running parallel to these changes are changes in our lifestyles and careers. As we trek along life’s uncertain highway, we need financial advice that adapts to the changes taking place around us.
It’s the smart person in touch with and on top of a constantly changing world who realizes the need for expert advice from a trained and experienced financial advisor. As our situation changes, it’s often not one advisor who provides advice, but several, each one providing a service that’s right at certain moments in time. In short, Americans need and deserve financial advisors to help them maximize their finances, so they can fully enjoy the fruits of their hard work. To continue the metaphor above, pro golfer Tiger Woods is a good example of this. He outgrew his first coach (his father) and went on to hire professional coaches.
This story first appeared in our founder, Nicholas Stuller’s book THE TRUTH SHALL SET YOUR WALLET FREE: Secrets to Finding the Perfect Financial Advisor, published in 2018 by Post Hill Press.
An update to this article: this weekend at the age of 50, golfer Phil Mickelson won the PGA and became the oldest player to win a major. Mickelson, like all pro golfers has a coach, Australian Andrew Getson
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