Melvin Rogers' Financial Advice Website
There is a lot that you need to know in order to make sure that you keep your finances in order and most people need help. This is why I have created this website, to help people with their finances. I am a financial advisor so this is what I do. The goal is to keep things simple and make sure that people learn the basics that they need to know.
The first thing that needs to be dealt with when it comes to financial advice is just why you need the help of a financial advisor. A lot of people don't like the idea of using one, some because they think it is an unnecessary expense, others because they don't like having to rely on somebody else to handle their money. There are however good reasons to use a financial advisor, the biggest is that they know a lot more than you do about managing money. A financial advisor will also be more objective about your money than you will be which can help keep you from making a bad decision.
When you start managing your money you are going to want to make sure that you focus on the basics first. This means that you will need to do things like make a budget and keep track of your expenses. This will allow you to make sure that you not spending more than you can afford. It will also give you a chance to see areas where you may be able to reduce your expenses. This is important as the more that you can lower your expenses the more money you will have to put towards your savings.
Saving money is all well and good but you have to make sure that you use that money that you have saved wisely. Simply putting it under your mattress is not going to do you any good; you need to invest your money so that you get a return on it. There are lots of investment opportunities out there and the right one for you will depend on a lot of factors, mainly your goals and your tolerance for risk. This is where a financial advisor can really come in handy, particularly if you don't know a lot about investing.
Ultimately most of your financial planning will revolve around preparing for retirement. While you are still young you will probably be focused more on things like buying a house but this is still part of planning for retirement since your house will be a huge asset that you can use to help pay for your retirement. As you get closer to actually retiring you will need to pay more and more attention to it so that you can make sure that you have enough savings to allow you to retire in the way that you want to.