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Women Wealth Builders: Helping Women Build their Net Worth and Self Worth
Frequently Asked Questions
1. At what point do I need to work with a Financial Advisor?
When you are ready to be responsible for your wealth.
2. Why do I need a Financial Advisor?
To help you create a plan and stick to it. Also when it comes to money, many women make emotional decisions and a financial advisor can help you make smarter, pragmatic decisions.
3. Can I do it myself?
Yes, but there is a learning curve to investing and mistakes can be costly. Also, when will you have the time to learn money management?
Will you get to it at all or will you do the necessary homework? At midnight after a long day at work do you want to be choosing money managers that will determine your financial future?
4. I just got divorced and got a settlement; what is the first thing I should do?
Put your research hat on. Start reading authors like Barbara Stanny and Suze Orman, hire a wealth coach, take a money workshop. Interview several financial advisors and pick the one that listens the best.
5. I just inherited a lot of money; what is the first thing I should do?
Be grateful, now you have to make this inheritance your own. You have to make the portfolio ‘not your fathers Chevrolet’. It has to match your temperament, who you are, your desires, level of risk. Show appreciation to whoever you inherited it from by learning as much about money as you can and investing it as well as you know how.
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Barnes Hoefer & Arnett, Inc. ©2006 All Rights Reserved.
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