Check The Background of Your Financial Planner

Tony Wiley - If you have worked with any good organization, then you would be familiar with the verification process conducted by the human resource department. This process is done to ensure the authenticity of your documents. In other words, you have to undergo a screening test to get a clean chit and to start your journey with any new company. So, how can you count on anyone without running a background check on your financial advisor?

It has been seen that most of the people who appoint the financial advisors don't bother to survey about the person they are hiring. There are various reasons which raise the need for an investigation before you get someone on board. If the person is found guilty of any charge, then you will feel disappointed on your decision. So, before you start a search for a financial planner, here are a few things you need to know.

You will be paying the financial advisor for the services. So, don't hesitate to ask questions before giving him your details. Be confident while talking to the advisor, and don't stretch the conversation. Ask him these questions. Have you undergone any investigation before by any regulatory body? Do you have a clean record? Were you put under trial or found guilty by your clients in the past? Cross check the details given by  him taking more information about the previous and existing clients. You can also ask for the references of the present clients with the same financial motives as yours. You can further clarify your doubts by talking to these people. They can tell you if it is worth spending on his services or not.

You can also extract detailed information about your financial advisor on the web. Just Google the credentials and check which administrator look after the designation. You can collect all the relevant information online which will help in taking a wise decision. It is said that the best litmus test to know whether you have met the right person is to ask him if he has the potential to beat the market. If the planner boasts about his market beating performance, then it is the right sign to leave the place.

Manage Your Money With A Budget

Tony Wiley Chicago - Life is a challenge for each of us is working hard and doing our best to make ends meet. For some it’s a struggle to pay bills, rent or loans. It is with an ultimate goal i.e. wanting a better place to live with enough money and no concerns about the bills. But, all this can only be possible if you are managing your finances carefully and keeping a check of your expenditure. Good money management can mean many things. It helps in living within our means, by saving for long short-term goals, it is also necessary to have a realistic plan to pay off debts.

Setting up a budget is necessary if you want to get to the top of your finances. Tony Wiley has spent years helping people get out of the web of debts. He has a keen knowledge of finances and provides people with right suggestions that helps to get on top of your finances. He suggests that the start of all is making a budget. It is the record you make of all the money you have coming in from all sources and the payments that you make including your rent, EMIs, insurance tax, living expenses and all the irregular expenses.

If you are spending each month, then budget is a great way to check where your money goes and where you can cut back on your expenses. Keep notes of all your spending, and try to analyze how much you spend in a month. This will help to have a clear picture about where you spend your money. Now days, smart phones have so many APPs that help keep a track of all the expenses. Once you have all the details as to where you spend your money it will be easier to plan.

Tony Wiley believes that loans or debts are a burden and the hardest part is paying them off. You may feel overwhelmed when you know you are struggling so it’s better to make a budget and allocate enough amount to pay all the debts. This way you will not miss out on your loan or credit card payments. Regularly save a little amount by adding it to the saving accounts. This will act as a backup in case you have any unforeseen emergency or  financial crisis in the future.