Financial advisors and planners....to use or not to use?

While navigating personal finance and investing might seem complex, especially for busy physicians, it's actually quite achievable with the right approach. Many free resources, like online articles, podcasts, and books, demystify the basics. Remember, financial advisors often earn a percentage of your assets under management (AUM), which can create a conflict of interest, as their focus might shift towards maximizing their fees rather than your returns. While seeking professional guidance can be valuable, it's not essential for most people. If you decide to hire one find a "fee-only" advisor who charges a flat fee for specific services, ensuring their advice aligns with your goals, not their income. Even if you choose to work with an advisor it's crucial to understand for yourself the basics of what they'll be discussing and advising you on. Remember, taking charge of your finances empowers you to make informed decisions and build a secure future, even without a traditional advisor.