I really would like to manage my money more efficiently, however, every time I try to find a financial advisor, it's someone who helps with decisions about investment portfolios and retirement plans. That's great, but I'm not at that point yet. I need help with the basics: paying down student loans, straightening out credit issues, setting a budget, and so on. What type of professional do I need?
2007-01-18 07:09:17 · 9 answers · asked by • pixelchiq • 2 in Business & Finance ➔ Personal Finance
forget the professionals........ they're only in it for the money.... the best person to manage your money is YOU.......... and the best place to teach yourself is at The Motley Fool
US Version:
http://www.fool.com/pf.htm
The "Get out of Debt" section: http://www.fool.com/ccc/debt/debt.htm
UK Version:
http://www.fool.co.uk
UK Get out of Debt section:
http://www.fool.co.uk/get-out-of-debt/get-out-of-debt.aspx
2007-01-18 09:17:40 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Most financial advisors don't offer this stuff. I don't know where you live, but I actually teach personal finance basics for a living. I'd be happy to talk to you if you have any specific questions I can answer.
You can see what services I offer on my website. At the very least, check out the resources section. There are 2 books that I recommend everyone read when they want to learn about personal finance.
Good luck to you. It's great you want to learn before you get into trouble.
http://www.personalfinance101.org/?utm_source=YH&utm_medium=link
2007-01-18 07:38:53 · answer #2 · answered by personal_finance_101 3 · 0⤊ 1⤋
It sounds like personal finance to me, which means you get to handle it. Best thing to do is make a list of what you owe and to whom. Start by making your normal monthly payments to all, but the smallest amount due, pay that off as fast as possible. Once that is paid off, use that money to pay off the next one. Two down, now use the money you use to pay on those to pay off the next one. Soon you'll be doing pretty good. This takes time. Self control is a major issue here. You need to quit spending on "wants" and get those bills paid off. Only buy "needs". There is a big difference between the two; learn to recognize the difference.
2007-01-18 07:16:14 · answer #3 · answered by Copper Jan 3 · 0⤊ 1⤋
Check out Dave Ramsey... His website is www.daveramsey.com. He wrote a book called The Total Money Makeover. He talks about budgeting, getting out of debt, and building wealth so you never ever have to borrow money.
From personal experience, his plan is incredible.
2007-01-18 13:33:19 · answer #4 · answered by Jen G 5 · 0⤊ 1⤋
You don't need a professional, you just need help from someone else who knows how to manage their money. If you know anyone who is very responsible financially, ask them to help you.
2007-01-18 07:17:35 · answer #5 · answered by angelbaby 7 · 0⤊ 1⤋
CAB Have some good advisors
2007-01-18 08:02:57 · answer #6 · answered by Anonymous · 0⤊ 2⤋
pay only the past due and dont forget there places that can help
2007-01-18 07:12:52 · answer #7 · answered by andrew p 3 · 0⤊ 1⤋
Maybe you need a book instead.
2007-01-18 07:11:56 · answer #8 · answered by amosunknown 7 · 0⤊ 1⤋
your teacher/professor, or your boss
2007-01-18 07:17:52 · answer #9 · answered by Sam I Am 3 · 0⤊ 1⤋