Doug and Amberly discuss the ins & outs of when to consider using a financial advisor. They explore the pros & cons of working with advisors, fee structures, the importance of fiduciary responsibility, how to avoid bad financial advice, and complexities of DIY financial management. They share personal stories and experiences to illustrate the discussion, including Doug’s past mistakes with an advisor and Amberly’s insights from hosting financial discussions & events.

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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**

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0:00 Introduction

3:27 Definition of financial advisors

9:14 Fees

16:22 Two hats

22:13 Sleep issues

27:35 Pros of working with financial advisors

38:12 Cons of working with financial advisors

44:27 When a financial advisor is useful

53:20 When DIY might be better

57:25 FinTalks Cruise

1:03:47 Soundcheck – Laid back with rules

When to Hire an Advisor - Amberly Grant | MHFI 222 01:08:37 Share

Mile High FI Podcast

Shownotes Transcript

When to Hire an Advisor - Amberly Grant | MHFI 222