3/23/2020
Why College Grads Should Have A Financial Advisor | Brett Fingerhut
a Why College Grads Should Have A Financial Advisor by brett ngerhut | May 11, 2018 | Brett Fingerhut
When college graduates are thrust into the real world, they have to make a lot of nancial decisions. Consulting with a nancial advisor can help make these graduates’ decisions much easier, especially when dealing with issues they weren’t taught in school. Many college graduates don’t know if they have the nancial skills necessary in the real world. A nancial planner can help graduates navigate the many nancial rsts that they will have to experience, and start on the right path. As a young college graduate, poor nancial habits haven’t been established yet. A nancial advisor can help graduates gure out their money paths, rather than experimenting with trial and error. Even decisions made in his or her 20s can have a lasting impact on an individual’s future. A planner can help consult on decisions so that they don’t have a lasting negative impact on the future. https://brettfingerhut.com/why-college-grads-should-have-a-financial-advisor/
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3/23/2020
Why College Grads Should Have A Financial Advisor | Brett Fingerhut
With a nancial advisor, there can be a plan to pay down student loan debt. Many recent graduates have more student debt than any other generation. Student loans are confusing and can take a huge chunk out of new paychecks. A nancial advisor can help see if loans can be deferred, or if there are payment option plans. With new nancial responsibilities and hopefully more income, individuals need a budget. A nancial planner can help work with the graduate to create a budget that makes sense with their income, lifestyle and existing debt. Many new grads don’t have a budget and don’t have savings to cover any nancial events. Since most new grads are earning a bigger income than before, they may be tempted to go out and spend on things that are unnecessary. Creating a budget can help them make better nancial decisions. With a budget, it’s easier to prioritize nancial goals, whether that’s paying down student loans, saving for a home, or another expense. Each individual is di erent, and the right planner can help work with the individual to gure out the right course of action in order to achieve these priorities. Saving for retirement may be the last thing on a graduate’s mind, but it’s important to save and invest as soon as possible to have payo s later. A nancial planner can help with these decisions, which can be overwhelming.
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Why College Grads Should Have A Financial Advisor | Brett Fingerhut
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