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More than 330,000 financial advisors are employed around the country, according to theFinance Strategistswebsite.
But there are also plenty of financial consultants who can include just about anyone.
Overspending and unwise investments had taken their toll, he said.
My experience illustrates how hiring a financial advisor can play a crucial role in overcoming financial hardship.
Here are four ways a financial advisor helped Grant when he wasin financial trouble.
Budgeting and Expense Management
My financial advisor helped me establish a comprehensive budgeting plan, Grant said.
Additionally, regular savings habits were instilled, promoting asecure financial future, he said.
Strategic Investments
With my advisors guidance, I learned to make informed investment decisions, Grant said.
Debt Management and Financial Discipline
Addressing my debt was crucial.
My advisor devised a plan to manage and eventually eliminate it, which had been a major burden.
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