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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Links
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Connect with Amberly:

AmberlyGrant.com
FinTalks
FinTalks Cruise
Instagram
Facebook
“Jump In Feet First” podcast


Elizabeth on MHFI episode 212
Amberly on MFHI episode 216
Wealthsimple
Jeremy Schneider/Personal Finance Club

“Types of Advisors”
“The Fees Add Up”
“Cost of Advice?”


Northwestern Mutual Conflict of Interest brochure
Northwestern Mutual Conflict of Interest brochure (Marked up)
Denver Asset Building Coalition
Brian Feroldi on MHFI episode 213
Downshift Financial
Nectarine, Advice-Only Financial Advisors
FeeOnlyNetwork
JL Collins, “Simple Path to Wealth”

Kindle
Hardcover
Paperback
Audiobook


Mark’s Money Mind Podcast
CampFI
EconoMe Conference
Mile High FI Facebook Group
Doug’s site
Carl’s blog: 1500 Days

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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.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl’s Blog about Early Retirement
Email us here: doug@milehighfi.com or carl@milehighfi.com
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