"I don't set goals. I set an intention. And my intention since I was in my early 20s, was to be happy. That was it. So anything that I choose or when life chooses me to do something, I'm happy about it."
Karen: "I always say, in discomfort, is where growth happens. You can't grow, if you're comfortable."
5 questions to ask when selecting a financial advisor:
- Do you have a CFP (Certified Financial Planner)? If they don't, then make sure that they have great qualifications (ex. several articles/books written by them).
- Can I see a copy of your ADV2? (small document; tells you if the person is registered, how they get paid, are they commissioned driven or fee-based) I prefer fee-based advisor, they are not trying to sell you stocks or insurance just to earn a commission off of it.
- Can I see 3 referrals? Don't just get them. Call them. This person is going to be integrated into your life, so you better be friendly with that individual.
- How long have you been practicing in this area? (ex. some advisors work with special needs children with disabilities, sports agents, unions, veterans with benefits)
- What clients do you serve? A new advisor might not have a track record. One that's been around for a year or so, might have the lengthy income statements that you prefer that they have. If they have the qualifications, certifications and referrals, go with that. I prefer one that has been around for at least 5 years on the record.