How To Become Your Own Financial Advisor

Why It’s Important to Become Financially Literate

Becoming financially literate is going to make your life much easier because poor financial management is one of the leading causes of stress in the world. Learning how to make your money work for you is one of the most valuable things to add to your life. Decreasing stress and worry over your financial situation is one of the easiest ways to improve your life and focus on the things that really matter.

 In addition, you reduce the risk of being taken advantage of by professionals in the financial industry. Due to your financial expertise you will be able to reduce costs in managements and advisory fees.

*Disclaimer – A trusted team of a wealth advisor, accountant, attorney, trust advisor, estate planner and investment advisor are still critical relationships to have as your financial situation becomes more complex.

How to Become Your Own Financial Advisor

The first thing I would recommend is to gain strong financial knowledge and read about personal finance at least 2 hours a week.

Topics to read about:

-Defining goals, objectives and risk tolerance


-401ks and IRAs

-HSAs (Health Savings Account)

-Investing (Stocks, Bonds, ETFS, Mutual Funds, Options and etc.)

-Portfolio Strategy

-529 Plans

-Real Estate

-Life Insurance and Annuities


In addition, I would follow financial blogs, YouTube channels, podcasts and other media outlets that will provide you with the proper mindset to become a financial pro. Stop watching the Kardashians for a few weeks and go listen to some educational content that will change your life.

Within a year of consuming all this financial education content you should become financially literate. Most people have no clue about financial literacy and if you follow this regimen for a year you will be more knowledgeable about finance than 99% of people.

Take Action

Now that you have the financial knowledge, you should organize all your financial information and utilize some form of personal finance technology (I am a huge fan of Be sure to check up on your finances at least once a week. I try to check at least once every other day just to make sure I haven’t missed any bills, incurred any outrageous transactions and ensure my investments are in check.  I would also recommend that you meet with your financial advisor at least once a month, but that may change depending on your personal situation.