E16: The Financial Advisor Threshold: When Is It Time to Hire a Professional?

In today’s episode, we’re going to dive into a question that I get frequently from prospective CRNA clients. And that is: what is the minimum investment for a financial advisor? Now, this is a great question because it’s one that touches on the core of financial planning, and that is understanding how and when to seek professional financial advice.

For some CRNAs, this idea of working with a financial advisor might bring up images of meeting some guy or girl in a suit in a mahogany paneled office. And this is a setting that suggests you need deep pockets to even qualify for their services. However, as I’m sure you know, this perception doesn’t always reflect reality.

You don’t need to be wealthy to benefit from financial advice.

There are so many different types of advisors, and most CRNAs will be able to find one who works for their specific situation. In fact, financial advisors come in different forms, from those who work on an hourly basis to those who manage investments only or provide comprehensive financial planning for a flat fee.

At the end of the day, the key is to understand your needs and find an advisor whose services align best with your financial situation and goals.

Episode Highlights

[04:14] Understanding the various types of financial advisors.

[06:07] Exploring real-life scenarios: Sarah and Mark.

[09:21] The best time to seek financial advice.

[14:44] Breaking down the cost of hiring a financial advisor.

Looking for more financial planning tips and resources for CRNAs? Check out the MoneyRx for CRNAs Podcast home page for additional podcast episodes.

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