There are many difficult decisions to make when it comes to your finances and what to do with your hard-earned money. The good news is that you do not have to venture on your financial journey alone. When you are ready to get serious about your financial situation and take charge, it is time to build your own dream team of advisors.
An important part of building your own dream team is continuing your education so you can better use the advice of the professionals. Do not rely on a professional’s advice without having a basic understanding of the advice they are giving. The more you learn about strategies and the more questions you bring to your advisory team, the more impactful your results will be.
The three main advisors everyone should have are an attorney, an investment advisor, and a tax advisor/preparer. A bonus, fourth professional would be an insurance advisor. The advisors on your dream team may also provide other professional referrals as needed.
If you were to build a dream team of advisors as a real estate investor, they would consist of a handy man, a general contractor (or the different trades for a renovation), a banker, a real estate agent and a title company. Some of these advisors can be referred by the real estate agent at the start, but they will still require due diligence on your part to ensure the quality of their work.
Doing it all yourself will limit your growth. Creating a team will allow you to grow beyond your current capacity. Schedule a call today so that we can help you reduce taxes and increase wealth.
Please understand that I cannot give you specific investment or legal advice, just guidance in these areas, and you should consult a professional licensed in these areas for specific advice before making any final decisions.
