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Know yourself and your type |
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Once you are ready to set your financial plan in action, you must decide what level of assistance best suits your needs. Use the following concepts from Bill Bachrach's Values-Based Financial Planning to determine which type best identifies you.
Do-it-yourselfers
Do-it-yourselfers write their own plans, do their own research, and set up their own accounts. You are better of on your own if you ...
- Simply do not want to work with anyone else
- Enjoy managing your own money and are capable of doing so
- Have difficulty trusting others for help
- Feel you must have complete control of your own finances
Collaborators
Collaborators want to do it themselves but want the help of a professional for information and advice. You are a collaborator if you ...
- Want an advisor to educate you and do the research for you
- Want the advisor to confirm your own research
Delegators
Delegators would rather a professional conduct the research and strategizing. You are a delegator if you ...
- Want a confident professional to free you from having to worry about your money
- Would rather focus on more important things, such as family, friends, career, physical fitness and spiritual health
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