Only nine percent did any specific background checking regarding possible violations of the securities laws. And a shocking 43 percent said that they had not discussed compensation of the planner before the work began. Yet we do recommend that most women get help from a good planner. In general, many people avoid financial planning because they do not like or are not good at math. It's about concepts, and women can understand them just as easily as men.
Financial planning does take some time, however.
One must keep financial records in order. It is also important to spend time learning the basic facts about financial investing by reading recommended publications, attending seminars and lectures, or exploring the many learning tools now available on the Internet and in computer software packages. Knowing the basics will help you do a better job of choosing professionals to give you more specialized and more sophisticated advice. Finally, once you get assistance, do not think your job is over. You must take the time to stay involved in your finances, monitoring and evaluating the advice and help you are receiving.