Comments on: Selecting a Financial Planner

By: Finding a Financial Advisor: The Screening Process | Canadian Capitalist

Finding a Financial Advisor: The Screening Process | Canadian Capitalist — Wed, 13 May 2009 19:41:56 +0000

[...] Preet Banerjee, himself a financial advisor, has written many posts (kinds of financial planners, selecting a financial planner) on the topic of financial advisors on his [...]

By: Miah Z.

Miah Z. — Sat, 10 Jan 2009 09:50:26 +0000

The word budget has gotten a bum rap. It is basically just a plan. When you budget, you're spending on paper, on purpose, before the month begins. But many people view a budget as a straight jacket that keeps them constrained. Internet life has a lot of tools at the user's disposal, like faxless payday loans and a cornucopia of budgeting tools that are easy to get at. Running a budget or getting a payday loan if you need one can be such a pain, but there are faxless payday loans that you can apply for over the internet. There are also a bevy of websites that have a lot of great guidelines for budgeting, tips and tricks that will help anyone run a balanced budget, and make meeting financial goals a piece of cake. Also, a good deal of these sites are set up to especially help out younger people, so those that need the most advice can get it in terms they can understand. Check out some tools I found to help make budgeting easier and find out about faxless payday loans .

By: Finding a Financial Advisor, Part 1

Finding a Financial Advisor, Part 1 — Mon, 21 Jul 2008 02:23:20 +0000

[...] Preet Banerjee, himself a financial advisor, has written many posts (kinds of financial planners, selecting a financial planner) on the topic of financial advisors on his [...]

By: Preet

Preet — Wed, 13 Feb 2008 22:26:46 +0000

I’ve always been a big fan of "The Richest Man in Bablyon" – a quick read and it gives you the philosophy behind financial planning. There are tonnes of books out there, most of which I have not read – so I can’t make any recommendations other than that.

I’ll be writing one of my own in the next 2 years though… I’ll certainly recommend that one when the time comes.

By: financial planning

financial planning — Wed, 13 Feb 2008 17:25:11 +0000

I completely agree as i’m starting to take finances seriously and am thinking of a proper flanning planning. I would prefer to read a good financial planning book or three so I can, I came to know that the Wealthy Barber is a good place to start. Any other references?..

By: Preet

Preet — Thu, 07 Feb 2008 02:08:57 +0000

I agree with a lot of what he writes, but there are some things I disagree with as well. I’m basing this on what I have read on-line, I have never read any of his books.

With any books that you read, it doesn’t hurt to get other opinions as well. Better to have read the views from different perspectives on the same material I think – eventually you will be able to make up your own mind as to what is best for YOU.

Sorry I couldn’t provide a more specific answer, but as I have not read any of his books, I am unqualified to really give any other answer… Sorry!

By: Johnn

Johnn — Thu, 07 Feb 2008 02:04:33 +0000

Preet, I see lots of books by Gordon Pape on the shelf all the time. Is he a worthwhile source to read?

By: nancy (aka money coach)

nancy (aka money coach) — Wed, 06 Feb 2008 13:45:28 +0000

I completely agree — it’s all too easy to divest ourselves of responsibility and figure our f.p. is taking care of it all. I’ve talked to dozens and dozens of people who are generally confused about their investments, and slightly resentful towards their f.p. but too intimidated to bring it up, because they don’t feel like they know the investment world well.
So, I would say high on the checklist should be, "does this person use everyday language so that I generally really ‘get’ what’s going on with my investments?" or do my eyes glaze over?
If it’s the former, the likelihood of an informed, empowered and trusting relationship being forged increases exponentially.

By: Preet

Preet — Wed, 06 Feb 2008 03:11:17 +0000

That’s a good place to start (The Wealthy Barber) – certainly many other Canadians would seem to agree! You could always wait for my financial planning book to be released… but that might be a year from now – I’m sure it won’t take you that long to read the Barber…

I’m a big fan of "Richest Man in Babylon" it can be read in a day, but it hammers home the philosophy of financial planning at it’s very fundamental levels. Author: George S. Clayson, originally published in 1926 I believe…

If anyone else has some favourites, feel free to chime in…

By: Johnn

Johnn — Wed, 06 Feb 2008 02:47:08 +0000

I'm in the same boat - starting to take finances seriously and am thinking of getting a financial advisor.

My intended first step is to take advantage of several of the free review meetings offered to me by my bank, my credit union, my employer, and my wife's employer. I hope to pick up on some of the lingo, and learn how plans and planners might differ.

After that, I would prefer to read a good financial planning book or three so I can, as suggested, tap my planner as a resource while still maintaining control and keeping informed.

I've heard the Wealthy Barber is a good place to start. Any other reading recommendations?

Cheers.