A high net worth individual is someone with liquid assets over a certain threshold. Liquid assets are the only assets that are included in the net worth calculation process. These include any asset that can quickly and easily be converted to cash.
A financial advisor is someone who helps you manage your assets. They not only help you figure out how to save your money, but also how you can invest it to achieve your financial goals and live the life you dream of.
Breaking down the 2022 Inflation Reduction Act in plain English.
For fiscally responsible individuals, it can be hard to determine if you should hire a financial advisor or manage your finances on your own. There really isn’t one answer for everyone. For some people, it makes sense to manage your finances without professionals like a net worth advisor. For others, the benefits of hiring a financial advisor make the decision easy.
This blog answers the following questions. When is someone considered wealthy? How much money should you have for a wealth manager? What money is included in these figures? Do I need a financial advisor?