I get asked personal financial questions
often by friends and family, and for good reason.
They know I'm a financial advisor.
The funny thing is, the answer to most of these questions is usually it depends.
when it comes to personal finance, it depends is almost always the honest
answer.
That's because financial advice isn't one size fits all.
It's shaped by your unique situation.
Things like your age, income, lifestyle, and goals.
Let me give you a few examples.
Retirement savings.
How much should you save?
Well, that depends on when you want to retire.
The kind of lifestyle you're planning for and any other income sources
you may have.
Buying versus leasing a car.
This decision depends on how much you drive.
How long you plan on keeping the car and what your financial priorities are.
Investment strategy.
Your approach to investing changes based upon your age,
your tolerance for risk, and your investment timeframe.
Sure, you can Google these questions and find general advice.
But here's the thing,
Google can't tailor recommendations to fit your financial picture.
What works for one person might lead
someone else down the wrong path.
Personal finance is, well, personal.
That's why it depends.
Is often the best answer.
I'm Will Murphy,
and it's an honor and privilege to serve a select group of clients,
helping them to build, manage and protect their wealth, balancing emotions
and feelings with reason and logic
to improve financial decision making.
Thanks for watching.