When it come to our parents, they can give us a lot of valuable life advice. Unfortunately, when it comes to money and personal finance many of us have received terrible advice from our parents.

It’s okay, many of them don’t know what they don’t know or they’re simply passing on what they’ve learned from who knows where (e.g. the media, their parents/family, other sources they “trust”, etc.).

Regardless, just because they give us advice it doesn’t mean we should act upon it. We must do our due diligence because after all they’re OUR personal finances.

Let’s be honest, personal finances tend to be the afterthought that we promise to handle in the future.

What many don’t realize is that time matters, especially when talking about our finances. That’s because personal finances can either compound in your favor or against it. The longer we prolong the health of our finances the more damage that will be done over time.

Professional relationships can be tricky. We’re more familiar with our lives, and those around us, so evaluating personal relationships comes more natural for many of us.

However, what about evaluating professional relationships?

If you currently have a financial advisor then it’s important to evaluate that relationship on an ongoing basis.

I would be terrified if I were shopping for a financial advisor and I didn’t know what I know. There’s a lot of noise and bad actors in the profession that make this process naturally difficult.

Regardless, the evaluation and comparison process can be much easier if you have the right questions to ask.