By Peter Dunn 8:58 p.m. EST January 4, 2014
I firmly believe in the importance of hiring a competent financial professional to help guide your financial life. This probably doesn’t surprise you. What may surprise you is who I think is the most important financial professional in your life.
It’s not who you think. Consider the choices. Or course there’s a financial planner, an insurance agent, an accountant, and even a lawyer. But I believe the most important financial professional in any of our lives is a Realtor. A bad Realtor can create havoc in your life for 30 years or more, while a great Realtor can insure stress-free living within your financial limits.
Realtors help people make the largest purchase most of them will ever face — and take-on more debt than they will ever take on again. I don’t know about you, but to me, those two factors alone make the Realtor the most important financial adviser a person can have.
Here’s why most people don’t feel like I feel: I believe a financial adviser’s job, whether it’s a stockbroker or a Realtor, is to help prevent mistakes. There’s an old adage in the investment world: The first step in making money, is not losing money. A great financial professional will assess the situation, calculate risks, and advise you on what not to do. Show me a financial professional that is a “Yes Man,” and I’ll show you a worthless financial adviser.