Do you really need a financial advisor to help you manage your money? That depends on your financial situation, says Carmen Wong Ulrich. Before you pay someone to tell you how to allocate your money, look at where it all goes. Do you have enough in savings to cover all your living expenses for between 6 and 8 months? Are you debt free? If the answer to both of these questions is no, then Carmen recommends that you focus on saving more and paying down your debt. Watch the video to find out more about when you need to find a financial advisor.
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