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In this time and day, it is hard to live and function without advice. Everyone is seeking help for all of the aspects of life – personal relationship, seeking a better job, buying a new car or a new apartment. And of course, finances. Financial advice is looked for all over the place as people want to know how to work less and to earn more. And with work getting harder and harder as you travel through life, it is only natural to wonder whether there are ways to make money and love the process.

But here is the thing – we seldom go to the professionals in the matter. More often than that we just ask our friends or our acquaintance for help. And this is the help that is not a 100 percent guarantee going to bring you any kind of success let alone profit.

Here is why you shouldn’t ask for financial advice from non-professionals.

 

1. People are not used to say “I don’t know”.

2. People can sabotage.

3. People can have outdated information.

4. Why get free when you can pay for it?

 

1. People are not used to say “I don’t know”.

When you come for advice, you are expecting to get it. And people know that. Plus, saying that you do not know something makes you seem dumb, especially when the question in matter is this important. Saying that you do not know makes one look as if they have no clue of what to do with their money as well.

That is a big problem, as this is a hazard which is going to follow you all around. There is simply no topic where people would feel comfortable saying – I don’t know. And of course, with their pride turned on, there is no way that you are going to get a valuable and viable advice. Probably just some general words that are only going to tangle all of your thoughts and plans.

 

2. People can sabotage.

Of course, we all have met toxic people in our lives. But some of them can be plain dangerous. There are so many people who want to always-always live better than everyone else. And they are willing to do everything to keep this status quo where they need it.

Of course that applies for bad financial advice as well. Make you lose or at least fail to multiply your money – that is what they want. I know that this sounds like a plot from a soap opera, but believe me, there really are people who do not care about the prosperity of their friends. All they want is to be successful themselves.

 

3. People can have outdated information.

Outdated advice is another form of advice that is not going to bring you any good. You come to your friend and ask – what are you to do with your pound? And they say that the Brexit deal is about to happen and that you are to hold onto your GBP.

But here is the deal – the deal is far away from being reached, is ever, for that matter. Is that viable? Is that just what you need?

No.

Moreover, you are risking to be left alone with the currency that has all the possibility to sink as low as we have never seen before. All because your friend has outdated piece of information that they shared with you.

 

4. Why get free when you can pay for it?

Brokers and trading signals providers were invented for a reason. There are also specially trained professionals who are making their living by giving people good financial advice and helping them form a perfect, diverse and profitable portfolio. And yes, yes. I know – all of this is only going to make you spend money. But you probably know that you need to spend money to make money.

Here it is exactly the case. You are going to need to spend at least some of your trading funds for a financial advisor if you do not want to fail and to lose all of your money in case you get a very bad advice on your finances.

Trust me, when it comes to money, it is better to stick with the professionals, after all, your financial health is just as important as your physical one. That is why you should watch both of them very carefully. And take both of them with the same level of seriousness. After all it is impossible to lead normal life without either of them.