Do not completely outsource personal finance to anyone: You should not completely outsource personal finance to anyone. But do not completely outsource it even to an investment adviser because you cannot completely eliminate conflict of interest. Learn about personal finance: You have to learn a significant amount about personal finance even to figure out who you can partially outsource it to. Teach your family about personal finance: If necessary, teach your spouse about the basics of personal finance and/or how they should get financial advice. Avinash Luthria is a Sebi-registered investment adviser and advice-only financial planner at Fiduciaries.in.

Source: Mint May 27, 2021 04:02 UTC