Despite the rise of Fintech companies and robo-advisors, the future of financial advice is human. That’s what Vanguard CEO Tim Buckley thinks anyway. An ironic statement coming from Vanguard which led the revolution of low cost, passive investing that has made it easier than ever to become a DIY investor and cut traditional financial advisors out of the equation.
Whether you are planning for early retirement (FIRE) or traditional retirement in your late 50’s or 60’s you will need to answer two critical questions;
I’m not an advocate of “get rich quick” ideas. There are tons of guru’s who will promise to teach you “their way” to get rich quick. It may work for some but to me, the best way to build wealth and keep wealth is a slow, boring process that requires discipline through good times and bad.
In the world of finance, there are so many formulas and equations and acronyms it can be very intimidating for regular people who smartly, spend their time living their lives rather than obsessing over this stuff.