One great concept that moves beyond independence is interdependence. The idea that together, with a team, you will accomplish more. The idea that two people working together will have exponentially more success than each individual working alone.
There is definitely the need to cut down spending. According to www.metrosda.org, "But even if you’re not married--and if you already are, there is yet hope, for you, and the couple below--the good news is you can surround yourself with 'a multitude of counselors,' or coaches, to ensure you stay on track with your budget, assuming you have one."
Spending may be considered an addiction and like any addiction, having an accountability partner and keeping aware of the problem is critical to success.
The question remains open and it would be great to see some reports. The article from www.bargaineering.com states it best as "I actually think financial advisers are great because they can help people, who otherwise have no ability to do so on their own, get on financial track. Financial advisers are a lot like personal trainers. You can get fit without a trainer but your likelihood of success goes up significantly if you work with a professional. The cost is in the fee and if you get a good trainer or adviser, it’s totally worth it."
Has your financial planner be worth the cost?
This post was reposted from http://finlit.biz/business/do-you-have-a-financial-accountability-partner/, originally written on February 11th, 2013.
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