Financial advisors are types of experts that are experts with money and investments. If you want to be better at handling money, an aspiring businessman, an investor or you want to be financially free, they are the people to call. Although being financially stable isn’t in Maslow’s hierarchy of needs, it affects every bit of it (think about it).
One of the unique reason why people should seek financial advisors is that they are the local experts with regard to financial matters. Even if you’re a financial expert in your country, you should seek them out since they have all the answers that you need to make better financial decisions in a foreign country.
They know the area: Financial advisors are like tour guides, they know where to go, where to eat, what to eat, where to stay, what to shop, where to do sightseeing, where to drink and what to avoid. If you’re a tourist and you don’t want to be adventurous in your trips because you don’t want to get lost, and you want someone to guide you, tour guides can guide you and you will leave with a big smile on your face. That is what a financial advisor does in a nutshell for you and for your financials in a foreign land.
They help lessen the risk: What you should know is that investing is like gambling, the only difference is that you’re not in a casino and you’re putting a ton of money on the table. Its a risk but its a necessary risk and having a financial advisor telling you what you should do about it is a life saver.
There are many people that become an expat for various reasons. One thing is certain though, if you plan to be an expat you should be financially stable in that foreign land, not because you want to be rich (that’s not actually a bad idea), but because you want to be able to support yourself aside from getting jobs. In those instances, an expat financial advisor can help you with your goal.