We all talk about getting the help from the financial advisor, or from finfluencers or from friends or family. They can give a great suggestions, and now it's upto you to accept that suggestion or not.
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But the thing is you are the Only Person who really understands your money situation. So whatever help you are getting, that's good but applying for yourself or not is really depends on you. Because you will know uour situation better.
For example, the financial advisor asked you to keep 30% as debt. But since you know your situation, you can actually change it accordingly. You can increase it to 40% ot 20% based on your risk appetite. Since the personal finance is personal, you also have to spend time yourself to find the gaps in your portfolio.
The financial advisor, though understands your situation but he is not living it, you are living it. He can say that save atleast 50% of your income, but it's upto you to find out how much you can save, it can be 20% or even 60%. And that's going to change month to month basis and that's why since you understand your situation you can change it accordingly.
So whenever someone ask me about give suggestion on how much and where to invest. I just tell them that you have to access your situation, find out how much you can save or invest. And once you find out that, that means you know the basics and then we can talk about where to invest. Where to invest is the last thing to do, first we have to clear the basics, your expenses, your insurances, your ad-hoc expenses and what not.
I know investing should be the priority, but if someone's expenses is too much. He has to first find out that, try to reduce thar and then think of investing.
