As one of the world’s wealthiest people and most influential voices in investing and finance, Warren Buffett acknowledges he wouldn’t have reached those heights without guidance from three individuals in particular: his father Howard Buffett, his late first wife Susan Buffett and his mentor Benjamin Graham.
While the advice and guidance of others may never make you a billionaire like Buffett, it can benefit you in profound ways, says FPA member Bruce Colin, a CERTIFIED FINANCIAL PLANNER™ professional with Bruce Colin & Co. Wealth Management in Rancho Palos Verdes, Calif. “Everyone needs a somebody or two in their life who understands the idea of stewardship of financial resources, who sees things differently, who they can bounce ideas off, and who they can turn to for answers or guidance on matters related to money and finance.”
They could be people from your personal life who offer informal guidance or professionals you pay for advice. Here’s a look at eight likely candidates to play that role: