AAR02 - Do I Need A Financial Advisor

The Investing for Beginners Podcast - Your Path to Financial Freedom

Andrew Sather

Business, Investing

4.1 • 1.5K Ratings

🗓️ 17 June 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of 'At Any Rate,' host Evan Raidt introduces Andrew Sather for a deep dive into the necessity and value of financial advisors for the average person. They discuss personal financial awakenings, the taboo surrounding financial discussions, and Andrew's decision to go the DIY route for managing his finances. Evan shares his experience with a financial advisor, weighing the pros and cons, and ultimately pulling his investments out to manage them himself. They cover essential financial steps, such as budgeting, automating investments, and planning for large purchases, advocating for empowerment and visibility over one's finances. This episode aims to demystify financial management and encourage listeners to take control of their financial future. 00:00 Introduction and Welcome 00:34 Andrew Sather's Financial Awakening 04:17 The Role of Financial Advisors 05:45 Personal Experience with a Financial Advisor 09:52 Managing Investments Independently 27:09 Steps to Financial Independence 36:34 Final Thoughts and Advice Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening. Today’s show is sponsored by: Go to ⁠⁠⁠⁠⁠⁠⁠SHOPIFY.COM/beginners⁠⁠⁠⁠⁠⁠⁠ to start selling with Shopify today. Get your summer savings and shop premium wireless plans at ⁠⁠⁠⁠⁠⁠⁠MintMobile.com/beginners⁠⁠⁠⁠⁠⁠⁠ Stop overpaying for car insurance - So before you renew your policy, do yourself a favor—download the Jerry app or head to ⁠JERRY dot AI slash BEGINNERS⁠ What do Dave and Andrew recommend? Our #1 recommended stock research platform is FinChat. Get 2 weeks access for free using our link (no card required): ⁠⁠⁠⁠finchat.io/ifb⁠ Andrew works really hard to find the best insights he can every single month at ⁠⁠⁠⁠⁠⁠⁠Value Spotlight⁠⁠⁠⁠⁠⁠⁠. To see a sample of his previous work, go to ⁠⁠⁠⁠⁠⁠⁠stockwriteup.com⁠⁠⁠⁠⁠⁠⁠. Have questions? Send them to ⁠⁠⁠⁠⁠⁠⁠newsletter@einvestingforbeginners.com⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ SUBSCRIBE TO THE SHOW ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠Apple⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠Amazon⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠Tunein⁠⁠⁠⁠⁠⁠⁠ For sponsorship inquiries, reach out to us at ⁠⁠⁠⁠⁠⁠⁠equity@einvestingforbeginners.com⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back, everyone.
0:11.9	Welcome back to at any rate.
0:14.4	My name is Enrae, and we're here to help you make sustainable financial changes without breaking a sweat.
0:19.2	And since the series is still picking up a bit of steam,
0:21.0	just as a reminder, this is a weekly series on the IFP podcast where we're going to be covering
0:24.9	personal finance topics. And we have the end goal of helping people better their finances with
0:29.2	as little effort as possible. Today I am honored to welcome Andrew Sather to his first
0:34.8	official episode of At Any Rate. How are you feeling, Andrew?
0:38.1	Oh, man. This is a roll out the red carpet. I appreciate the intro. So official.
0:43.4	VIP. In this week's episode, we're going to be debating how important a financial advisor is for the average person.
0:51.3	And before we start, something I asked Dave last time, I'm going to ask you as well,
0:54.8	Andrew, when do you think your financial awakening is, for lack of a better word, when you really
0:59.6	started, you woke up and started paying attention to your finances, budgeting, retirement,
1:04.4	all that stuff. Yeah, it's really similar to the financial reckoning you shared about,
1:09.5	where I got my quote-unquote real job,
1:12.9	basically the job that was most related to what I went for school for at the time.
1:17.7	And working as an intern there and having mentors who are teaching me so much about engineering
1:24.7	and then also cared about me enough to, you know, throw financial things
1:29.9	around and talk about how important that was. Because, like, I, you know, during college, I was a
1:36.4	college kid. I racked up the student loan debt and was like, yeah, this is a future problem.
1:42.8	You know, like, oh, I'll, I'll have plenty of money once,
1:45.5	once I finish school. So who cares if I'm adding extra student loan debt so I could have a
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