When and How to Get Financial Advice

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4 • 823 Ratings

🗓️ 22 June 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

How can you find a professional who works on your terms, and at a reasonable price? Sean Gates of Motley Fool Wealth Management joins us to discus the choices.

Transcript

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0:00.0	This is Motleyful Answers. I'm Alison Southwick and I'm joined as always by Robert. Take me to Frederick
0:08.5	Maryland Brokamp. In this episode, Motleyful wealth management, Sean Gates joins us to talk about
0:14.8	how to find professional financial help that fits your nichey needs. All that and more on this
0:19.8	week's episode of Molly Full Answers.
0:22.9	So, Allison, whatever is up? Well, bro, last week I talked about the future of remote work,
0:29.0	productivity and advancements for those who largely spend their days sitting in front of a computer.
0:34.5	In the U.S., that's about 30 to 40 percent of the workforce, according to McKinsey.
0:39.2	But what about everyone else whose job needs to be done in person? Healthcare, education,
0:44.4	hospitality. Is there a workplace revolution happening for them as well? What does the future
0:49.4	look? Like, well, it's complicated. The jobs in this country that can't be done from a computer are
0:55.7	diverse, service, production, healthcare, construction, education, agriculture, and more. Where
1:01.3	people do this work is also diverse, from farmers in the field to massive Amazon warehouses to the
1:07.3	appliance repairmen who came by my house last week. It is also divided at racial lines.
1:12.6	According to the Washington Post, looking at BLS data, 37% of Asian Americans and 30% of whites
1:18.5	said they could work remotely, but only 20% of blacks and 16% of Hispanics said they could
1:23.3	work remotely. And the ability to work from home varies by education level. Almost 52% of those with a
1:29.6	college education or higher said they could work from home, but only 4% of those with less than a high
1:35.1	school diploma said they could. There's also some amount of range in pay. For example, an esteemed
1:40.5	surgeon may make hundreds of thousands of dollars a year. Meanwhile, a server might make
1:45.2	a tipped wage of a couple dollars an hour. But if you lump them all together, generally speaking,
1:50.9	jobs that can be done in front of a computer pay better than those that have to be done in person.
1:56.5	The diverse kind of work we're talking about here, work that can't be done remotely, is so diverse
	...

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