Ramit Sethi discusses what to do with a large lump sum from selling a house. He says hiring a financial advisor makes sense, but not if they charge 1% in fees.
1% ("I have no problem with the 1% fee.")
In an investment account (speaker: "It's already in my investment account.")
I want to talk about the money that you made from the house. You have an opportunity of a lifetime. Most people never see that kind of money in their bank account. You have it. What do you want to do with it?
It's already in my investment account.
Which account?
In a merit price.
Okay. Either you can learn how to invest on your own, or you can stick with what you've got.
Yes.
It's up to you.
I have no problem with the 1% fee. It's fine. I want to know if you think she can make it without a financial advis. Someone who doesn't look at numbers does not know how to calculate. Thank you, my love.
If Natalie wanted help, she could totally hire a financial advisor. I would actually encourage it, but not for 1%.
