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Financial planners make money in three different ways:  commission based, fee based and charging hourly.

Commission based financial planners: Often these are more like sales people. They make their profit off of generous commissions by steering you toward the products they recommend. That said the advice given can be good. Just remember to make money they have to sell you the product or strategy they’re affiliated with.

Fee based planners: Maybe a better choice than a commission based planner is the fee based planner who charges a percentage of the assets being managed or invested. This removes incentives to to sell you products with high commissions. But be aware they also have an agenda. They may recommend strategies that will keep your money free so they can earn more by managing it, as opposed to putting it in real estate for example where your investment capital is tied up.

Hourly based planners: A good choice because this planner charges for their time not for selling. Because they don’t sell financial products their objectivity is maintained. Just make sure the planner is competent by checking out references. 

Credit cards are probably the number one financial disaster for most people. It’s just too easy to let spending get out of control. Miss one payment and suddenly the finance charges double, triple or more. Your in over your head.

If you already have amassed debt on several card one way to eliminate it is to pay off the highest interest card first. You would pay minimums for all other cards and focus all extra funds on paying down the high interest card. Once that card is paid off you focus on the next highest interest card until it’s paid off. Keep going this way until all credit cards are paid in full.

This simple payment method can save you thousands in interest and shorten the payoff time of your cards by years. That’s because just paying the minimum or slightly over on all cards will never get any of them paid down or it will take years to do!