It’s a big myth that financial planning is something only the wealthy need to do. It doesn’t matter whether you earn $50,000 a year or $500,000 a year. No matter what your income and assets look like, you need to make the most of your money and resources. And that’s where a financial planner comes in.

A recent CFP Board survey, however, found that only 53% of Americans have worked with a financial planner. So when you search for a financial advisor, you probably come across plenty of candidates with a “CFP” designation after their names.

What is a CFP?
This acronym indicates you’re looking at a certified financial planner, a highly credentialed financial advisor that can help you create a plan for your whole financial life.