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How Much Does Financial Planning Actually Cost? To achieve your financial goals, find out how much you should be spending on financial planning.

By Brittney Castro Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

While finanical planning can be imperative for setting up future goals, knowing how financial planners work -- and what approach works best for you -- can be tricky.

In a video by Entrepreneur Network partner Brittney Castro, the certified financial planner goes over three different ways that people charge for financial planning.

The first method she explains is through a commission-based model. Financial professionals may charge a commission based on the products or solutions they offer you -- this is usually done through mutual funds or insurance policies. Another way is by taking a percentage of the assets they manage for you. The last method Castro explains is a flat-fee method, which is determined on the services needed and the complexity of the financial life.

To help you learn more and reach your financial goals, click play.

Watch more videos from Financially Wise Women's Brittney Castro on her YouTube channel here.

Related: Reach Your Financial Goals and Live the Life You Want

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Brittney Castro

Founder and CEO of Financially Wise Women

Brittney Castro is the founder and CEO of Financially Wise Women, a Los Angeles-based financial planning firm whose mission is to teach women and couples in their 30s and 40s the art of managing their money the fun and simple way.

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