Did you know that in Ontario, anyone can call themselves a financial planner? With this in mind, how can you make sure that you are getting expert and unbiased advice on money management? Should you trust the financial planners who work at banks? Are they credible or do they just want to sell you mutual funds?

My guest today says that if you want an honest assessment of your finances, you should speak to an advisor who doesn't sell products, but rather, advice.

My guest today is Jason Heath, a Certified Financial Planner (CFP) and a fee-only financial planner, who explains how to select an unbiased financial planner.

We also discuss if, as soon as your bankruptcy is finished and you can start saving money, you can afford to hire a financial planner.