Category: Financial AdvisorsDo you know how to become a financial planner?
I received that question just last week.
I thought I’d share my response with you in case you were considering jumping into the profession.
If you want to know how to become a financial planner you have to understand three things:
1. Understand what business you are in.
Being a financial [...]
Everything you now know about financial advisers is worth less than than gum on the bottom of your shoe unless you understand this one simple fact:
Many (if not most) advisers have multiple licenses and designations. This complicates what you can expect from your adviser and it makes lots of room for unintentional misunderstanding.
When you look for a financial adviser, it’s all about trust. Right?
Rather than rely on your adviser’s facial appearance, let’s see if we can learn more about how advisers are licensed, trained and compensated to find someone you can trust.
On Monday we spoke about Certified Financial Planners and yesterday we spoke about insurance agents and [...]
If you’ve never seen the movie “Groundhog Day” with Bill Murray, you should rent it.
In it, there is a scene where Murray’s character confronts an old acquaintance who is now an insurance agent. This shiester tries every trick in the book to get Murray to buy life insurance. I won’t tell you how he turns [...]
I recently received an email from a inquiring Wealth Pilgrim asking me how to become a professional financial advisor. Along that line of questioning, he asked if I thought he should become a CFP (R) (Certified Financial Planner).
Do you think you know the true story of Bernie Madoff?
Do you think that Madoff stole all those billions because he wanted the money? I don’t. I think he did it because he’s addicted to power and to being important and loved.
I say this because anyone with an IQ north of 43 would know that [...]
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