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Advantages and disadvantages of personal finance
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My goal is to become a personal financial advisor. A personal financial advisor interviews clients to find out their income, expenses, and future plans. With this data the advisor will help the client pick the best possible route to get to their goal. A financial advisor also informs clients on financial benefits which include stocks,bonds, and insurance. The bottom ten percent of personal financial advisors only make up to 40 thousand dollars a year, which is the equivalent of $19 an hour. Although the pay at the beginning of your career is not humongus, the pay of being a financial advisor can reach up to 190 thousand dollars a year. To make 190 thousand dollars year you would have to make $90 a hour. Not only is the pay good, but being a personal financial advisor allows me to help people with their financial problems and to reach their goals, Being an advisor would be a very satisfying job to see people get to where they want to in life all because of me. Being a personal financial advisor is a job that requires many skills. A client may tell me their financial problem and I have to be able to listen to the problem and identify the best solution. This very situation uses skills of an active listener, deductive …show more content…
Then I will attend Ohio Northern University and complete my bachelor's degree in either finance, accounting, economics, mathematics or computer science. I must then become an intern, at another financial advisors office and get a feel for the job. After my internship I must take training classes for the job and get my license to become a certified financial planner. If I attend Pioneer my four years at Ohio Northern University will mostly be paid for and I can take out a loan with the bank to pay for my training or other schooling. I would then pay off my loans through my years of work at my
There are numerous specific skills that are required for this profession such as, critical thinking, active listening, good
While Ms. Aw provides expert financial advice that is beneficial to those who apply it, she will still offer professional support to clients when they choose to stray from that advice. To Esther, strengthening a client relationship over time is more essential than selling a service in the short term. She regards her job with a wholistic attitude, and she works to help clients envision, create, and implement strategies that will benefit them in the areas that matter to them. As their priorities change over the course of time, Esther helps clients to modify their financial plans
He explained main factors to become a financial analyst, professional skill and communication skill. For professional skill, Addison Kim said I will learn the basic knowledge from the college. He suggested some advanced class that he had in his college years and these class benefited him in his career. Addison Kim pointed out the most serious and core technic will be learned in my internship and future job. In communication skill, Addison Kim strongly suggested me to focus on it because communication skill is the main component of financial analyst. If professional and technical skill is the key to become financial analyst, then communication skill is the key to obtain advanced management position. To Improve my communication skill, Addison Kim said I should improve my English, and become an active speaker. Attending club activity, joining competition, and networking are three recommendation for me in college. By accomplishing the three targets, Addison Kim believed I will gain improve on leadership, public speaking, team work and so on. I agree what he said because I cannot ignore my prior weakness which is an obstruction for my career. I was surprise that Addison Kim introduced his significant skill, time management, and explained the reason behind. This skill helped him to gain enormous success in college year which he won the Dean’s Cup. Time management will urge me to accomplish every small target and finally achieved the big target. Time management will not make me left behind the schedule, and let me put more time on my effort to make the effort
It can be different for many people, so I had to perform this SMART check to make sure my current financial goal was realistic. First of all, is my goal specific? Yes, it addresses how much income I want to make and in what amount of time I want it to be completed. If I were to add more, I would say “Starting my junior year of college….” in order to provide a starting time for my goal. Next, is it measurable? Yes, because one can calculate how much income I would need to make each year for the next ten years in order to achieve my goal. My salary would need to be anywhere from 30,000 to 50,000 a year, which is a very achievable target, and in fact I can even decrease the time in order to make it a challenging goal. It is relevant because this is about how much my parents spent on their new house, so I want to be able to help them pay if off in the future. So it meets the criteria of a SMART
a. What are the three implications (consequences) of over-representation? Explain each in detail. 1. What is the difference between a. and a. Students may be misclassified or inappropriately identified. Over-representation of students in special education or disciplinary measures raises the risk of misidentification or misclassification.
My God there are so many careers out there, who in the world can pick just one. That’s what’s been weighing on my mind heavily is what career is right for me. I’ve thought of a couple that interest me but I want to find out everything there is to know about a financial advisor. The reason that I’m interested in this field is how everything is the same when it comes to the actually math behind the career. Also I like to deal with people and money so a job as a financial advisor just seems right for me but I intend to find out as much as I can to make sure there’s nothing surprising or any kinks in what sounds like the perfect job for me.
...n will also be very necessary and last it requires looking at a lot of charts and graphs. All of my questions got answered while doing this research which is great. While doing this research though, it sparked a new question in my mind. This question is what is the average work week for a financial advisor? My thoughts on this career have definitely changes after doing research into this career. I only kind of wanted to do this job but, when I was done doing the research I really want to go into this career field it is bizarre or fantastic. Now that I have information from researching I am going to be putting guidelines together for success. The next steps are for me to start taking classes in high school that will go with this career. Then, after high school I will go straight into college to study for my major in finance but, for now I am embryonic or undeveloped.
High school seniors takes deep breaths and parade onto the stage. The beginning of a new chapter awaits as they make the journey from one point of the stage to the end. They reflect on what they have been taught in those many years of high school. The most terrifying fact while graduating high school is the next step: making it on their own. Because they have taken part in the appropriate classes, the students are certain that they have gained the correct knowledge to begin making their mark on the world. In high school, it is crucial to achieve the appropriate classes in order to feel ready to take on the world ahead as an adult. However, many students lack proper education. One key example is financial literacy. Financial literacy is the
Figuring out where you will be financially years from now is hard to imagine. There are always what you plan, and then there’s things that just happen that you would usually rather not have of. You can always make goals and things and hope that things go alright and end up close to what you expected.
Have you ever wished that your parents would get you that one thing that you want? Like a house, game, toy, ball, or even maybe a car. You just wished that they could get you that one thing and you start thinking about what your going to say to them. At the end you decide to ask for it and not argue or you decided to beg for it. That small chance that they did say it and they say yes.
I became an enthusiast of finance ever since I was at high school. At the political economy class, my teacher asked us: if you have a million RMB, how would you use it? She then introduced us the concept of investment, and I was intrigued specifically by the stock. For the latter two years of my high school, I have been reading books and articles regarding the stock market in the U.S. and in China. As one of the outstanding students ranked top 1% in College Entrance Exam in Hainan Province, China, I was accepted by the City University of Hong Kong with a full scholarship. With the strong interest in finance, I chose quantitative finance and risk management as my major.
Managing personal finances is an important skill to acquire. However, no where in school is this subject taught. As a result of a lack of preparation, our society is subject to a high percentage of people who lack financial success. Those who are successful at managing their personal finances will find that they are successful in many other areas as well. To learn how to manage personal finances there are books and web sites that provide a step by step guide to successfully managing personal finances. Those who lack financial success often possess many of the same traits.
The case of such skills incorporate capability or experts in specific fields like math, accounts, finance, financial matters, knowledge, science, measurements.
Although I was high on perceptiveness but alone it does not help. To grow as a counsellor I have to be high on all the three dimensions which will make me more effective. Low at even on one can dimension can make me insensitive (not sensitive enough), egocentric, dogmatic, secretive, task-obsessed. If I am not sensitive enough I might not be able to help my client effectively. If I am low on every dimension I might end up telling them something completely opposite of what I actually should say. So as a professional I must try to effective. I should invite people’s feedback that means I should be more open to feedbacks and i should try to disclose myself to
Personal Finance is a class I’ve wanted to take for a while now. My major is Finance not because I want a career in finance but more to learn about finance for my own personal situation. This class taught me so much! During this class I was able to evaluate my financial situation and set financial goals for myself. The four topics that helped me the most were emergency savings, buying a car, purchasing a home, retirement, and estate planning. After completing this class I have a better understanding of these topics and how to achieve my financial goals.