I am in the financial services business, and have been doing this on my own full-time for 1 year, but have done internships and other work experience in this industry since 2002. My wife's father has a very successful financial planning practice that he is wanting to slowly sell to me. He currently has about 800 families that he works with along with a large amount of 401(k) and health insurance that he manages. He wants to only work with his top 50 clients which would leave a lot of clients that I could service and work with. In other words an immediate client base plus I will get 20% of whatever business he produces to insure that I stick around. This would double my income next year and more than double it in coming years. I am good at what I do, but having an established clientele base would be huge for my career. My concerns are living close to family and having potential problems down the road with him and having a falling out. Any advice?
All reservations can be solved in a contractual agreement. That is what they are for. Predict all possible problems in the future and write up a contract that will protect you both in case they happen.
Looking for a good E-book for financial planning?
I'm coming off a bankruptcy this year and I vow to get my finances in order. Is there any good E-books out there for financial planning?
Not free ones. Try "Rich Dad, Poor Dad"... thats pretty good.
Tuesday, February 9, 2010
Monday, February 8, 2010
What does AAR stand for in relation to financial planning or leadership?
I have a test tomorrow on leadership and financial planning and one of the questions is "What does AAR stand for", so if you could tell me then that would be awesome
Pretty sure it's Alternative Reproductive Resources, good luck on the test!
Is a financial planning position good for a college student majoring in accounting?
I'm planning to become a CPA. Currently, I'm in college (1.5yrs left) and work part-time as an accounts payable. Recently I was asked to come work at a CPA firm as an assistant in financial planning. The pay and hours are really good compared to my current job. However, I'm not sure if learning the new things in the financial planning position will stress me out. It's all very new to me. Even though I'm not a brainiac, I am a very hard worker. But is that enough? I just don't want this job to take away too much time away from school. I'll be taking very difficult accounting courses. I was wondering if I should stay at my current job OR take the new job and learn new things. Will this work experience look better on my resume? If i dont take this job, then will there be lots of other opportunities like this after I graduate? Will this get my foot in the door of the CPA world even though I won't be doing any accounting work? EVERY bit of suggestions would be greatly appreciated
You have 1.5 years left. I would ask the company that asked you to take the new position what the chances are if you do take the job then can you become a CPA for the company after graduation? If it's a better position and the same amount of hours, the stress level may be a bit higher, but the experience of moving from Accounts payable to Financial Planning Assistant may be a good choice. First it will demonstrate that you excelled at your first job to be noticed and offered the job as the Assistant. Then, it does show that you have a solid background in Accounts and Financial Planning. Right now you're building a resume and learning how to conduct yourself in the adult world. If the pay is better and the hours are the same, I'd take the new job and learn from it. If you don't like it, you can always look for another Accounts Payable position and return to that field. Furthermore, ask the new company if they will allow you some time for shorter hours during slow seasons so you can concentrate on your studies. If they realize you are balancing school along with their work and showing great promise, you'll probably make a good impression. Negiotiate some terms, know what you can do and cannot do based on the hours you may need for the advanced accounting courses--give your two weeks at your old job if you choose to take it (Leave in good standing as you may need them as a reference) and move forward. It sounds like a fantastic chance, just know what you want and be clear. If the job meshes with your goals, then go for it.
Pretty sure it's Alternative Reproductive Resources, good luck on the test!
Is a financial planning position good for a college student majoring in accounting?
I'm planning to become a CPA. Currently, I'm in college (1.5yrs left) and work part-time as an accounts payable. Recently I was asked to come work at a CPA firm as an assistant in financial planning. The pay and hours are really good compared to my current job. However, I'm not sure if learning the new things in the financial planning position will stress me out. It's all very new to me. Even though I'm not a brainiac, I am a very hard worker. But is that enough? I just don't want this job to take away too much time away from school. I'll be taking very difficult accounting courses. I was wondering if I should stay at my current job OR take the new job and learn new things. Will this work experience look better on my resume? If i dont take this job, then will there be lots of other opportunities like this after I graduate? Will this get my foot in the door of the CPA world even though I won't be doing any accounting work? EVERY bit of suggestions would be greatly appreciated
You have 1.5 years left. I would ask the company that asked you to take the new position what the chances are if you do take the job then can you become a CPA for the company after graduation? If it's a better position and the same amount of hours, the stress level may be a bit higher, but the experience of moving from Accounts payable to Financial Planning Assistant may be a good choice. First it will demonstrate that you excelled at your first job to be noticed and offered the job as the Assistant. Then, it does show that you have a solid background in Accounts and Financial Planning. Right now you're building a resume and learning how to conduct yourself in the adult world. If the pay is better and the hours are the same, I'd take the new job and learn from it. If you don't like it, you can always look for another Accounts Payable position and return to that field. Furthermore, ask the new company if they will allow you some time for shorter hours during slow seasons so you can concentrate on your studies. If they realize you are balancing school along with their work and showing great promise, you'll probably make a good impression. Negiotiate some terms, know what you can do and cannot do based on the hours you may need for the advanced accounting courses--give your two weeks at your old job if you choose to take it (Leave in good standing as you may need them as a reference) and move forward. It sounds like a fantastic chance, just know what you want and be clear. If the job meshes with your goals, then go for it.
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