Monthly Archives: March 2017

I Will Never Ignore Financial Planning. Will You

There is an increase in the number of those people who are hitting the road for financial planner training. Why most of the people today have a question that- How Do I Become A Financial Planner? The reason is very understandable. The economic slowdown in most of the countries and high unemployment rate has forced people to have a careful inspection of their personal finances and to seek ways to maximize savings from their limited earnings. In our everyday life, there are lots of issues that imbalances our budget. The history has seen firms making big losses ignoring the financial formulations.

There are few common financial mistakes many small businesses may make and end up bankrupt which should be seriously kept in mind are-

– Many companies fail to set measurable financial objective.

– Companies may misinterpret that investment training is the same as financial planning education.

– Most organizations give preference to normal graduates over graduates with financial planner certificate as the former is cheap. By doing this, they de-emphasize the importance of periodically re-evaluating their strategies and don’t realize until they face a capital crisis.

– Anticipating unbelievable returns on their investments.

Most of the businesses have become aware of the losses they can face and hence emphasizes the importance of Financial Planning Education among their employees. The earlier you start with your financial planner training, you may get a better bang on your buck.

This has increased the demand of professionals with financial planner certificate who can guide and plan for the individuals to meet their business goals. It is very important that a financial planner must have certain set of skills to be successful in the industry. Companies usually need planners with the background in economics, finance, business, accounting and law. A certified financial planner must be strong in Mathematics and must possess analytical skills. Colleges of Financial Planning Association Georgia are the most accepted and famous stage to crack this difficult exam and to gain most distinguished Financial Planner Certificate. Within the Financial Planning Association Georgia, the colleges are high in number who provide financial planner certificate courses, but it is crucial to find a right institute which has been accredited by Ministry of Education. One should have a detailed knowledge of the course material provided by the institute and the year on which it has established. A research should also be done to compare the education cost with other financial planner certificate providing institutes.

A student has to go through a series of online course materials and then online tests. Although students with financial planning education do not require any certification, but to get a title of Certified Financial Planner (CFP) is very alluring, both to the professionals and the companies. But before going for any such financial planner training, a professional must ensure minimum three years of experience in relevant field. A person can choose a regular campus training or the online training which has become much more popular. Online courses are well designed to meet the speed of a beginner and advances as the training progresses. A Financial Planner Certificate through online can be earned in as close to six months. And what more, you can make a bright future in well established company as a CFP.

In times like this, when personal finance has become such an important concern, many fresh graduates have a question about how do i become a financial planner? More people everyday are joining financial planning association to get a financial planner certificate.

The Most Common Causes of Financial Problems

Most of us know when we hit a financial disaster, usually we can even trace the beginning of the process that led to the financial failure, but the problem seems to be the fact that some people keep repeating the mistakes, or adapting new problematic methods of trying and solving problems.

The wise financial planner would first consider his own strong and weak points before making financial decisions and would draw conclusions for the experiences he had in the past, the few points that ultimately lead to financial disasters that I will discuss here are very basic and natural, yet many people do not practice the least amount of caution when making plans.

The first and most prominent problem with bad financial planning is that the planner has no financial education, in this case I would strongly advise seeking professional help. Most of do not have formal financial education, and many of us do not understand the financial basics that rule the markets, other do not want to go into these calculations, but all these groups should start by admitting that they do not have the knowledge of dealing with financial planning and look for someone who does. The great benefit of listening to advise of experts is that it teaches you things, the approach to financial planning, the basics of a new financial plan and much more, it is very possible that in a few months you will be much more educated and better informed in a way that will allow you to start making your own calls.

The second problem is making decisions and planes letting other people manage you finance for you, and I don’t mean letting you professional financial planner but friends, neighbors and family. Even though these people have the best intentions, it is very clearly your own responsibility to take care of your personal finance, and as much as it is unpleasant to make financial plans and take care of your personal finance it is a fact of life you must practice.

The third, and last mistake we are going to discuss is choosing the wrong kind of financial advisor, some people are tempted to let the wrong kind of people manage their finance situation, this includes insurance experts, tax experts and other financial experts of all sorts. It is important that you find a person that you have good communication with , that understands you and what financial help you are seeking, and that this expert be an expert on the issues you need help the most, do not let personal relationships, family connections and business relation dictate the financial expert you use, it is of extreme importance that this person is as close to being perfect for you as possible. The best thing to do is to look for a person that works in a financial office and makes his money by advising and managing personal financial accounts, someone that has been around for long and that will have the experience to guide you through the processes.