Why I Became A Financial Advisor

 

why I became a financial advisor

Thanksgiving Day is almost here!  This is the time of year that many people think back on events and give thanks for their blessings.  Since it’s a great way to maintain your perspective about life’s ups and downs both personally and professionally, I’ve practiced this for years. 

Some of my blessings are personal, but there are professional blessings as well.  And since I’m often asked why I became a financial advisor, I want to share how my profession makes my blessing list.

History

When I was very young and something from the gumball machine or a new toy caught my eye, sometimes the adult’s reply was “No, we can’t afford that.”  Of course, my next question would be, “Why not?”  Even though there were various responses from parents and caregivers, as a child I heard – we didn’t have enough money. 

One day I had an epiphany.  Since I realized that some people had more money and some had less, I would become President and divide up all the money equally.  My heart was in the right place even if I didn’t have a grasp on economics and human behavior.  If only helping others was that simple!

As I grew older, I learned that people spend or save their money based on what they know or have learned about it.  Unfortunately, this isn’t always ideal since we may be watching and learning from others making financial mistakes.  As the saying goes, we don’t know what we don’t know.  And it is hard to talk about money with other people, so few are brave enough to ask.  Sadly, even some of those who ask may not be seeking answers from the right sources. 

When I became an adult, I learned of a financial disaster in my family’s history.  You too may have similar stories in your family history.  Many years before my lifetime, one of my ancestors was given very bad financial advice.  This family member didn’t have much financial knowledge and thought the advice-giver was a good resource.  They acted on the suggestion without double-checking that it was appropriate for the situation.  Unfortunately, the resulting loss of assets changed the family’s standard of living significantly. 

These events were the spark of my interest in financial literacy.  I thought, “If only more people had an opportunity to improve their financial knowledge.”  Ultimately, I decided that I wanted to be a trustworthy resource and help educate people to make more informed financial decisions.  So, I followed a path that allowed me to become a Registered Representative[1], an Investment Advisor Representative[2], an Insurance Agent, and ultimately a Certified Financial Planner™ professional

Blessings

Year after year I have been able to count these blessings.

Helping People

I have the privilege of helping people with their money, which impacts their whole life.  It’s rewarding.  I feel like a superhero who is fighting the evil villain of financial illiteracy.  I have helped some clients find ways to keep more of what they earn by shedding light on tax rules.  And I have helped some feel more confident that they can retire and live comfortably by helping them plan their cash flow in retirement.  There are even those who were able to increase their net worth over time through a consistent savings and investment plan.

Meeting People

I enjoy the opportunity to meet people from diverse backgrounds and professions.  Whether I’m collaborating with individuals, families, or even advising employers about their retirement plan offering, I encounter a wide variety of situations and needs.  I get to hear their stories and find out what is important to them.  Then I can provide information and suggest strategies to help them address their needs.

I Am Never Bored

Some people are happy doing the same thing every day, but I feel blessed to have variety in my day.  I am never bored.  Not only is each client different, but their needs and priorities can change over time.  The movement of the financial markets may require us to evaluate progress toward their goals and adjust the strategy being employed.

I Am Always Learning

Whether I’m reading about legislative changes that may affect my clients’ strategy or listening to market experts share their insight, I am always learning.  Even time spent helping clients seeking to improve their financial lives allows me to learn something that may help me with another client.  After all, one of the best ways to truly internalize something is to teach it to another person.

Summary

You have the power to succeed.  You decide your fate and make your own decisions.  You can live your life the way you choose and move ahead based on your own efforts.  So, why not take advantage of available resources to help get you where you want to be?  Financial planning is simply a process to pursue goals through the management of your financial resources.  

I feel blessed every time a client can purchase a home, pay for college, or retire.  But it’s important to know that financial planning is a process, not a once-and-done event.  The financial planning relationship is special because clients share details about their financial and personal lives.  I am grateful to be a part of each client’s financial hopes and dreams, as well as their fears and concerns.

Whether you are just now starting to realize the importance of your financial plan or need help developing one, you may find it helpful to speak with a Certified Financial Planner™ professional.  Be sure to visit our website today or call us at 217-605-8130.  At Connections Financial Advisors, our mission is to help you make more informed decisions to better your financial position and reduce your financial stress. 

[1] Registered Representative through LPL Financial.

[2] Investment Advisor Representative through Private Advisor Group.

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