If you answered YES to any of those questions, read on because this may be an alternative career path for you. However, with courage and some smart planning, these dreadful financial troubles can be avoided. To make matters a little less difficult, I’ve compiled a list of four major financial issues that millennials face today. And if you’re not a millennial then, you must read on to assist the millennials today and help them stay out of these financial pitfalls.
With so much pressure from right, left and center, it is only wise for you as a millennial to have a long term financial plan to back you up and keep you away from a financial mess. A financial consultant or an investment advisor can be the right choice to talk to for long term financial goals and where money is involved. The R.F.P. designation is conferred by the Institute of Advanced Financial Planners.
For a much deeper insight into common financial mistakes, download the following wealth guide compiled and share by Christopher James Nolt owner of Solid Rock Wealth Management. The Certified Financial Planner (CFP) designation is an internationally recognized standard for financial planning. An advisor with a CFP may help you with personal financial planning and offer advice on investment products and strategies.
The Certified Health Insurance Specialist (CHS) was established by The Institute for Advanced Financial Education to raise the professional standards and practice methods of financial advisors in the health insurance sector. They have extensive training in accounting, tax and financial management and are required to adhere to a code of conduct and a mandatory continuing education program.
The Chartered Life Underwriter (CLU) is a professional financial advisor specializing in developing effective solutions for individuals, business owners and professionals in the areas of income replacement, risk management, estate planning, and wealth transfer. A Chartered Financial Consultant (CH.F.C.) is a financial advisor with advanced knowledge in wealth accumulation and retirement planning.