How I Became a Financial Advisor
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- Опубліковано 2 чер 2024
- Advisor Secrets Newsletter: josholfert.ck.page/2fad371c0a
Today we talk about how to become a financial advisor an the best tips for becoming a financial advisor. What do you need to become a financial advisor? I became a full time financial professional by following this advice.
Instagram: / josh_olfert
Twitter: / josholfert
Haven Wealth Management: www.havenwealthmgmt.com/
Josh Olfert is a professional CFP financial advisor and the Founder of Haven Wealth Management investment fund based out of Winnipeg Canada. Through this channel Josh shares his knowledge of wealth accumulation and personal investing to the world, in an effort to improve financial literacy and help everyone achieve their financial goals.
All numbers and figures discussed in this video are purely for illustrative purposes and are not to be taken as financial advice.
Emotions aren't useful when assisting with financial planning. Being ethical and analytical is crucial. I believe the retirement crisis will worsen. Many struggle to save due to low wages, inflation, and high rental costs. With homeownership out of reach for the middle class, they may not have a home to retire in either.
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
Mind if I ask you to recommend this particular coach you using their service?
thank you for this lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@DavidAntony-gq7id This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.
@@BrunoLuke Oh, that sounds good but how do I reach out to MARTHA ALONSO HARA
@@DavidAntony-gq7id quickly do a web check where you can connect with her, and do your research with her full name mentioned
@@BrunoLuke Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me
Notes:
1. Know your stuff: Understand the ins & outs of your craft.
2. Produce content on the internet: content, blogs, social media posts, and everything else you can produce. This helps in building trust. Do this consistently.
3. Become more personable, approachable, and likable. How you get in front of the client and the actual meeting - are two different processes. After the first 10-20 meetings, you will find your 'voice' as an advisor. You will do this year after year.
4. Instill patience in your mind.
5. Read about investing, finance, economics, and accounting way before you jump into the waters. Clients will grill you when you advise and charge fees. The license and certification exams will only give you the bare minimum.
The gestation period will be 2-3 years and the success rate is somewhere close to 25% across advisory classes.
My man!! 🙏🏽
📌 I don't know who, but someone needs to hear this, you've got to stop saving all your money. Venture into investing, if you want financial stability.
Absolutely, I have been putting some money into real estate investment trusts (REITs) and I'm seeing some great returns.
Lately I’ve been thinking of buying stocks and cryptocurrency for retirement, I've set-asides a certain amount of capital to invest but along the line, I usually get cold feet, maybe because I have no idea what I'm doing, please I could use some guidelines.
@@johnwilson4283 In situations like this, I always recommend to people on getting guidance at least from someone that understands price action and all that while they strive on improving themselves by watching videos and learning fundamental analysis.
Investment guidance sounds like a great idea, I've thought about it before but never knew how to go about it.
@@steffan683 Yeah, I started investing a little while ago and I've come to realize nothing beats first-hand experience…Investing with Loretta Wilkinson has been the best experience ever. The experience has been the best for my finances.
I would LOVE more content about licensing (series 7, 65, 66 etc..) and the general “business side” of financial services
Yes please 👏🏾👏🏾👏🏾
I literally just gained the passion about finances. Every night before I go to sleep I read books I bought off of apple library and take notes about finances. I’m going to school for accountant so I can learn that skill. I will become a successful financial advisor and gain the trust of the people.
Thank you! This is helpful. I'm sure you've heard this a thousand times over but really, thank you!!
1. You have to know your stuff
2. Produce content on internet
3. Be personable
4. Be patient
Great videos Josh - I am now years in as a CFP and let me tell you, it gets easier and you love this career more every year. Between new money, PACS, market growth and referrals, the amount of new biz that just shows up now is incredible. But, you must always be prospecting (in person too) Keep it up!
Thanks Brandon! I appreciate your support and encouragement! All the best in 2021 👊🏽
Thanks for sharing, Brandon.
Great video, I appreciate your way to help people. Wish you everything best man ❤️
Invaluable content Josh, I cant thank you enough. This advice will be a good foundation to kickstart my career.
Amazing! I'm so happy you found it useful.
Excellent video!
Thank you very much for your hard work.
I just started as a Financial Consultant. Thanks for the great advice and inspiration to keep pushing.
1 year later. How do you like it?
@@defundme2647 thank you can I ask what kind of schooling you went through. And I appreciate you replying!
@@defundme2647 thank you!!
I'll give you a like for this. Completing my series 66 next week after a full summer of LH&A, SIE and Series 7 studying. I'll finally be able to start up in the office in August and I'm super pumped and nervous about it, these are great tips
Absolutely Jonathan! You could always start as an Advisor Associate where you would be helping a more established advisory run their practice and service their clients. A great stepping stone! All the best 🙏🏽
What is LH&A? I’m only 17 and considering this type of career, please inform me
Enoch Aparicio L A and H means Life and Health insurance producer license. There are two exams, 100 questions each. With the Life insurance exam passed and your license application accepted; you can legally sell life insurance and fixed annuities. With the health insurance exam passed and application accepted, you can sell health insurance and medicare supplement policies. These are often the first ones to pass when you join a firm, depending who you work for.
Thank you for the advice and inspiration! I will definitely start to put more content on the internet, I look forward for more of your content!
Love it! Thank you!
It's awesome how honest you are, am having my CII exam in April but am already freaking out. You have made me relax Abit. Thank you
Thanks Jolly!!
I’m an FP and I really enjoy watching your videos, the certifications and licensing were a walk in the park (and I did all you mentioned plus a postgrad in under 1.5 years) compared to my experience breaking in to the business so it’s nice to hear someone else say it’s difficult.
Thanks for your support Catharina!
Wouldn’t wish it on my worst enemy but the benefits 4-5 years out are worth every bit! It made me a much better person.
Haha very true! Lots of character built. Keep up the good work!
Agreed, Catherina.
Thank you. When will website be back up and running?
“Probabilistically.” There’s a word I haven’t heard! Haha
It’s a great one
Got like 9 pages of notes from this. Much love ❤️
Amazing! Thanks Boston!!
Hey. Thanks for the content. I want to become a financial advisor, you keep inspiring people.
Thank you 🙏🏽 Appreciate it!
New RIA firm here, what are the archiving requirements when it comes to texting your clients. I saw one of your videos where you said you text clients. Do you archive those messages to stay in compliance with SEC or some other state or local regulator?
great vid. Thanks
That was great content. Love it. its a struggle at the beginning.
Thanks Dietrich! Its the most important thing to know going into ANY venture.
Hey, as a college student, in junior year majoring in finance, how should i dip in to this career? What internship should i look for? Any particular skills?
It’s a sales oriented profession
Just posted my first video on how I became an FA! Thanks Josh for the motivation!
Unreal! You got this!
First video and I love you lol very natural and informative. Thanks for making me rich 💰💰
Thank you!! It doesn't always feel that way. I appreciate it :)
Just getting started in the industry. This gave me great insight and motivation. Thanks for the video!
Thanks Jack!! Glad it helped.
I have a question for you- How do you originally get your clientele when first starting up? For example your a financial advisor who wants to start their own business, what are the first steps taken to find the right people. Occasionally when first getting into the business most people's social media would just be there friends and family which is a start but at a young age like you said most people aren't into that or trusting someone young with their money, so how do you possibly find others or people who are ready for financial services?
Thanks for the question Jack!
If you share ideas and thoughts across the internet and social media you’ll quickly come to learn that there’s money everywhere. Not just older people. The amount of people under 30 I’ve met with over $100K in invested assets (inheritance, family business, self made, etc) is way bigger than I expected and it’s only getting bigger.
In the mean time you crack open your phone. Go the the contacts list, Facebook friends, IG, Twitter, LinkedIn and you send a personalized message to all of them asking for a meeting - this is the hardest stage of the career. It was worth it but I’m glad it’s behind me (People don’t remember you nagged them 4 years later)
Loved this thanks! Marine vet here, thinking about doing a program called “VetSTEPS” to transition into a finance career. Will definitely be keeping this in mind!
Awesome!! Glad you may have found this useful.
Me too bro. Ex Navy, going through the program right now.
@@CAM-cn9nr just seeing this brother better late than never. How’s it going
Thank you so much for this @Josh Olfert, it's really inspiring. Have met only a few many good ones in this line of business.
You're right @Conor Kenny. I met this gentleman who changed my life, Franklin Hatchett, he's a financial advisor and also an asset manager, has really helped me, never wanted to go through the stress of trading myself, it's just not for me.
Wow! You do know Franklin Hatchett @Mason Brook, I'm so happy to have found someone who is working with him, it's good to meet you here, we should connect and get to know each other better. Here's his whatsapp line for anyone who will be interested in joining his team.
➕ 2⃣ 7⃣ 6⃣ 6⃣ 3⃣ 8⃣ 8⃣ 9⃣ 0⃣ 4⃣ 3⃣.
Man's really a life saver.
I know he has already made an impact in your life
Very informative!
Hope i will be a financial advisor soon i will be trained next week. I really need this to pay all my debt. .. ❤thnks for this video
Congrats!! Best of luck. Thanks for checking out the channel.
Hey man I’m a new sub and I’m only 13 yrs old. I’m picking my gcse subjects tomorrow and I want to do something with business in the future. I’ll be watching your vids to help me out. Thank you man
Appreciate your support brother! That's awesome! I highly encourage you to read great books early. It will accelerate your progress a ton. All of the learning in business is done in real life or by reading the great books. Here's some of my favorites. They will not disappoint: jolfert.com/reading-list/
Starting my FA journey in March. Worked in wholesaling at a top 3 firm on the institutional side. I’m ready for the peaks and valleys of building my book. Thanks for the video
Love it! Wishing you all the best. Glad you found the video helpful.
By the way, I wanted to put there here if you're down: josholfert.ck.page/2fad371c0a
These videos have truly been the most helpful to me. Thank you so much.
Amazing Troy! So happy it helped. Are you transitioning into the advisory business?
In what ways do you recommend we use social media, as you said blogs and podcasts, what exactly sorts of info should the content consist of?
Whatever information has resonated with you! Its very hard to be a producer if you’re not already a reader. I’d highly recommend starting with Morgan Housel or the Ritholtz crew and see where that rabbit hole takes you. Investing and wealth creation is such an exciting thing to write or talk about, you just have to read enough that you can start to connect the dots and the big ideas. As a content producer you’re not trying to make breakthroughs like Einstein, you’re trying to be a tour guide through a new domain where your readers know a little less than you. Cheers!
I'm debating if I should become an insurance agent or financial advisor...
Thank you for sharing :)
Thank *you* for watching.
What’s your website where I can get a list of books to read? I am in my first year of Financial Planning degree. I am super excited to get into the field
What book or video do you recommend for improvement? N how can I know my stuff better to make better choices with clients money i dont wanna mess up anyone savings or income
I want to be a finance manager... And what are the pathway for this??
What's your thoughts on doing a apprenticeship vs a college path to become a financial advisor ? Got an offer to do a apprenticeship so was just curious.
An apprenticeship is a great opportunity and you will learn a lot if you really set your mind to it, like stated in the video. The thing about getting a degree and certifications is that people will automatically have a higher level of trust in you than when you don’t have degrees/certifications, because you’re educated. So, this leads you to really needing to know your stuff and being able to prove your worth to the client. I have a BS in Finance and an MBA, and having the BS is nice, but in this industry you need to stand out like he says in the video, and having an MBA has placed me much higher than those with only a BS. Next I’ll become a CFP and will gain even more trust and stand out even further. These formalities only make it easier to enter the field and gain client attention, but it will ultimately come down to how well you know your stuff and your interpersonal skills. I would choose a an apprentice who knows everything about finance over an MBA who doesn’t know Jack.
Do you have advice towards someone that lives for personal finance and business. All I think about is improving whatever I'm using or doing.
If you’re open to it, dive into psychological literature! Most people who have read the gauntlet of personal finance books can learn more about personal finance through understanding human psychology than reading another finance book. Cheers!
im really good at finance ... its my top subject right now I get distinctions all the time in economics management . so It wouldnt hurt trying to become this
If you're willing to grind it out for 2-3 years for no reward, it can be the most rewarding decision you make.
Hi Josh,
I know this is an older video so I hope this doesn't get lost. I am approaching my third year as an advisor but I still constantly find myself overwhelmed with all the different avenues of knowledge we need to dive down in order to be competent and versatile. I'm currently working on my CRC and I have gone through one round of the CFP exam and I got my butt kicked so I am waiting until next November to try again. My question for you is; at what point did you start to feel credible and confident in your role as an advisor? I still frequently find myself nervous to speak with clients because of my fear of "not knowing it all."
As someone who wants to start a career as a financial advisor where would you thinks the best to start I’m 20 from the UK and been looking online and nothing gives a clear answer is it worth going straight for a course on financial planning or would you recommend something different
@@snowtfl5617 the first course I did was called the WMS which is a fairly basic level designation you can easily get that helps with some of the fundamentals as you begin your Series 7. A lot of people start out in a sales position which I wouldn’t recommend because it’s very cut throat and it’ll burn you out super quick. Realistically I’d see if you could do any internships or find a boutique firm that is willing to take you on as you start your series 7.
hey man! could you show us your route for acquiring a CFP? thxx would help a lot
Here you go! www.kaplanfinancial.com/cfp/exam-details
I definitely have an interest in financial advising but I have no idea where to start. I love the idea of being one on one with clients, answering questions they have, sharing knowledge, etc, but my knowledge of finance is very limited so obviously I’m more intrigued by the idea of it than anything. Where would you recommend starting to build genuine knowledge of all of this stuff?? Thanks.
Get super strong with the fundamentals! I’d highly recommend going through all of the finance books on my reading list: www.jolfert.com/reading-list
@@JoshOlfertCFP awesome, thanks for sharing the list! Just wondering, is there a way to read them all either for free or without having to buy them? 😅
Hi Josh, where is the link for the books you recommended?
Hi, what it takes for a financial advisor? Is it a female profession or male dominated industry since male is good at numbers? How's finance career? what is needed? What if someone not used to numbers or excel? Is financial career similar to accounting?
Where to look for to work as a financial advisor? How long is usually takes? How to know about those financial products such as mutual fund, ETF? Does ETF is the same thing among other ETFs, Does Mutual fund is the same thing with MER as other mutual fund? Please suggest whether it is a good career path or not for someone who is economically literate
Hi Josh, I’m interested in this field but I’d like to see if it is a good fit for me. Is there a job that aids a financial advisor without having to pass all the tests first. Sort of like if I wanted to become a lawyer it would be a good idea to be a paralegal to see if law is the right fit for me. Thank you
Client Associate. Its basically a support role to the advisor/s you’re working under. Lots of dealing with clients to resolve day to day issues and completing administrative tasks.
How long is the process to get certified to become a advisor
I have a IRA annuity that gives me interest income on monthly basis, can the monthly income be converted to Roth by first rolling it over to ira rollover account(no tax on monthly income) and then converting(pay taxes) to Roth, it should be conversion not contribution. because contribution will have a limit of $6000/$7000 but conversion will not have any limit. Goal is to increase amount in Roth breaking the barrier of $6000/$7000. No where in google search some has asked this question.
Quick question please respond! Lol I work remote for a an amazing retirement company Voya financial. I work as a call center rep and I am somewhat knowledgeable on different retirement accounts as I work with agents on rollovers and withdrawals and things like that. Long story short I see they are hiring for a financial advisor and pay says 80K-90K. Is something like this still commission based or will it be different from what your explaining. Please help or guide me as much as possible. An advisor sparks interest to me
Subbbed !
Lets go!!!
So what would be the job someone should look for if they’re very into investing and the idea of building wealth, but may not want the client-facing side?
Great question! In that case you might pursue a CFA designation and become an investment analyst. If you're less busy dealing with clients face to face you can have a role that is hyper focused on identifying great investment opportunities. That's typically what a CFA does!
@@JoshOlfertCFP thanks for the reply! I will look into that
I'm wanting to make a career change and become a financial advisor. How do I start?
I was recently hired and had my contract triggered with a company. I’ve passed my state exams and have over a decade of previous commission sales/ consultation experience. But I have to say I’ve never felt so overwhelmed beginning a new career. Any suggestions?
Which area are you finding overwhelming? The technical knowledge? Client relationships? Prospecting?
@@JoshOlfertCFP Mostly technical knowledge sir. I currently am attending a course that helps to cultivate relevancy of knowledge to the profession and putting into motion for accruing a book of business. Most if not all is done over zoom. I have been quite successful in other professions and nothing has come with immediate ease I’m hoping through time and practice this will become second nature as far as relating the needs of the client to the exact solution. Any books you’d recommend?
Great info! What books you recommend to begginers or people who is interested in start this field
Glad you enjoyed it! www.jolfert.com/reading-list
Where can I find the books?
Apart from referrals can you please make a video of where you would meet new clients? Can you please make a video about that
Thanks for the recommendation. On it!
I can’t find the list of books on your website did you remove them?
Sorry! Books are on the personal site. www.jolfert.com/reading-list
Hello, the website is undergoing maintenance. I wanted to know which books to read, please.
You must be going to the corporate website (currently being built)
Personal is here: www.jolfert.com
I'm thinking of going from nursing to financial advising, because I'm becoming so interested in personal finance. Is this a good idea? For a person to do this with 0 business/accounting background?
I don’t think that having little business/accounting background is a big hurdle! You can always learn that. I’d more so be concerned with moving from a job with a nice big, steady paycheque, benefits and vacation days to having to get your own clients to survive (which is typically how the business goes). In all likelihood it will require a big downsize for the first few years. Hope this helps!!
@@JoshOlfertCFP thank you, Josh! :) what are your thoughts on attending school for financial advising? Worth it? Or just learn online?
Imagine walking into Starbucks and some random writes you a check for $200k 😂
I am 18 and I want to become one....and I am still in highschool I really needed this thank you
Glad you found it useful!
Same! I’m happy I started early because I instantly fell in love with it. I actually work with a financial company right now remotely and part time. I’ve learned so much. We’re looking for more people to join the business. If your interested you can let me know!
What advice would you give to a high schooler interested in being a financial advisor ln the future? And what should they do after high school to achieve this?
Start producing or curating online content! Build an audience of people over a long period of time who are interested in what you have to say. If I had kept writing my initial blog I started a decade ago I’d be 10x further ahead in every way. Building a reputation online is 100x as powerful as any credential or degree. Start now! People say “you’re young you have time” but that’s not true. Around your mid 20s life starts moving really fast. You want to have a platform, a base or a head tarts before then. Cheers!
@@JoshOlfertCFP thank you so much for the advice!
What advice would you give to a 30 yr old whos been working in sales and want to transition into the finance adventure? No degree, no diplomas and new to finance. I have no reputation online but looking to start? Im very interested in marketing as well so I believe I can try to market myself out there. Any advice? thanks
@@NINO-gv9ds he basically said there’s no hope for you bro
@@corey258 lmao 7 months passed ive already 4x my income
Thanks bhaiya
I’m going into my first year college for a financial advisor what classes are required and should I do the bachelor or associate
I’m of the view that university is overrated for this career. I never even went - although now I believe the CFP board is requiring a university degree. Take this with a grain of salt, but my view is that you should get out of University as fast as possible so you can start self-leaning (reading the foundational books in personal finance) and create conversations (creating content, meeting people, building your network)
They require any degree now
You need a full bachelor's degree to become an advisor. Secondly, go with a solid degree, you don't need a business degree to become an advisor (Business is very competitive as the GPA requirement is very high). Talk to your advisor, you don't need any specific class for financial advising, but related coursework does help.
Visiting Colorado from West Virginia near Pittsburgh... I am interested in this profession... I signed up for Tim Sykes for penny stock investing.... Any suggestions?
Did you do it part time initially when you first got started and had another full time job?
Hey Liridon!
I didn’t. But that’s becoming common. Many people getting into the business these days work two jobs to make it happen.
But there’s no avoiding the pain. The first 3 years are miserable and there’s not much you can do other than to plow through it.
Would you mind recommending where to invest in stocks and charge some process fee- I have no time to do research but ready to invest
If you're in the USA, use liftoff by Ritholtz.
If you're in Canada, contact me at my website jolfert.com
Is it possible to become a financial advisor without having a bachelors degree or a college diploma. Would you be able to pursue financial advisor career path with only required licensing? Thanks
It certainly is possible! I think some of the more respected credentials (CFP, CFA, etc) are all starting to require it (which is totally backwards and misinformed). All of that to say I think that if you forgo the formal education route you better make up for it in other areas (domain knowledge, sales ability, communication skills, etc).
Liked and subscribed!
Happy to have you!
@@JoshOlfertCFP happy to be here!
I am rather new to this industry, about a year in and working for Fidelity, but I want to work independently. I have been in mortgage for 20 years and I am great at sales..... I am just looking for more independence than fidelity has to offer. I've always been 1099d. What are some good companies to work with if you are interested in building your own business?
Hey Brian! This is a great question and really depends where you are. I think its a great idea to look for RIAs in your area as opposed to working with a big bank. The independent world is the future in my opinion. Its tough to recommend something more concrete without knowing more. Hope this helps!
@@JoshOlfertCFP Thanks Josh.
Im apart of a hiring team for a company right now in Financial Service. The main goal is building a business! We are always looking for eager, motivated people to join the company. Let me know if your interested!
Hey Josh I am in high school and want to get ahead of the game. Just was wondering if you need to go to a target school for finance... where did you go? Love your stuff!
Hey John! Good for you man. It really depends on your ambition level. If you’re willing to go all-in on improving yourself as a person (interpersonal/communication skills, sales skills, investment and financial skills, networking, getting our of your comfort zone) there’s no need to pay for an expensive or specialty school, even in finance. If you’d like to take the traditional route, probably best to think harder about academics. Cheers my man - That desire to get ahead young tends to be a self fulfilling prophecy. Stay consistent, work hard and avoid FOMO.
@@JoshOlfertCFP Do you have any courses I can take or books I should read that you recommend?
1. Know you’re stuff
2. Produce internet content
3. Become personable
4. Patience
Oh and talk with your hands way more than you should.
😂
lmao
I find one of the things not often talked about is mental health as a financial advisor. There's a lot of pressure in the business. I'm fairly new myself (less than a year) and I'm struggling with the thoughts of whether I will make it. Did you ever feel this way?
Hey Antonio! You're absolutely right. Advisors don't talk about it because who wants to sign up with a mentally unstable advisor? You have to shoulder all of that pressure yourself because expressing it publicly might hurt us. The good news is this made me much more resilient of a person.
EVERYONE felt that way. I did. All successful advisors did. What helped me was to focus less on achieving success and focus more on just surviving another 12 months. Success will become a byproduct if you can survive. Once you get the flywheel spinning its just a matter of time in this business. 12 more months!
@@JoshOlfertCFP Fantastic response. It's tempting to want to throw in the towel at times. In my case I have a very persevering personality no matter the circumstances. I like that approach. 12 more months!
Curious, do you have any particular book recommendations as I get started that helped you?
www.jolfert.com/reading-list
Also, join the newsletter. I’m going to get active there shortly.
Hello, what are the top books?
Hey man, just stumbled across your channel and I love your content. Which books would you recommend reading for as far as educating yourself aside from the licensing courses goes?
Thank you! Got one for you right here!
ua-cam.com/video/KlaeuB-3qx0/v-deo.html
Should we start up with a firm ?
Love the content. How’d you prospect??
It started very rough. Sitting in an office with my manager and working through my iPhone contacts and contacting any of them who I thought might listen.
The most productive form of prospecting was producing and curating online content and sharing across my social platforms for 6 months-1 year.
What are the exams to get licensed?
Im a new advisor and I really appreciate your videos!
Thank you Evan!! If by “new” you mean
Josh Olfert by new Im saying 1 month in!
Stay strong! See it through for 2 years.
Hello.
I am new to the Chanel and found this video interesting. I am only 15 but am confident that I will be making a career out of this. I would really like any suggestions or tips on what to do from my age to get started in this career. Obviously I can’t do a whole lot but any suggestions would be appreciated.
Thx
Hey Andrew! Read all of the foundational books in personal finance and investing, summarize them and then write a blog post about them! Hone your writing and speaking skills and let all the big ideas synthetize in your mind. As you get more comfortable you can start to create content about it online and share it with your friends and audience. Eventually you'll build a mico-brand as the person to go to for investing.
@@JoshOlfertCFP thank you for your reply. What books do you suggest are some of the bests to read and are most relevant and informative. you say to write blog posts about my findings, where do you suggest I post these. if you have any other tips or suggestions for me to be succesful or what you have learnt, be sure to let me know.
How did find a good company to work for ?
where could I find a personal trustworthy financial advisor administrator? No idea where to look
A referral from a person you trust is always best!
Did you get a degree or anything from a college and would you recomend getting specialized education to someone looking to enter the industry?
Hey Luke! Thanks for watching.
I intentionally avoided it actually. I ended up getting my license and credentials immediately after high school. Although this was a homerun for me it appears to be less and less of an option as many of the financial regulators are starting to require a degree (which is the most backwards thing I could imagine). I'm really disappointed by that but hopefully your national/state/provincial regulators don't require that yet.
Pls.. Share to me the books you used
Why do you not show up on FINRA
Like to go in a office and work and than work my way up to creating my own firm
Does producing content on the Internet go against FINRA anD SEC rules?
I am based in Canada! So I’m not necessarily sure about FINRA and SEC. But I do know that most of the dumbest regulation around online content comes more from dealer firms then the actual regulators themselves. It makes sense, you can’t have advisor saying whatever they want for making outrageous promises on the Internet. I started my own firm primarily for this purpose.
@@JoshOlfertCFP oh okay I see thanks for the info boss! Keep up the great work!
Can someone be a self taught financial advisor or you need a degree do it, I’m interested, but I’m in my final year in the university studying Bsc. Public health. After school I want to pursue my passion which is helping people make to more and making money work for them. Your voice was helpful and I don’t mind how long it takes
Definitely possible! It might be harder. But you just need to start by finding the regulations in your jurisdiction.
Ozark inspired me to become a financial advisor
LOL.
I am 16 years old soon to be 17 and my goal is by 25 to make at least 6 figures a year. I also really want to make one line content too! Do you have any advice for me that could help me peruse my goals!!
Can you become a financial advisor with a management bachelors degree ?
Absolutely! I became one without any degree (although that's getting harder to do).
A management degree is more than enough.
Does this apply to all states?
If I’m honest the principles apply but the specifics do not. I operate in Canada!
What program should you study in college?
Take this with a grain of salt - skip college.
@@JoshOlfertCFP can you be a financial advisor with a degree in finance or accounting?
Should you have license for consulting ?
Consulting is a broad domain. It can really mean anything. If someone is good enough at selling themselves they can get paid to consult on just about anything. A good consultant provides real value and will often have credentials to back that up. But in the financial industry If you're going to sell and distribute financial products as part of your consulting that's when a license is required.