A Financial Question

Someone on Quora asked this question

I enjoy planning things out and teaching my friends how to live frugally and save for early retirement.

What steps do you need to take to become a financial planner for you to have a non-financed related undergrad?

My Response:

Would you hire a plumber to fix your sink or toilet with no experience?

• Teaching people how to live frugally and save for early retirement is not all there is to financial planning-no one gets wealthy of a pension.
• In order to be successful as a True Financial Planner, you’re going to need high-end financial knowledge and training.
• Some Financial Terms-Capital, Business Model, Accrual Method, Barriers to Entry, Cash Method, Consumer Segment, Convertible Debt, Fixed Costs, Gross Profit, Gross Revenue, etc.
• There are no short-cuts.
• You need to understand psychology, global economics, investing, effective business systems/ strategies, wealth & estate planning, taxes, etc.

You must have good knowledge of a Diversified Investment Portfolio which includes:

• Businesses usually 7 or more
• Real Estate-Residential, Second Home, & Commercial
• Precious Metals-Gold, Silver, Rhodium, Palladium, Platinum, & Plutonium
• Equity
• Annuities
• Natural Gases & Oil Investments
• Rare Coins, Stamps & Antiques
• Forex-Foreign Currency Exchange
• You may say wow that looks like a lot of work-yes it is!
• Why because this is how wealthy people live.
• The next time you meet someone who claims to be a financial planner-run this list by them and watch their reaction.
• If they say you’re right I can help you further with that-it’s a Green Light.
• If their response is like a frog staring at a new gate who doesn't know whether to go in or go out, walk away.
• Check out websites like The Erdmann Group located in Greenwich CT-note a lot of billionaires live in Greenwich CT-so you know this is a highly-credible financial planning firm.
•  Add to that there’s a group on Facebook who Livestream claiming to be an authority on Financial Planning they say they're the only ones with wise financial solutions to make people wealthy. My question to them is why are you Livestreming on Facebook? How many high-end investors are on Facebook?
• Did Floyd Mayweather go on Facebook when he invested $50M into 9 commercial buildings located in N.Y. now worth a total of $ 9B? There are plenty of billionaires in N.Y. City.
• How about Michael Bivens of the music Group New Edition did Cool Mike go on Facebook when he and his wife Teasha decided to open up Bivens Reality located in Westport CT?
• Many millionaires and billionaires reside in Greenwich & Westport CT-the Lexus dealership in Westport give excellent customer service.
• Did Shaquille O’Neal look to such a group on Facebook when he decided to pursue business ventures? Shaq’s net worth is now $ 400M
• Many people claim to have financial planning abilities when in actuality they’re nothing more than insurance agents/brokers, or credit repairers.
• This group on Facebook is taking advantage of the financially illiterate.
• For you that are involved with this group on Facebook-what would you tell Mr. Larry Ellison the owner of Oracle whose net worth is $ 65B if he wants to expand his diversified investment portfolio in the area of Forex by 10% in less than 2 years?
• Second, if Mr. Ellison just fired his Wealth Estate Manager-what type of advice would you give him?
• Third, how would you advise a multibillionaire on how to conduct a Generational Wealth Family Meeting?
• As you can see I have zero tolerance for nonsense.
• Now for the honest and ethical people what type of financial professionals have you met so far? In what area did they help you to grow and expand?
• Here is a list of some experts to help you grow in your economics:

1. Pam Perry-Publisher | Award-winning Social Media Marketing Strategist | Podcaster | Branding & PR Coach | Author | Speaker 
2. Dr. Carey Yazeed- I Help Black Women Build Businesses They Love |Founder of Beauty, Brains & Business Network | ??1913 | Bylines in Bustle, Forbes, Essence, Glamour, NY Post
3. Ruthie Bowles-The Expert Authority Marketing Consultant-Speaker
4. Dr. Claude Anderson-Global Economical Specialist, Educator, Political Analysis, Researcher, Business Owner & Author
5. Dr. Dennis Kimbro-Angel Investor- Author
6. The Erdmann Group-Located in Greenwich CT
7. Professor Thomas Sowell-American Economist Social Theorist, Senior Fellow At Stanford University Hoover Institution
8. Business. Hacks. 365 Instagram
9. Warren Cassell-Owner of The Abella Group LLC -An Investment Firm for Young People
10. Ramit Sethi-New York Best Selling Author & Financial Guru
11. Suzanne Shank-President & CEO of Siebert, Williams, Shank & Co LLC. Suzanne oversees more than $ 1Trillion dollars worth of assets she's the only Leading Black Queen on Wall Street
12. William Darity Jr. Professor of Public Policy, African American Studies & Economics & Director of The Samuel DuBois Cook Center on Social Equity at Duke University  
13. Freddie Figgers Owner of Figgers Communication-net worth $62.5M

Don't let anyone pull the wool over your eyes.

Peace!