Should you become a CFP?
CFP stands for Certified Financial Planner. There are three main requirements for becoming a CFP. First, there is an education requirement, second you need a certain amount of experience, and finally you need to pass an exam. Ethics is also very important for becoming a CFP. You need to pass their ethics exam. As a CFP you are a financial planner, or adviser, someone who helps people plan their finances and investments.
If you have an extensive knowledge of finances, you love to plan and budget your finances, and you often find yourself giving financial advice to friends and family, you might be considering doing it as a career. Financial advising can be a very lucrative business on top of helping others achieve their financial dreams when they don't have the same knowledge and expertise. Financial advising is a great career to get into.
Before you jump into anything though, you need to understand that it will take a bit of work. You don't have to be certified to be a financial planner or adviser, but it will make getting a job and getting clients much easier and you will make more money. You need to have an education. Without one, very few people will trust you and it will be very difficult to develop a good reputation. A bachelor's degree in Accounting or Finance, or a double major in both, is a great starting point.
You will probably need at least an MBA in order to fill the education requirement. A CPA will have all his education requirements filled. Get a job in finance to fulfill your experience requirement. Also, don't for get to take the CFP exams.
With the right education and certification, you can begin your career as a financial adviser. Once you are certified, there is more than one route to take. You can set up your own practice or work for a firm.
You have to be a people person if you want to work as a financial planner. If you can't deal with people well, look for another career or work on your people skills. You need to be well rounded and have more than just financial knowledge.
Begin looking for clients as soon as you are set up with your job or practice. Ask people you know if you they need advising or look into the ties you already have. Networking is a key part of building clients.
If you think you want to be a CFP, learn more about it. Adjust your education and time planning to fit a schedule that will take you there.
If you have an extensive knowledge of finances, you love to plan and budget your finances, and you often find yourself giving financial advice to friends and family, you might be considering doing it as a career. Financial advising can be a very lucrative business on top of helping others achieve their financial dreams when they don't have the same knowledge and expertise. Financial advising is a great career to get into.
Before you jump into anything though, you need to understand that it will take a bit of work. You don't have to be certified to be a financial planner or adviser, but it will make getting a job and getting clients much easier and you will make more money. You need to have an education. Without one, very few people will trust you and it will be very difficult to develop a good reputation. A bachelor's degree in Accounting or Finance, or a double major in both, is a great starting point.
You will probably need at least an MBA in order to fill the education requirement. A CPA will have all his education requirements filled. Get a job in finance to fulfill your experience requirement. Also, don't for get to take the CFP exams.
With the right education and certification, you can begin your career as a financial adviser. Once you are certified, there is more than one route to take. You can set up your own practice or work for a firm.
You have to be a people person if you want to work as a financial planner. If you can't deal with people well, look for another career or work on your people skills. You need to be well rounded and have more than just financial knowledge.
Begin looking for clients as soon as you are set up with your job or practice. Ask people you know if you they need advising or look into the ties you already have. Networking is a key part of building clients.
If you think you want to be a CFP, learn more about it. Adjust your education and time planning to fit a schedule that will take you there.
About the Author:
Financial advising can be a wonderful career. Find out more about basic financial planning and more about personal financial planning in order to help teach ordinary people to plan their finances.
posted by Credit Counseling at
4:08 AM
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