Personal Narrative: Financial Advisor Is Financial Advising

This was hard for us because we had to subtract monthly expenses from the total income, we had to be able to cut back on utilities, food, gas, clothes, etc.… , had to summarize if there would be enough money left over to cover other living expenses.

Being raised in a single family home and seeing, not so financially savvy, family members make common mistakes with spending and credit, I've made a conscious decision do research on my own as soon as started my first internship on how to be financially smart. I learned about the concept of dividing your paycheck and the importance of opening a Roth IRA early. After learning about different money saving options and methods of being aware of your money, I decided to budget my paychecks;

“Money does not grow on trees,” my father asserts to me for the millionth time. “Where is all the money I gave to you yesterday?” Not to offend anyone, but if your parents never use a phrase like this, then chances are you are spoiled. Ever since the opportunity to acquire cash became available to me, my parents have looked to cut off my financial givings as much as possible. Although it may seem detrimental having my parents cease from helping me pay for simple expenses like gas, it was one of the best things for me. Without my parent’s guidance, my financial status may be backwards like many of my fellow students today. Their influence of pushing me toward independently

What is the thing that drives each of us? Survival. No matter where you are or where you work, survival is the very livelihood that drives people to want to succeed. People want to take a look at how they can be successful and move up in the world. Now while promotions and an increased income are key to building one’s personal wealth, another factor that can derail a successful person is how they handle their finances. If you are unable to control what you are spending and weigh yourself down in debt, it becomes impossible to begin to build personal wealth. Reflecting on my own budget, the diagnosis of income versus expenses identified some key areas where improvement can occur and serves as an example for others to

Budgeting is a great way to take control of your finances and save up for a particular goal. It is a very important part of independent living. It involves adding up your net income, and also adding up your fixed and non-fixed expenses. To achieve your goals it is very important to stick to your budget

To get paid according to your worth but to spend less than you earn is a financial mantra that is a must. This means that you have to figure out what your job in the field is worth. Conducting an evaluation on your skills, tasks and your execution. My English teacher told us in starry enthusiasm that in the regards of spending, your income is trivial however you will never move forward towards accomplishing your dreams financially if you spend more than you earn. Elizabeth Warren co author of "All Your Worth: The Ultimate Lifetime Money Plan." coded a formula for financial success: Spend 50% of your paycheck on the "must-haves," 30% on "wants" and use

Because my family rents our home, we have to pay rent. Our rent is taken out of my step father's paycheck because he works for the company that we rent our home from. Along with rent, we pay utilities such as: power, gas, and water. Another of our major payments would be loans since we are a fairly average household, we may need a little extra money to get by with from time to time. In conjunction with loans, car insurance and upkeep is another pricey budget we maintain throughout the months. Our car is getting very old, so we must maintain it, especially throughout the winter months. However with all of these payments being made, the highest one that is hard to budget most is child support. My step brother lives with his mother, so my step father must pay child support for his kid. On some occasions we need to pay extra money for child support to go toward schooling in the

My career in the mortgage industry was completely unintentional but proved to be a great opportunity that allowed me to grow in many ways. After graduating from Ohio State, I planned on applying and subsequently attending medical school the following fall. Since I wouldn’t be starting school for another year, I needed to find work in the meantime. I accepted the first job offer I received from Residential Finance, a small mortgage lender in Columbus, as a mortgage banker.

For now, let’s say you still have your job. While budgeting your money, your needs are split into categories- food, shelter, clothes, bills. When grocery shopping, buy things that are cheaper and

My college Advisor once told me “do not write a sad story remember, after you, there are 100 more students with a sadder story” and he is right. However, it is me who is living my life, and it is me who is having struggles and achieving obstacles. After many misfortunes, I’m working on getting my Associates for Human Services Mental Health. I’ll be graduating after the spring semester in 2016.

The author cite research that consistently concludes that money is identified as a major source of stress in our lives. In a modern industrialized society, money is one of the only things that touches on and impacts each of every one of our needs (p.21). Financial health is not that complicated if we just know how to spend it wisely. It’s just a major problem in our lives if we spend money more than what we earn. In order for you not to be stressed with money, we need to spend our money in important things and we need to save and invest our money.

Retirement, when most people think of saving for retirement the first thing that comes to their minds is usually a 401(k), especially when some companies offer incentives. What most don’t know is there are other ways to save for retirement, ways that can benefit you in the long run. Although 401(K) may sound intriguing at first glance, a Money Market IRA in conjunction with a High-Yield Savings account will guarantee your retirement, will be upfront and honest without all the hidden fees, and will be available to you to withdraw when you need to borrow some of your own money! Lets put your retirement money where it works for you!

With being a college student and no longer living at home, making sure not to run out of money starts with knowing where your money is going and prioritizing spending. One way to start is by knowing the cash flow. Checking the bank account numbers and visually keeping tabs on how much is going in, in order to know how much can come out. The next step to successful budgeting is to track the spending. Observe

My advisor is Laura Jennings and she works in the Student Center but she has many more jobs. Not only she an advisor, she also a student coach and a teacher at RCC. Even with a busy schedule, she able to see you within short notice. Longs time I’ve waited to see her was about one day, but the matter wasn’t urgent. Theirs has been times where I’ve just shown up at her office without notice and she was able to see me. The first time I met her, I was with my brother so he could help me get the classes that I needed. At first I was very confused with the names of the courses and the numbering of them, but she was able to explain everything to me. And she was very knowledgeable about the colleges I wanted to attend. Her attitude is very positive,

I see myself as an ambitious person with do an aspiration of becoming a financial advisor. I would enjoy helping people better manage money, increase their wealth and have a respectable amount saved for retirement. Through Financing I could Pursue my interest and positively impact society. During high school, I took Personal Finance and it quickly became my most eye opening class. I was able to learn about money management, refinancing a loan, how to find the right bank, and how to purchase a house or vehicle. Being a financial advisor does not directly deal with the previously listed aspects, but it does provide me a way to share some of the advice with adults in the real world.