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I am looking for financial advisors that will help me write out a personal financial plan to be rich and financially free. FOR FREE. Not looking for free sites or information. I’m looking for actual professionals, or students working towards being professionals to help me. Robert T.Kiyosaki fans a plus.

Many stock brokerage firms, mutual funds, banks, and insurance brokers will be happy to provide you with such free services. They do so in the hope that you will take their advice, which typically includes making investments of the type they sell.

Insurance brokers will tell you that the first thing you have to do is buy a life insurance policy with a built-in savings feature. They make big commissions on such policies, although the best insurance is term life insurance on which the commission is small because the insurance is cheap.

A stock broker will give you a list of stocks or mutual funds in which to invest. The funds are those the broker sells and that have an up front commission for the broker, although there may be many other funds that do not have an up front charge and may be more suitable for you.

This does not mean that all the advice will be bad, but you should be careful about accepting free advice. The adviser is taking his time to help you, and has to earn an income. To get the most objective advice, you need to find an independent financial planner and pay his fee

When investing in a tax-free mutual fund, be sure to take a look at the taxes and how they’re handled as not all mutual funds are free from taxes at federal, state and local levels. Find out which mutual funds are truly tax-free, like a bond mutual fund, with tips from a financial planner in free personal-finance video.

Expert: Julie Asti, CFP
Bio: Julie Asti works as a financial planner for Asti Financial.
Filmmaker: Bing Hu

Duration : 0:2:24

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Technorati Tags: card, credit, debt, deduction, finance, funds, income, insurance, investments, IRS, life, money, mutual, stocks, tax

So I’m going to be graduating with a non-business related undergrad major. Should I get an entry-level finance job first – would I gain the necessary skills in that job to sit for the CFP exam? I’ve researched certificate programs, but they seem to be geared toward professionals who’ve already been working for a while, and as I won’t have had any finance-related work experience, I’m not sure I can join those programs. What’s with the graduate school programs in financial planning – they only exist in unheard of schools. Not that I have to go to a big name grad school or anything, but my undergrad school is UC Berkeley, so I was wondering if it would be looked down upon for me to then get a masters in financial planning from an unknown school like Widener University. So what should I do? Advice please, Thanks!

Lots of people do things that are completely unrelated to their degrees. Don’t be discouraged. Do what you want. If you find out later that you’d be well served by getting a masters you can go back to school. Go for it man! Sounds delicious!

I entered public accounting a few months ago with the intention of getting my CPA. My ultimate goal was to eventually move into personal financial planning. However, I am questioning now whether it makes sense to spend all this time studying for the CPA and gaining the experience when I really don’t have to get the CPA to do the financial planning…any insight? Another side of me feels like it would be something to fall back on if I find I am not a successful sales person (as I know that i what a lot of financial planning is in the beginning) and the CPA would hopefully convince potential clients I am more credible. Any thoughts on whether it’s beneficial if I don’t know that I’ll really use it?

First of all, congratulations on choosing the profession of public accounting. That said, why should you get your CPA? You answered this question yourself; it’s all about credibility. Would you let someone perform surgery on you if you knew they didn’t have M.D. (or similar) after there name? After their physical health, people are most squeamish about their money.

However, perhaps what is best for you is to look into to getting a CFP – certified financial planner. The CFP would be more appropriate for what you are wishing to do, however, lots of folks who get these started out with their CPAs. I posit that this is because it is much easier to build a client base with a CPA than with a CFP. CPAs enjoy the opportunity to practice in many more areas (e.g. taxation, audit, accounting systems development, transaction advisory, estate planning, et al), while the CFP is much more focused.

Long story short: You can’t go wrong if you get CPA first, then afterwards get your CFP. The combination of both will only make you that much more marketable.

College tuition can be deducted from taxes with the hop credit or with the lifetime learning credit, but both are subject to adjusted gross income limitations. Understand how these tuition credits are used for tax credit purposes with advice from a financial planner in free personal-finance video.

Expert: Julie Asti, CFP
Bio: Julie Asti works as a financial planner for Asti Financial.
Filmmaker: Bing Hu

Duration : 0:2:36

(more…)

Technorati Tags: card, credit, debt, deduction, finance, funds, income, insurance, investments, IRS, life, money, mutual, stocks, tax

i could see where the might but not to me — say you think drinking beer is the worse thing in the world — ok so you will not buy miller brewing stock!!!

So i am doing a business project. We are supposed to demonstrate financial planning skills and produce a personal financial plan. My partner and I have chosen to focus on the personal financial plan for a secretary. How do you write a personal financial plan? How does it look? What things are included in it?

Please help us.
We live in Canada by the way.

Now explain what YOU learn by copy and pasting the reply given? The point is you need to figure out what is necessary.

Estimating how much is needed to retire is a complex problem that usually requires an online tool or hired services. Learn some simple steps for calculating a retirement fund with tips from a financial planner in free personal-finance video.

Expert: Julie Asti, CFP
Bio: Julie Asti works as a financial planner for Asti Financial.
Filmmaker: Bing Hu

Duration : 0:2:56

(more…)

Technorati Tags: card, credit, debt, deduction, finance, funds, income, insurance, investments, IRS, life, money, mutual, stocks, tax

Actually to understand money one has to understand the mechanics of compounding. In affect you are talking about the present and future values of money. Understanding the future value of money is critical to know in planning for your retirement. You can also use your understanding of compounding to determine what you need for a major purchase. It will tell how much you need to save and how long it will take. If there is one lesson in life you should learn it is the power of compounding……learn it, and use it you will be richly rewarded. Simply put…Compound interest is the concept of adding accumulated interest back to the principal, so that interest is earned on interest from that moment on. The act of declaring interest to be principal is called compounding (i.e., interest is compounded). A loan, for example, may have its interest compounded every month: in this case, a loan with $100 principal and 1% interest per month would have a balance of $101 at the end of the first month.

im a student + working person.Im also take care of my family.Stil not own any property for my self.What is the best way to plan our financial problem according our salary

Hi,
I personally look after my family budget and all spending items need to be accounted for so that at any point in time you know where you are. Requires discipline but that’s the only way.
For example a couple would need about $200 p/w for food on average. If you have kids then you need to add at least another $100 p/w per child.
To help you with budgeting & creation of a personal financial plan I’d recommend a personal finance software by Australian business Parcus Group.
It’s an relatively easy to use program with features including budgeting, financial planning templates, real estate analysis, shares valuation, life insurance…
Costs AU$29 so it’s not a huge investment but a good value for money.
You can get it on http://www.parcusgroup.com/index.html
Regards