Money Pilot Financial Advisor Podcast
Money Pilot Financial Advisor Podcast
Episode 85 Join the Party
This week I'm speaking at Military Money Conference near Raleigh, NC. It's the biggest gathering of the military and money community ever. If you've ever thought about a career in the personal finance field, this conference is for you. Attendees can expect inspiration and actionable advice and connecting within the personal finance community. Here's all the information https://milmoneycon.com/register/
Today I'll talk about some of the different career options related to personal finance. First, personal financial planning and Certified Financial Planner (CFP) designation. https://www.cfp.net/why-cfp-certification/why-get-certified CFP’s meet with clients to explore what’s important to them and create holistic financial plans to meet their unique financial dreams and challenges. CFPs provide advice in a wide range of specialties, like budgeting, planning for transitions, paying for college and retirement, managing risk, taxes, investing, and what ifs like disability or premature death. If you enjoy helping people in a very comprehensive way, this path may be for you. Learn more at The Military Financial Advisors Association (MFAA) which is a nonprofit of independent financial planning experts that specialize in military and veteran families. And we're on a mission to help service members, spouses, and veterans get started in the profession. Check out and the Military to Financial Planner podcast
Learn more at the Financial Planning Association (FPA). If you’d like real taste sign up for the FPA Externship https://fpaexternship.org which this year June - July. You get to peek behind the curtain and see over 25 firms and experts at work, and do the work yourself. No experience necessary and all are welcome. It’s totally virtual and if you miss a session live, it’s recorded. If you are interested in helping people in their financial lives but don’t know what that even looks like this will be the best $250 you’ve ever spent.
If you like educating and counseling check out the Association for Financial Counseling & Planning Education® (AFCPE®) It believes in empowering all people to achieve lasting financial well-being through the highest standards of financial counseling, coaching, and education. Their Accredited Financial Counselor (AFC) designation delves into financial issues relevant for lower and middle-class Americans, like managing credit cards and debt, budgeting, and managing cash flows. For military spouses, this can be a great way to enter the personal finance field, find volunteer and PAID opportunities. AFCPE also offers special pricing for military spouses.
Like people, but love numbers and rules? You might excel as a tax preparer and become an Enrolled Agent (EA). An enrolled agent is a person who can represent taxpayers before the IRS after passing a test covering individual and business tax returns. You could start your own tax return preparation service or work for another preparer. There's volunteer work like the IRS Volunteer Income Tax Assistant (VITA) Program provides free income tax preparation for servicemembers and lower income Americans. There's paid work with commercial tax preparation companies like H&R Block which also provide entry level training, often for free.
If you have questions and would like to know more, don’t hesitate to reach out. This field is really breaking open opportunities for new faces in different places. Come join the party.
Welcome to the Money Pilot Financial Advisor podcast, where you team up with Money Pilotfounder, former Army helicopter pilot and your host Katie Cannon to put your money where your heart is. Together, we'll tackle issues big and small so you can take charge and land your financial life. Hello, and welcome back to the podcast. Later this week, I'll be attending and speaking at the Military Money Conference near Raleigh, North Carolina. You too can join fellow military and family members, financial coaches, counselors, planners, educators and influencers at the biggest gathering of the military and money community ever. Attendees can expect inspiration and actionable advice on getting hired, growing your business ideas to improve your craft, increasing your earning power, and getting connected within the personal finance community. This really has something for everyone and I'm totally pumped to participate. If you've ever thought about a career in the personal finance field, this conference is for you. You can find all the information about the conference at MilMoneyCon.com. And I'll put a link to that in the show notes. And I know you may not be able to get the time off and travel Now, one place to learn more about being a financial planner to North Carolina. So I thought today I'd also talk about some of the different career options related to personal finance. I'll talk a little bit about my journey and provide you with more resources. So the first career option that comes to mind is personal financial planning and the Certified Financial Planner designation. And I'll put a link to the CFP Board in the show notes as well. CFPs meet with clients to explore what's important to them, and create holistic financial plans to meet their unique financial dreams and challenges. And CFPs are bound to put their clients interests first and foremost, called a fiduciary duty. It's kinda like a family medical is the Military Financial Advisors Association, which is a doctor. CFPs meet personally with clients for well being checkups, financial triage, and creating roadmaps to help them live their best life. CFPs provide advice on a whole wide nonprofit association of independent financial planning range of specialties, like budgeting, planning for experts that specialize in financial advice and planning transitions, paying for college and retirement, managing risks, services for military and veteran families. I'm a founding member, and we serve military families with comprehensive taxes, investing, and what ifs, like disability and premature financial advice and are on a mission to help service members their spouses and veterans get started in the profession. Check death. It's a lot to master. But if you enjoy helping people with out our website militaryfinancialadvisors.org their money in a very comprehensive way, this path may and the Military Financial Planner podcast and links to both those will also be in the show notes. be for you. Now for more information on becoming a financial planner, also check out the Financial Planning Association or FPA. If you'd like to get a real taste of what a career and financial planning could look like sign up for the FPA Externship. I'll put a link to that in the show notes too. which this year runs June and July. And you need tp sign up by May 26. If you're interested, you get a peek behind the curtain and see over 25 firms and experts at work and you do the work yourself. No experience necessary and all are welcome. It's totally virtual. And if you can't attend our session live, it's recorded. So you can work around crazy schedules where you are posted. The eight week course will cost$199 registration fee, and a$50, Aspiring Financial Planner, FPA membership dues. I'm not kidding. If you're interested in helping people in their financial lives, but don't know what this even looks like. This will be the best $250 you've ever spent. Pursuing my CFP designation and serving as a financial planner was the path I chose, and I love it. But there are many ways to work in the personal finance field. Like if you like educating and counseling, check out the Association for Financial Counseling and Planning Education or AFCPE. This organization believes in a future where all people, regardless of income or background, are empowered to achieve lasting financial well being through the highest standards of financial counseling, coaching and education. They confer an Accredited Financial Counselor or AFC designation. Now the curriculum for the AFC is less rigorous than the CFP, the Certified Financial Planner. But the AFC really delves into financial issues that are relevant for lower and middle class Americans, like managing credit cards and debt, budgeting and managing cash flows. AFCPE include educators, private practitioners, counselors who work with military service members and nonprofits. For you military spouses out there. This can be a great way to enter the personal finance field and find volunteer and paid opportunities. Check out the AFCPE website for more information, including special pricing for military spouses. Do you like people but love numbers and rules. You might excel as a tax preparer and find your niche as an Enrolled Agent. An Enrolled Agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service or IRS by passing a three part comprehensive IRS test covering individual and business tax returns. Now enrolled agent status is the highest credential the IRS awards. So if you love number crunching and tax rules, you could start your own tax return preparation service or work for another preparer. There are growing opportunities to do this work remotely too. So this also is an area where volunteer work can serve as a gateway into the profession. The IRS Volunteer Income Tax Assistance program or VITA program provides free income tax preparation for service members and lower income Americans. You can find paid work with commercial preparation companies like H&R Block, which also provide initial entry level training, often for free. So these are just a few ideas for entering a personal finance profession. There's so many different ways to serve. And if you have questions and would like to know more, don't hesitate to reach out. This field is really breaking open opportunities for new faces in different places. So come join the party. And we'll talk with you again next week.
Announcer:Thank you for joining today's broadcast. Like to find out more, visit us at moneypilotadvisor.com Let's team up and land your financial life.