Author Topic: Find a job as a "Mustachian" sort of financial advisor?  (Read 3062 times)

Frugal Vegan Mom

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Find a job as a "Mustachian" sort of financial advisor?
« on: July 21, 2014, 05:43:30 PM »
I've always thought it would be a great job to be a financial advisor - not the type who works for a big company helping people choose mutual funds, but the kind who really helps people get their entire financial lives in order, sort of like the advice given here on case studies, except one on one, with a follow up plan, and with some sort of certification?

Does this sort of job exist?  I've never even met with a financial planner, so have no idea how the process usually works, or what sort of company I'd work for, unless I could somehow start something on my own. 

Thoughts?

swick

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Re: Find a job as a "Mustachian" sort of financial advisor?
« Reply #1 on: July 21, 2014, 06:59:00 PM »
I would think for something like this you would have to start your own business - and possibly approach it from a  specialized "Life Coach" POV.

If you want to focus on "Getting the entire financial life in order" you would need to look beyond the strictly financial where to put your money advice and take into account earning potential, personal spending decisions, life priorities, issues with money and relationships and on and on.

It would be a very interesting specialization for the "life coach" career and might be a good place to start if you already know the money side of things.

Most financial planners are either flat-fee based - you pay by the hour for their time, or commission-based - they will do their best to sell you whatever makes them the most money.

Chrissy

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Re: Find a job as a "Mustachian" sort of financial advisor?
« Reply #2 on: July 21, 2014, 08:54:19 PM »
It exists!  I was doing some research for a friend in Boston just today, and stumbled upon this company:  http://peaceofmoney.com/

Runge

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Re: Find a job as a "Mustachian" sort of financial advisor?
« Reply #3 on: July 21, 2014, 09:06:27 PM »
Not sure where you stand with this view, but many churches offer similar services, particularly the bigger ones. Anything from the DR Financial Peace University to financial counselling.

Outside of churches, there's plenty of non-profits that do these things for needy people. For example, a nearby-to-me missions organization, Angel Reach, provides all sorts of help to youth-young adults who've been aged out of the Foster Care system including financial guidance. Many of these young adults didn't learn basic life skills because they were raised in poor or neglectful foster homes.

Something along either of those lines may not make you a bunch of money, but that's up to you to decide if it's worth it.

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scrubbyfish

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Re: Find a job as a "Mustachian" sort of financial advisor?
« Reply #5 on: August 13, 2014, 02:33:14 AM »
1. Case advocacy - Helping people very marginalized by poverty and/or disability and/or homelessness, etc access the government benefits they're legally entitled to but persistently denied. Many community agencies need volunteers or paid small-s social workers, etc, to offer this service. Phenomenal how lives change upon receiving any or all of teeth, nutrition, housing, etc.

2. For folks with more mainstream issues, yet struggling nonetheless or just needing some help orienting, there are businesses like: http://moneycoachescanada.ca/

3. For helping resolve debt only, but still really awesome, there are organizations like: http://www.nomoredebts.org/canada/bc/credit-counselling.html
« Last Edit: August 13, 2014, 02:37:44 AM by scrubbyfish »