Author Topic: Financial Advisors with Emphasis on FI  (Read 6152 times)

Russ

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Financial Advisors with Emphasis on FI
« on: September 02, 2014, 09:55:56 PM »
not sure they'll be helpful to many here, but good on these guys IMO
blog post: the real reason you hate your job
http://montelargo.co
« Last Edit: September 02, 2014, 09:58:16 PM by Russ »

pachnik

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Re: Financial Advisors with Emphasis on FI
« Reply #1 on: September 03, 2014, 07:24:49 AM »
Thanks for sharing Russ.  This is a great article! 

soccerluvof4

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Re: Financial Advisors with Emphasis on FI
« Reply #2 on: September 03, 2014, 10:52:29 AM »
Very good article and really lays it out for peeps!

nathanml

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Re: Financial Advisors with Emphasis on FI
« Reply #3 on: September 04, 2014, 05:55:33 AM »
@Russ, thanks for the shout-out! We are big fans of Mustachianism, so being highlighted in the MMM forum is a huge compliment. We post once a week, so we hope you'll keep reading, and feel free to contact me if you have any questions.

Nathan
www.montelargo.co

Cressida

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Re: Financial Advisors with Emphasis on FI
« Reply #4 on: September 04, 2014, 10:50:26 PM »
@Russ, thanks for the shout-out! We are big fans of Mustachianism, so being highlighted in the MMM forum is a huge compliment. We post once a week, so we hope you'll keep reading, and feel free to contact me if you have any questions.

Nathan
www.montelargo.co

Do you all have an RSS feed? I gather those are going out of style, but it's how I like to read blogs and I'd totally sign up.

arebelspy

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Re: Financial Advisors with Emphasis on FI
« Reply #5 on: September 08, 2014, 12:24:04 PM »
That was a great article, I loved it.

Now I'm curious: what sort of investments do they typically promote?
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

arebelspy

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Re: Financial Advisors with Emphasis on FI
« Reply #6 on: September 08, 2014, 12:24:34 PM »
Do you all have an RSS feed? I gather those are going out of style, but it's how I like to read blogs and I'd totally sign up.

Articles: http://montelargo.co/blog/?feed=rss2

Comments: http://montelargo.co/blog/?feed=comments-rss2
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

nathanml

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Re: Financial Advisors with Emphasis on FI
« Reply #7 on: September 08, 2014, 05:21:22 PM »
That was a great article, I loved it.

Now I'm curious: what sort of investments do they typically promote?

@arabelspy Thanks for asking! Our financial planning covers both "offense" and "defense," offense being investment advice and defense being advice on maximizing your savings rate. On the offense side, our investment advice is grounded in modern portfolio theory, and we encourage our clients to choose investments with minimal transaction and management fees, and to plan on investing for the long term.

We like to think our investment advice is very congruent with Mustachianism. We're fee based financial planners, not wealth managers because that adds  unnecessary fees for our clients. We don't believe that we, or anybody else, can consistently outperform the market in the long run.

Nathan

arebelspy

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Re: Financial Advisors with Emphasis on FI
« Reply #8 on: September 08, 2014, 06:15:55 PM »
Awesome, I like you more and more.
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

matchewed

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Re: Financial Advisors with Emphasis on FI
« Reply #9 on: September 09, 2014, 06:35:00 AM »
Sound investing advice coupled with sound financial lifestyle advice. You've earned yourself a gif.


dude

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Re: Financial Advisors with Emphasis on FI
« Reply #10 on: September 10, 2014, 09:12:00 AM »
Sounds good, but curious as to what their bona fides are?  Certifications, etc.?

Also wonder if there are people out there willing to pay them for what they can essentially get for free on MMM, Mad Fientist and jlcollinsnh, etc., which seems to be where these guys have drawn a lot of their inspiration from.

arebelspy

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Re: Financial Advisors with Emphasis on FI
« Reply #11 on: September 10, 2014, 07:39:19 PM »
Sounds good, but curious as to what their bona fides are?  Certifications, etc.?

Also wonder if there are people out there willing to pay them for what they can essentially get for free on MMM, Mad Fientist and jlcollinsnh, etc., which seems to be where these guys have drawn a lot of their inspiration from.

Some people want to pay for the hand holding.

That's okay.  I'd rather they pay a flat fee to people like this, that advise them to save 50%+, invest in low cost funds, and educate them than an advisor that tries to confuse, invest them in high fee (and high commission) products and encourages or enables them to live a ridiculous lifestyle.
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

dude

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Re: Financial Advisors with Emphasis on FI
« Reply #12 on: September 11, 2014, 10:45:28 AM »
Sounds good, but curious as to what their bona fides are?  Certifications, etc.?

Also wonder if there are people out there willing to pay them for what they can essentially get for free on MMM, Mad Fientist and jlcollinsnh, etc., which seems to be where these guys have drawn a lot of their inspiration from.

Some people want to pay for the hand holding.

That's okay.  I'd rather they pay a flat fee to people like this, that advise them to save 50%+, invest in low cost funds, and educate them than an advisor that tries to confuse, invest them in high fee (and high commission) products and encourages or enables them to live a ridiculous lifestyle.

Totally agree, but wondering if there's really a market out there for that kind of advice?  My gut feeling is that the vast majority do NOT want to hear that they need to save 50% of their income!  While "Mustachianism" aka good old Puritan frugality is in vogue in this forum, I'd hazard a guess that it's still a pretty thin slice of the American public who are turned on by this kind of message.  Though I don't claim to have my finger on the pulse of the Millennial Generation, to which these guys appear to belong, and to whom they appear to be making their pitch.  I wish them luck (sorta; because on the other hand, I need these damn Millennials to buy into the American Dream and work their asses off for the next 30-40 years to fund my Social Security benefits!  LOL!).

nathanml

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Re: Financial Advisors with Emphasis on FI
« Reply #13 on: September 11, 2014, 04:29:13 PM »
Sounds good, but curious as to what their bona fides are?  Certifications, etc.?

Also wonder if there are people out there willing to pay them for what they can essentially get for free on MMM, Mad Fientist and jlcollinsnh, etc., which seems to be where these guys have drawn a lot of their inspiration from.

@dude - glad you asked! We passed the Series 65 pre-licensing exam that all financial advisors and broker-dealers are required to take and we’re licensed to practice in Virginia and any other US state in accordance with the laws and regulations of our industry.

As for who would buy our services, our target audience is anyone who can’t confidently answer the question “when will you be able to retire?” Our value lies in providing personalized financial advice, or as arebelspy aptly noted, “handholding” (though we’d describe it as coaching). Many people haven’t heard of a personal finance philosophy like Mustachianism, or don’t know exactly how to apply it to their lives. As an analogy, you can exercise by yourself, but it’s a lot easier when a trainer teaches you how to do it most effectively and encourages you, right?

We value the do-it-yourself philosophy and we strive to teach our clients how to fish, so to speak, and educate them on how to be financially independent. Ultimately, we’ll only succeed as a business if we serve as a good investment for our clients, and we’re working to develop tools and processes that will reduce costs and help our clients help themselves more efficiently.

We didn’t invent financial independence, but we sure do want to bring it to the masses. In a recent MMM article, a woman complained that her husband was (and I’m paraphrasing) an MMM shaped peg just waiting to find an MMM shaped hole, and that she was not. We see a lot of clients like her. Even when you want to change, change is hard. A lot of personal finance gurus give people the easy way out by encouraging them to save five percent and spend the rest rather than take the more difficult but reliable path to wealth followed by the members of this forum.

Our hope is that we can bridge that gap and help more people live happy, purposeful, and wealthy lives. Our firm is starting small but we have big ideas to make financial independence more mainstream.

Nathan