About Financial Planners

Video Transcript

"Hi, my name is Bill Rae. I'm with Alumni Financial Services out of Seminole, Florida. I've been in the business of the finance world for over thirty years, and today's question is about financial planners. In today's environment, financial planning has become one of those titles that everybody seems to walk around throwing out claiming to be. In many states, and more and more as we speak, legislations have actually been passed that one needs to actually take advanced courses if you're dealing with the public, to wear the title "Financial Planner." Some are even Certified Financial Planners. I belong to the Certified Senior Financial Planners Association. What that simply means is I've taken classes that go beyond the average insurance, life and health, and everything else trying to understand how they all work together. And more importantly, how to work them for your best benefit. So financial planning, when you're talking about dealing with the public, does require you to be licensed in almost every state that I know of. If you're talking about personal planning, it's simply a matter of trying to understand your personal finances or how money works in your house. It's simply the relationship between how much money you're bringing in, the expenses you have, and hopefully at the end of the month, you always end up with more income than you have expenses. If not, in it's simplest form, there's two things you can do: increase the income, lower the expenses. Once you have that under control, now you can begin to think about where do I want to end up? In any good planner that you run across, one of the very first questions, if not the most important question that any planner that I would respect should be asking you is "what is your intent? What is your plan? Where do you want to end up?" We call it what's important to you. My name is Bill Rae. I'm with Alumni Financial Services and as always, we're here to help you build true wealth."