A financial advisor plays a crucial role in improving clients' financial health by guiding them through budgeting, expense management, and financial planning. While being proficient with personal finances is essential, one doesn'
HOW MUCH DO YOU NEED TO KNOW ABOUT FINANCE TO EVEN BE CONSIDERED TO BE AN ADVISOR?
A vast knowledge subject matter expert and very well rounded in all aspects of budgeting, marketing, retirement and planning.
DOES THIS FIELD REQUIRE A COLLEGE DEGREE??
This field generally requires a college degree (Bachelors) but it isn't an absolute necessity if the applicants have a vast amount of knowledge and experience to qualify.
DO YOU NEED TO BE GOOD WITH MONEY AND STOCKS TO BE AN ADVISOR??
Of course you need to be good with money to be a solid advisor because it would be very hypocritical if the advisor was bad at managing there own income and telling someone how to use there own income wisely. However you don't necessarily need to be a guru in the stock market to be a great advisor you just need experience in the stock market so you can show clients the pros and cons in the market.
HOW DO YOU HELP SOMEONES FINANCES IF THEY ARE IN A FINANCIAL HOLE THEY AREN'T SEEMING TO COME OUT OF??
To help someone in a financial hole whether that be credit debt or falling behind on there payments you must first assess there total budget and from there make slight changes in each area in order to make a more drastic difference in overcoming debt.
HOW MUCH EXPERIENCE IS USUALLY NEEDED TO BECOME AN ADVISOR AND WHY??
Amount of experience necessary really depends on the knowledge the advisor has and the mentality and overall knowledge of how finances and the market really works.
WHAT DOES A FINANCIAL ADVISOR DO??
An Advisor is a person whose sole purpose is to help better the life of the client from a financial aspect by changing budgets. limiting expenses and redirecting a clients priorities towards another path.
