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Articles tagged with: Financial Planning

Echo Huang Talks Reinvesting in Yourself on the Financial Advisor Success Podcast

28 September 2020

Echo Huang Talks Reinvesting in Yourself on the Financial Advisor Success Podcast

Echo recently sat down with Michael Kitces on the Financial Advisor Success Podcast to discuss how you can own your future by continuously reinvesting in yourself to build the advisory career you want. 

In this episode:

Echo talks about how she built her career starting out in the industry from scratch as an immigrant to the U.S. with just $800 in her pocket. She started studying finance as an undergraduate, then decided that it would help her career to get a CPA license, so she joined a public accounting firm to get the requisite two years of audit experience. Then, transitioned to the personal financial planning division of a regional accounting firm and earned her CFP certification to build her professional credibility and help overcome the fact that she looked young when sitting across from older clients. Why Echo ultimately went out on her own at a cost of losing two-thirds of her AUM to rebuild the vision of the advisory firm she wanted to build. And why, as an already successful advisor in her 40s, she still decided to go back and get her CFA certification on top of juggling the challenges of growing the business and being a parent to her daughter Nina.

The Heirless Estate: What to Do and When to Do It

Estate Planning Guidance for Those Without Heirs

12 August 2020

The Heirless Estate: What to Do and When to Do It

Estate planning is all about the disposition of your assets and, for many people, this involves determining how to divide assets among heirs. What happens, though, when you don’t have a spouse or children, or other obvious heirs to your estate? Unfortunately, many people in this situation don’t feel it’s necessary to plan where their assets will go, which makes it more likely that their money will end up somewhere they wouldn’t choose – namely, the state. For this reason, it’s always prudent to have a strategy in place and to plan ahead for various outcomes.

When to Pivot Your Career (And How to Pull it Off Financially!)

Change Can Be Wonderful When You Make it Strategically

20 July 2020

When to Pivot Your Career (And How to Pull it Off Financially!)

As human beings, we are hard-wired to be reluctant to change. We prefer the familiar, the predictable, the strategy that gives us the long view. Sometimes, though, we begin to feel the overwhelming urge to make a career change. Many people ignore the nagging feeling because it’s easier to maintain the status quo than embark on a transition that may be overwhelming or stressful. For those who choose to pursue a career pivot bravely, there can be opportunity and fulfillment waiting on the other side.

If you find yourself seriously considering a career change, you’ll need to determine the Why, What, and How. Let’s dig in.

The Why

Everyone – business owners and career professionals alike – have moments when they question their career paths. It may be that you’re going through a tough season at work where you feel less than inspired, or it may be that you are genuinely ready for a change. Before making any big moves, it’s crucial to evaluate exactly why you desire a change. Usually, your situation will fall into one of three categories:

  1. You’re feeling unfulfilled at work.
  2. You’re feeling unfulfilled in your personal life.
  3. You’ve reached a growth ceiling in your current position.

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