This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. What is your best advice for someone like me (23 years old, almost a CFP) who is wanting to be the best advisor they can be? First of all, bravo for finishing your CFP by 23! That’s such a huge advantage to get started early. … [Read more...] about Ask Gen Y Planning: How Do I Become an Amazing Advisor?
5 Big Takeaways From My First 5 Years In Business
I can’t believe that I launched Gen Y Planning in May of 2013! I just celebrated my five-year anniversary by taking a trip to London to see Hamilton on the West End with my business bestie, Mary Beth from Workable Wealth. Our box seats included our own personal butler and the show was fantastic! Like lots of businesses, Gen Y Planning started out simply as an idea. I bet many of you have ideas … [Read more...] about 5 Big Takeaways From My First 5 Years In Business
Ask Gen Y Planning: How to Financially Support Family?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. What should the financial planning look like when you have a parent who has no retirement saved up and won’t be working much longer due to health issues? My mother-in-law rents in a bad part of town, works at temp jobs, is turning … [Read more...] about Ask Gen Y Planning: How to Financially Support Family?
Ask Gen Y Planning: How to Manage Small Business Finances?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. I’m starting a business in 2018 and one of the major things I need to learn about as an entrepreneur is managing my business’ finances and understanding tax requirements for small businesses. Is this something you could talk … [Read more...] about Ask Gen Y Planning: How to Manage Small Business Finances?
Ask Gen Y Planning: Should I Be a Socially Responsible Investor?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. I would like to learn more about the pros and cons of socially responsible investing (e.g. VFTSX fund instead of VTSAX). What are the criteria used for picking stocks in funds like that? Socially responsible investing has … [Read more...] about Ask Gen Y Planning: Should I Be a Socially Responsible Investor?
Ask Gen Y Planning: Do I Need an Estate Plan?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. Life Insurance/Wills? I’m 27 and have $60,000 in life insurance through my employer. I have $120,000 in student loans ($60,000 private, $60,000 government) plus a $9,000 car loan. I have no credit card debt. I’m single and live … [Read more...] about Ask Gen Y Planning: Do I Need an Estate Plan?