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Recently, a new friend from some networking session shared with me that my dream type of financial advisory service is actually available! He's currently a director for an independent financial advisory firm, called Financial Alliance. From what he told me, the way he services his clients, and the way he educates his staff sounds a lot better than most other financial advisory firms. I should say that it's a new way of doing things.
I'm pretty amazed that he enjoys his career and loves sharing with others genuinely about what they really need and willingly helps them to solve their financial issues if any. But as what he said, not ever issue can be resolved without compromising the goals. Because some things are just impossible to achieve through the insurance / fund management type of financial advisory service, such as trying to retire with $0 savings and within 5 years. They share with their clients, only if they want to become more financially savvy personally. And he claimed that they don't force sell and don't even need to beg for appointments. He has a mailing list type of site which I shall subscribe to it 1st, if the contents is interesting, I will share it here, otherwise, there's no point in doing so.
From my point of view, it's not really impossible to achieve such goals. It's rather a matter of how to do it and how committed the person is in wanting to achieve the goal. Of course, just by buying insurance, it's impossible. And such person don't even have money to buy any funds to multiply their wealth, even if they have anything less than $200K, it's also very hard to achieve as it still need to depend on the economic market conditions and other factors. And the only way to achieve such a goal is really by doing business and really go all out to make it big! But of course, 1st of all the person must be willing to educate himself / herself and be willing to spend a certain amount of money to learn from more successful people, go for networking sessions to look for people that will help him / her attain success in the business itself. Sitting there and doing nothing or even dreaming about success or retirement just doesn't work. :)
This is a good post..
ReplyDeleteIt's impossible to achieve financial freedom by buying insurance policies and investing into mutual funds.
Despite of whatever market conditions, it's important to learn where the rich invest and how they do the things that you done.
The rich do not invest in mutual funds..
Thanks Jonathan. I do agree on the 1st half of your comments as purely through buying insurance or mutual funds, unless the person has lots of money but no passive income, otherwise, it's not quite possible. It's the strategy behind the investment that matters the most.
ReplyDeleteI don't quite agree about the rich not investing in mutual funds. There are mutual funds that can only be bought by high networth people, aka the rich, it's even mentioned in Robert Kiyosaki's books. Well if they do not invest in mutual funds, then there won't be a market for it, which means it makes no sense for such funds to be present isn't it?