1. Best thing about being a financial adviser?
Meeting new people all the time and helping put them in a better financial position as a result of my advice.
2. One thing you would like to see improved or changed in the industry?
More focus on younger people taking advice. I really do not like to tell someone they will not be able to live a comfortable lifestyle after they stop working because they did not get some good advice on what to do with their money when they were still working. The sooner they get that advice (and use it) the better.
3. The areas on their finances or economy that worry your clients the most?
Mortgage and Job are probably peoples biggest concern (I try to cater to people in their 30s and 40s in order to improve their chances of achieving the goal of financial independence).
4. What's the strangest question a client has ever asked you?
What kind of car do I drive. I said “I drive a Subaru Liberty, Why?”
If its too nice, you are ripping me off. If its not nice enough you are not good at your job. He became a client, so I suppose I drove the right car.
5. If you could get three things into consumers' heads about what advisers do or don't do what would they be?
a) I cannot really help anyone who has no income or is unable to work. I can help someone before they get into that situation.
b) You do not have to be wealthy to see an adviser. You have to earn an income, be able to set some of it aside and have a strong desire to be better off to see an adviser.
c) Do not leave getting financial advice too late. Many “potential” clients don’t come and see me until they are in their 50’s. If you have been in the wrong Super fund, wrong investment, wrong savings plan since you were in your 20s – you have potentially lost $1,000s of dollars by not talking to an adviser sooner and changing your strategy that would work better for you.
6. How do you describe your job at BBQs?
I help people achieve financial freedom.