By: Roccy DeFrancesco, JD, CAPP, CMP
The subjects covered in the online financial literacy course:
-Investment Risk (and how to avoid it)
-Understanding Life Insurance
-Healthcare Costs in Retirement
-Designing your plan
-Traditional Wealth Building (why it hasn’t worked)
-Bad Advisors: How to Identify Them; How to Avoid Them
Do you know the best way to make sure you have the best financial and estate plans that will help you accomplish all of your goals?
Do you know the best way to get bad advice from advisors and/or get taken advantage of by advisors?
“He who is his own financial planner has a fool for a client”
Have you ever heard this famous saying? In the context of a financial plan, trying to be your own financial planner is a recipe for disaster. While just about anyone can make money in an up stock market, people who manage their own money, over time historically do a very poor job.
Don’t believe us? There is an industry study put out every year called the DALBAR Study. It’s an investor behavior study that calculates what the “average investor” has returned over the last 20-years. The average investor has earned a measly 3.88% (2018 year-end numbers).
Advisor or No Advisor—Education is Key
The ONLY way to make sure you are have the best financial plan that will help you reach your goals in the least risky manner possible is to get educated.
How can you get educated?
You can read one of a million different financial guru books. Some do have decent content, but most do not and most are really sales books for their services.
Because of my place in the financial services industry, I just happen to be in a unique position to create true educational content for consumers. One of my businesses is an education company where I teach advisors how to give better advice.
I’ve taken the technical content from my advisor education courses and material from one of my several consumer education books and put together a unique blend of content that makes up what I think is the best consumer education course available today.
Written content; Video Content; Examinations
The online financial literacy course comes with written course material you can read, it comes with online educational videos (where I explain the written material), and each section of the course comes with an examination.
The goal isn’t to test people so they can get a grade.
The goal is to use the examinations to reinforce the most important parts of the material and to make sure users really truly understand the content and are able to apply it to their own personal situation.
Those who put in the time to go through the course will find it an eye opening, enlightening, and empowering event.