EP019: Personal Finance for High Schoolers ft. Reid Simpson
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Release Date: 03/18/2018
EP030: How to Get in to Stanford, Harvard, Berkeley or Yale Ft. Marcella De Laurentiis
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Marcella started her career working in the admissions office at the University of Chicago, her alma mater. Later, she joined UC Berkeley's Management, Entrepreneurship, and Technology program— an elite program that only accepts 2% of applicants. Now, she sits on the opposite side of the table, helping talented students realize their college dreams. She founded HelpWithApps.com to help students maximize their chances for admission to the nation's top universities.
info_outline
EP029: How to Become a Software Developer ft. Sean Coleman
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Sean Coleman is a two time entrepreneur, having sold one company to Jobing.com. He has worked as a lead software developer for million dollar start ups, product manager for GoDaddy, and currently is a consultant for companies focused on software product development. He is also fortunate to share my experiences as an adjunct faculty at ASU!
info_outline
EP028: How to Become an Engineer ft. Drew and Angela Munson
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Angela Munson grew up in Toledo, Ohio and got her bachelor's degree in materials science and engineering from THE Ohio State University.
info_outline
EP027: Special Parent's Edition V2 Ft. Matthew Einsohn
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Matthew Einsohn, MA, is an Educational Consultant with extensive years working and managing the admissions office for a Private University. Matthew came from limited means, below average grades, along with no athletic ability to give him a full ride. The only offer from financial aid were student loans, but he found money to pay for undergraduate and graduate school without loans.
info_outline
EP026 3/4: Join The Student-Tutor Mastermind for FREE!
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Special Announcement!
info_outline
EP026: Becoming The Boss Ft. Vice Principal, Chamille Schuck
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
At 27, Chamille is an Assistant Principal for a charter high school that serves inner city students in the South Los Angeles area.
info_outline
EP025: Saving Lives From A Helicopter Ft. Flight Nurse Aaron Donze
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Aaron Donze graduated with Honors from Walsh University with a Bachelors in the Science of Nursing.
info_outline
EP024: Internships and International Studies Ft. Shirah Foy
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Shirah is an interdisciplinary social scientist, entrepreneur, and startup mentor who has studied and worked on 5 continents, traveled in more than 50 countries, and can communicate to varying degrees in 12 languages. She is currently a PhD Candidate at the Swiss Federal Institute of Technology - one of the top engineering schools in Europe - where she conducts research on the role of culture in shaping sustainably-minded entrepreneurs and lectures on entrepreneurship and technology commercialization.
info_outline
EP023: Special Parent's Edition Ft. Mentors from MIT / NYU Stern
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
In this special episode, the PARENTS of the Student-Tutor Mastermind members get to ask their burning questions and get advice from tutors with ELITE college experience!
info_outline
EP022: How to Become a Pharmacist w. Fazleabbas Poonawala
Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Fazleabbas Poonawala is a board certified pharmacist with licenses for NJ and NY. I practiced retail pharmacy for about a year and then transitioned to work in the pharmaceutical industry, working in the field of drug safety for about 7 years. Now I help create and support the processes that ensure adverse event reports reach the company and are reported to worldwide health authorities on time.
info_outlineEpisode 19: Personal Finance for High Schoolers
Featuring: Reid Simpson, Financial Advisor
Mentor Bio:
Reid Simpson is a Partner & Investment Professional at Sunstone Financial based in Phoenix, Arizona. Reid graduated Summa Cum Laude with a Finance & Economics degree from Grand Canyon University. His passion led him to become the President of the Entrepreneurial Club and establish lasting relationships with the University and Alumni.Today, Reid works with students all across U.S. who are in their Junior or Senior year of high school. These last 2 years of high school are the most important in identifying your funding for college opportunities. Reid works with parents and students to identify, plan, and implement a strategy that affords anyone to go to the school of their choice, for the best possible price.Reid is passionate about helping families with college, financial planning, entrepreneurship, health and fitness, and he is even an IRONMAN Triathlon Finisher!
Industry Overview:
What do Financial Advisors do?
Personal financial advisors provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances.
What does their work environment look like?
Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically work full time and may meet with clients in the evening or on the weekends
How do you become a Financial Advisor?
Personal financial advisors typically have a bachelor's degree although NOT REQUIRED they ARE required to pass certain exams administered by the Financial Industry Regulatory Authority, or FINRA, which is responsible for governing business between the investing public and brokers to ensure advisors are qualified, according to investopedia.com. In addition, the series 6 and 7 licenses can further help advance your career in this particular field of work. A master’s degree and a certificate can improve one’s chances for advancement in the occupation although once again NOT REQUIRED. Credentials like on-the-job experience and licenses can be much more important.
What additional skills that they typically don’t teach in school do you need?
According to job unlocker team if you are not good at sales or cannot learn in a matter of months you are going to have a bad time. Learning soft entrepreneurial skills like speaking, networking, persuasion, and more technical marketing skills are crucial. Unfortunately, due to standardization in the schooling system these skills are not taught.
What is the pay?
The median annual wage for a personal financial advisor was $90,530 in May 2016. The top 75% is $160,490 and 25th percentile $57,460.
Future demand in marketplace?
Employment of personal financial advisors is projected to grow 15 percent from 2016 to 2026, much faster than the average for all occupations. As the population ages and life expectancies rise, demand for financial planning services should increase.
Overall…
US news rates a financial advisor as # 8 in best business jobs which ranks them based on 5 categories (salary, job market, future growth, stress, and work-life balance); with statistician, actuary, and mathematician coming in 1st, 2nd and 3rd respectively.
Todd's personal opinion…
If you have an entrepreneurial drive, like to help people, want to make an above normal stable salary, are ready for a somewhat cut throat industry… this is something you want to check out! Go ahead and get started by reading a book like Unshakable by Tony Robbins or the Mortley Fool investment guide for teens to see if learning this information gets you fired up!
Show Notes:
- [1:45] - Welcome to Episode 19!
- [2:45] - Introducing Reid Simpson, Financial Advisor!
- [4:15] - Financial Advisor Industry Insights / Career Statistics.
- [8:15] - Reid's Industry Insights.
- [10:00] - The Power of Compounding Interest.
- [15:45] - How Reid Got Started in Finance.
- [17:30] - An Average Day in the Life of Reid Simpson.
- [19:30] - How Reid Made it Where He is Today!
- [25:00] - Word From the Student-Tutor Community!
- [27:15] - Would You Do It Again / Future Market Predictions?
- [31:45] - Reid's #1 Piece of Actionable Advice for Teens
- [35:30] - Questions from The Teenage Mastermind Students!
- [48:45] - Outro.
Mentor's Key Points:
Get INTERNSHIPS!!
An internship can be one of the most lucrative and career building activities you can do!
NETWORK, and build RELATIONSHIPS!
Make friends, share interests, and talk about what you and your colleagues DO! Have fun, and share experiences with others; to build a deeper relationship. Learn more and more about these people and what they like.
Start investing TODAY!
Learn about an IRA, and create the HABIT of putting money aside. Compounding interest can make you a millionaire!
Resources:
More Information on this Week's Industry Analysis!
Learn MORE About The Teenage Mastermind Program!
Connect With Student-Tutor!
The Mentors 4 Teens: College, Scholarship, and Career Guidance Podcast
Copyright © 2018 by Student Tutor
Produced by: Todd VanDuzer & Cody Mack
Recording by: Todd VanDuzer
Music & Editing: Cody Mack
Sponsorship & Interview Requests: podcast@student-tutor.com