The AFCPE Blog is designed to provide new and insightful personal finance information for financial professionals – information that can be shared with both clients and consumers and provides new insights into education and practice.
Studies show it isn’t more money that makes us happy, it is not being stressed about our money that makes us happy! Saving money does increase our endorphins! It’s never too late to start!
As a personal financial counselor, I often meet with clients who find themselves in a spiral of debt and don’t know how to get out of it. The debt spiral is when someone takes on debt and then gets behind on their payments. After trying different tactics, with little success, the debt only increases. This spiral can be very frustrating and painful. To help a client rise above the debt spiral, I recommend following these three steps:
As AFCPE membership continues to grow, so does the diversity and reach of our professionals.
The road to zero – the path you’ll take to pay your federal student loans down to zero – takes strategy and planning. To create a successful strategy, you will need to reflect on your personal, professional and financial goals as well as your current financial situation.
Listening to our clients is the heart and soul of our counseling sessions. What we glean from our clients’ stories and discussions will become the foundation upon which we build possible solutions and, with the help of the client, create a plan that they will implement.