Financial advisor vent - Page 2

T_I_N_A20 · #21 (**permalink**) 08-01-2006, 11:06 AM

Quote:

Originally Posted by Ima saver

I think I would love being a financial advisor. But, i would just charge by the hour and it would be a very reasonable charge.

lol, well I don't know if it pays well. If I am one, I would do my best to help my customers and try my saving tips before suggesting them, but seeing you guys having some problems with the advisor... I'm scare that it'll happen to me.

Kris10Leigh · #22 (**permalink**) 08-01-2006, 11:47 AM

Ok, Evad, I am in a REALLY bad mood right now, so I am going to hold my fingers back as much as I can, but how dare you! Can't type any more just now. Thankfully there have been enough kind and helpful people around here that I will not disappear.

Ima saver · #23 (**permalink**) 08-01-2006, 12:12 PM

Hey Kris10, we love you. Evad is just a young guy with a fancy car!!

Kris10Leigh · #24 (**permalink**) 08-01-2006, 12:15 PM

I have calmed down a bit, and can be civil now. (I wrote the above post having just completed a vent post about some recent unexpected bills.)

I don't like going a financial advisor and would take the advise to ditch him, but DH is against it. My problem is that this is our third advisor with this company and I have liked each less than the last. The guy we have now seems only to want to sell us stocks. He doesn't really care about our finances, but just wants to make money off of us. In passing conversation we mentioned that we have dear friends who own 4 restaurants. The guys eyes lit up and we had to endure a speech about increasing his business and could he have our friends phone number. I refused.

I still don't like the comment about not helping myself. If you would read the post again and my comments you'll see that I have explained myself rather well without going into my entire life history. My biggest reason for not taking on a second job over the summer is because I would not make enough money beyond the cost of daycare to make it worth the while.

And the biggest reason is one which apparently some just can't understand. I feel my boys are certainly worth a few sacrifices. I can take the "no spend" challenges in order to have time with them. I can reduce my grocery bill, I can play with my A/C temp to reduce my energy bill, I can turn off the computer at night, I can research companies that have better deals for services like phone, TV, etc. Not helping myself? Really?

Ima saver · #25 (**permalink**) 08-01-2006, 12:19 PM

Most financial advisors try to sell you stocks or mutual funds that pay them a commission. That is the type of advisor to avoid. You should go to one that you pay so much an hour, but really, if you stay on here long enough, you will get all the free advice you need.
I don't blame you for taking the summer off to spend with your kids and not put them into day care.

Kris10Leigh · #26 (**permalink**) 08-01-2006, 12:21 PM

Thanks Ima! I needed you around just now. My blood pressure is currently returning to normal.

Ima saver · #27 (**permalink**) 08-01-2006, 12:25 PM

Good girl!! Just hang in there, things will get better!!

[Automated by GetSmile]

Broken Arrow · #28 (**permalink**) 08-01-2006, 12:36 PM

The magic word is "no load".

It's also why it's worth looking into a flat fee-based financial advisor, instead of a comission-based one.

Ima saver · #29 (**permalink**) 08-01-2006, 12:49 PM

I agree broken arrow, but if she listens on here a lot, she can probably learn to invest on her own, without paying anybody.

autoxer · #30 (**permalink**) 08-01-2006, 03:05 PM

Quote:

Originally Posted by Kris10Leigh

I don't like going a financial advisor and would take the advise to ditch him, but DH is against it. My problem is that this is our third advisor with this company and I have liked each less than the last. The guy we have now seems only to want to sell us stocks. He doesn't really care about our finances, but just wants to make money off of us. In passing conversation we mentioned that we have dear friends who own 4 restaurants. The guys eyes lit up and we had to endure a speech about increasing his business and could he have our friends phone number. I refused.

Get rid of him. What good is a financial advisor that doesn't have your own best interests in mind? In my mind, the reason money management is so important is so we have more time to do the things that we want to do. Enjoying time with your children is more important than working through the summer.

I prefer to make my own financial decisions. Nobody knows my finances better than me. And I have found tons of free resources to weed out the good ideas from the bad ideas.

abowers · #31 (**permalink**) 08-01-2006, 03:48 PM

It's a good point, I guess -- but if you're the "breadwinner" maybe your advisor should have made some sort of bold statement about your husband getting a better job.

rob62521 · #32 (**permalink**) 08-02-2006, 10:48 AM

Ima, you would be a great financial advisor because you have common sense and have proven people can do it without inheriting or being born into a lot of money.

krisleigh, I'm a teacher and most folks who don't teacher don't always understand that summers are a way for us to recharge our batteries. I know some of the people who posted do understand that, but a financial advisor does not. One person posted said the advisor targeted you because you were stable and could the most money. Actually it's sort of a compliment to you. I don't work summers because I take care of all those things I didn't have time for during the year and I relax. But, I also do stuff my DH would have to do when he got home from work so he appreciates that. But, I know a lot of teachers who work during the summer because they like the extra money.

T_I_N_A20 · #33 (**permalink**) 08-02-2006, 12:52 PM

Quote:

Originally Posted by rob62521

Ima, you would be a great financial advisor because you have common sense and have proven people can do it without inheriting or being born into a lot of money.

krisleigh, I'm a teacher and most folks who don't teacher don't always understand that summers are a way for us to recharge our batteries. I know some of the people who posted do understand that, but a financial advisor does not. One person posted said the advisor targeted you because you were stable and could the most money. Actually it's sort of a compliment to you. I don't work summers because I take care of all those things I didn't have time for during the year and I relax. But, I also do stuff my DH would have to do when he got home from work so he appreciates that. But, I know a lot of teachers who work during the summer because they like the extra money.

I wish my parents was like that when I was young, all I remember was that my parents bought us to Disney Land and that was 8 or 9 years ago. Now they're busy with work.

vsjhoc · #34 (**permalink**) 08-02-2006, 01:18 PM

Quote:

Originally Posted by Ima saver

Hey Kris10, we love you. Evad is just a young guy with a fancy car!!

I think Evad is some middle aged fart who just makes up things to get a reaction out of people.

abowers · #35 (**permalink**) 08-02-2006, 01:54 PM

Quote:

Originally Posted by rob62521

Ima, you would be a great financial advisor because you have common sense and have proven people can do it without inheriting or being born into a lot of money.

krisleigh, I'm a teacher and most folks who don't teacher don't always understand that summers are a way for us to recharge our batteries. I know some of the people who posted do understand that, but a financial advisor does not. One person posted said the advisor targeted you because you were stable and could the most money. Actually it's sort of a compliment to you. I don't work summers because I take care of all those things I didn't have time for during the year and I relax. But, I also do stuff my DH would have to do when he got home from work so he appreciates that. But, I know a lot of teachers who work during the summer because they like the extra money.

I understand teachers need time to recharge! I was a preschool teacher from August 2005-June 2006... I worked four 10 hour days a week. A classroom of 20 kids, ages 3-5, at the worst time, 5 were not potty trained. The only vacation time that I used was 3 days at Christmas time, giving me a total of 6 days off for Christmas.
... the rest of my earned vacation I cashed out when I left the job in June to start grad school. And I was burnt out. I should have used my vacation time throughout!

Many of my friends, and friend's parents are teachers -- I totally understand you need time to unwind.

Ima saver · #36 (**permalink**) 08-02-2006, 02:08 PM

I really admire teachers and I think they deserve some time off. (Do you really think Evad is middle aged?)

vsjhoc · #37 (**permalink**) 08-02-2006, 02:14 PM

Quote:

Originally Posted by Ima saver

I really admire teachers and I think they deserve some time off. (Do you really think Evad is middle aged?)

I admire several professions but their people don't get time off. Police officers risk their lives, work nights, get paid very little, and are expected to respond to emergency situations even when they are off duty. No summer vacations for them.

Forty is the new 20, they say.

abowers · #38 (**permalink**) 08-02-2006, 02:28 PM

People should know the job description before taking the job.

Don't become a police officer or firefighter or doctor if you don't want a high stress position involving you to be on-call.
Don't be a police officer if you don't want to risk your life or work a nice 9-5 day.

Summers off is part of the package of becoming a teacher, unless you want to do summer school or tutor.

I don't know how old I think Evad is.

vsjhoc · #39 (**permalink**) 08-02-2006, 02:35 PM

Quote:

Originally Posted by abowers

People should know the job description before taking the job.

Don't become a police officer or firefighter or doctor if you don't want a high stress position involving you to be on-call.
Don't be a police officer if you don't want to risk your life or work a nice 9-5 day.

Summers off is part of the package of becoming a teacher, unless you want to do summer school or tutor.

I agree with you that you should read the job description before taking the job. My point (and I did have one ... thank you Ellen DeGeneres) was that virtually all jobs are stressful. All of us "deserve" time off. Teachers should have the summer off because school is not in session, not because their job is any more stressful than anyone else's.

Kris10Leigh · #40 (**permalink**) 08-02-2006, 05:19 PM

Thanks all! I am not usually so quick to get angry, especially on message boards! He just hit me on the wrong day at exactly the wrong time!

We have a resource officer at our school who does not get his summers off. I feel for him! He puts up with so much through the year following the same schedule the rest of us do, but his summers are spent on the street. He said it keeps him trained for the road. Makes sense...but I feel for him!

As a speech therapist, I could work in the hospital and make twice what I make. (Glad he didn't suggest that!!) But I don't. I enjoy the school environment quite a bit, and that is why I took that position, just as you are all saying. And having summers off is quite a perk!