+2. I'd love to do that too, so if you figure it out...
I considered looking into a career with a local broker, but all of them require disclosing all our holdings and transferring them in house - that ain't happening. I am also concerned about inevitably being blamed by some customers expecting positive returns in down markets, I assume that happens a lot.
Quote:
Originally Posted by brewer12345
When I bail on the day job...I want to figure out how to help with the basics of financial education for kids and adults.
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Originally Posted by SumDay
Brewer12345, when you figure that out, let me know. I also have dreams of doing this in my retirement years.
+2. I'd love to do that too, so if you figure it out...
I considered looking into a career with a local broker, but all of them require disclosing all our holdings and transferring them in house - that ain't happening. I am also concerned about inevitably being blamed by some customers expecting positive returns in down markets, I assume that happens a lot.
I've had the same inclinations and here has been my experience:
- While I was working in my post-Navy "career" I answered an ad from a major investment/mutual fund company in my geographic area for financial planner trainees. I was eventually put in touch with a retired Navy guy who worked for the firm. I told him that I'd like to get into this field to help people with their finances, help them avoid getting ripped off, etc. He told me in no uncertain terms that if I worked for them, my real job would be to SELL. As if to punctuate the point, once it became apparent that I and the company were not a good fit, he tried to sell me one of their mutual funds.
- Fast forward....I'm retired now and doing volunteer work at an inner city adult education center where I do literacy and basic math tutoring a couple of days a week. From what I pick up in listening to conversations, talking to tutees, etc. I see that these people, poor though they are, are still getting ripped off by payday lenders, high check cashing fees, income tax preparers, etc. I propose developing a financial literacy course and offer to teach it. The Center says great and I get ahold of a canned curriculum from the NCUA and customize it a bit to fit local needs. We hype the course but, in the long run, only a few people sign up and they eventually drop out.
- Fast forward again....I've relocated to VT an read in the paper that high schools in VT are going to be implementing financial literacy classes. State money has been set aside to train teachers how to do this. I track down the name of the guy at the local HS who is supposedly in charge of this. I send emails, leave voice mail messages, etc. offering to help in any way I can: teaching (as an unpaid volunteer), tutoring one-on-one, developing and/or reviewing curriculum or whatever. Never a call back.
So, at least in my own personal experience, getting involved in this sort of thing is easier said than done. I will be relocating to another part of Ne England later this summer and will probably try yet again to see if any one wants my help in this area as I plan to reaffiliate with a volunteer organization I've worked with before. We shall see if I'm any more successful.