I love the job I have today. My job is an interesting mix of corporate finance, creative problem solving, coding, spreadsheets, and decision science that provides recognizable value to the company I work for. I know what you are thinking right now and I agree that any job involving spreadsheets is going to be a sexy career choice. It didn’t start out like this though. I was able, with the help of some amazing managers, to craft the job I want from the job I had over time. You can start coding a new career too.
Do you already have a personal income statement you update each month or quarter? If you do that is perfect and you are on your way to understanding your finances. If you don’t have a personal income statement that is fine too since we’ll be working below to build one.
I honestly don’t expect many people outside of the finance or accounting profession to have a personal income statement they keep up with. Why would most people? Its a little odd. I’m a numbers nerd though, so odd is my game.
We had to fire our financial advisor. He was a nice guy and meant well I’m sure but he had to go. It started off great with a free financial plan and help rolling over old 401k plans. He even set up an IRA and a 529 College Savings Plan which, at the time, seemed like something a professional should do. We just didn’t know what we didn’t know. Once we realized exactly how much he would cost us in the end we decided to fire our financial advisor.
In other words: “What should I do with my money and when, please”. I’m sure this is the same question most people are asking themselves. Everyone has money and needs to put it to use but there is no real unified plan. There is no personal finance flow chart to walk down for each stage in our life. Or is there?