article thumbnail

#FA Success Ep 325: Building Success In The Financial Advice Business From A Financially Challenged Upbringing, With Brenda Hiscock

Nerd's Eye View

And be certain to listen to the end, where Brenda shares how she always thought she wasn’t good with numbers but found she enjoys financial planning because she can combine her intuitive math skills with her love of working with people, educating, and having deep conversations that can impact the future of clients’ lives, how Brenda is (..)

article thumbnail

RIA Net Organic Growth is Practically Non-Existent

Steve Sanduski

Simple math says the CAGR of NET NEW ASSETS (i.e., CAGR of AUM sounds pretty good until you look at how much of that growth was simply due to market growth. For comparison, a passive 60/40 bond portfolio, as mentioned above, grew at a CAGR of 11.9%. Revenue Growth. You can’t eat AUM so let’s look at actual revenue.

Math 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Of The Best 6 Figure Jobs Without A College Degree

Clever Girl Finance

There are many ways to start a business and make big money, even if you need to find out how to start a business with no money at all! Kick things off with the initial idea: how do you envision the business working? You can create your own schedule, to an extent, if it fits with when your clients can meet with you.

article thumbnail

Transcript: John Hope Bryant

The Big Picture

And so these were two stories, maybe three, before I’m 9-years-old of bad economics, bad culture, and a bad business plan. By the way, there’s a difference between an entrepreneur and a businessman or a business woman. Different risk tolerance and different business plan. They have a dumb business plan.

Banking 144
article thumbnail

How To Turn 10K Into 100K

Clever Girl Finance

Some quick math for the value of your $10,000 after a certain number of years: 10 years: $20,000. If you can start a business with no money at all, go for it. But if you know you could take a $1,000 or $10,000 investment and multiply it through your business plan, you should consider it. 20 years: $40,000.

article thumbnail

6 Reasons For Leaving A Job And How To Do It The Right Way

Clever Girl Finance

Make sure you have done the math. You should also make a business plan and know when your income will be stable. How to explain yourself: Whether you tell your boss that you are leaving to start a business will depend entirely on the relationship you have with them.

article thumbnail

Financial Advisor Showcase: Money Maven Financial

FMG

As you’re based in Washington, how has the pandemic affected your business plan and the way you communicate with clients? Like so many other people, the pandemic opened the door for me to connect with clients who would normally struggle to get to an office meeting during business hours, even if they live in my town.