mercredi 9 décembre 2020

Hyper Text Narrative about Financial Planning

The First Step In The Financial World.

The First Step In The Financial World.

A hypertext narrative by

Alex Guertin

Created with

The Virtual Writing Tutor Grammar Checker

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Word count: 1692

Choice count: 30

Section count: 20

Image count: 19

Error count: 5

Field Related Analysis:

Tourism : 32 matches (Airport, Benefits, Casino, Client, Commission, Conference, Control, Employee, Flight, Goal, Plate, Program, Promotion, administration, airport, casino, commission, conference, field, flight, forward, hold, leg, multiple, option, pension, plate, profits, program, through, trip, vacation)

Business : 28 matches (account, accounting, accounts, administration, benefits, client, clients, company, credit, employee, finance, financial, headhunter, inflation, interest, lead, management, market, meeting, money, offer, pay, promotion, salary, stock, team, trainee, value)

Law/Paralegal-Technology : 27 matches (access, account, accounts, additional, answer, case, client, clients, commission, company, conference, credit, director, fact, Financial, interest, market, offer, option, pension, premium, profits, recovery, satisfaction, stock, term, value)

Target Structure:

background check (1 match)

HR (1 match)

income (1 match)

OJT (2 matches)

on-the-job-training (1 match)

overtime (1 match)

pension (1 match)

premium wage (1 match)

put aside (1 match)

retirement (5 matches)

set aside (1 match)

time management (1 match)

trainee (1 match)

vacant position (1 match)

wage (3 matches)

Next

The First Step In The Financial World.

The end of CEGEP.

You just finished your CEGEP in the Social Sciences program and since the beginning of your studies, you don't know what to do in your life.

Choice 1 : Choose a program at a University.

Choice 2 : Drop out of school and continue your daily job.

CEGEP Ahuntsic

Choose a program at a University.

You have been wondering what program you should choose to have a great salary and be happy in the same time for the rest of your working life. You did a background check in your grades and you realized that you had excellent grades in your finance classes. It's the first time you have some interest in a field of study.

Choice 1 : Administration program.

Choice 2 : Financial Planning program.

Drop out of school and continue your daily job.

You just dropped out of school and became a Foot Locker full time worker at a low wage. You realized you are in a dead-end-job and you will slowly become poor because you'll have more financial responsibilities in the future. You're in the worst case scenario and you should've taken a better option for your life.

Choice 1 : Go back to start.

Foot Locker Store

Administration program.

It could have been a good choice if your interest were in management, HR, accounting, etc. But this program is really not a good fit for you. Administration is a limited program and there is not a big option of vacant position for a job in your future.

Choice 1 : Try again!

Office

Financial Planning program.

Right choice. Being a financial planner is a job that the goal is to acquire the client's satisfaction. It's a lot of phone-talking and you have to check the stock market every day. You are usually at your desks, meeting people or clients and you can also due some administration tasks depending on the job. This is all that you want.

Choice 1 : Question yourself about your professional life's path.

Choice 2 : Finish the program (One year left).

Choice 3 : Take a one-year break of the program to go on vacation.

Planning

Question yourself about your professional life's path.

Questioning yourself could be a good choice, but you are truly enjoying your program and you're just looking forward to on-the-job-training to slowly become a financial planner. You still have question about your future, but those will be answered soon, as you continue your program.

Choice 1 : Better luck next time!

Questioning yourself

Finish the program (One year left).

You just finished the program and you were admitted for an OJT in a bank! You have learned so much about financial planning but there is still a lot on your plate.

Choice 1 : Continue your job as a financial planner.

Choice 2 : Already ask for a promotion.

Celebration

Take a one-year break of the program to go on vacation.

You did go on vacation in Cuba, but you broke your leg on a trip in a mountain. It's a real disaster because you have to stay 4 more weeks that you were supposed to for you recovery. You are alone in Cuba. After the 4 weeks, the Cuban doctor said that you can't take a flight home for another 2 mouths because a tornado destroyed the airport. What a bad luck!

Choice 1 : Take a better option!

Cuba Mountains

Continue your job as a financial planner.

You love your job, the team you are working with are awesome and the people who guided you through you OJT were amazing to. You are now an official financial planner for the Scotia Bank and not a trainee anymore. You know that as a financial planner have access to additional training through your career. Is it the right time?

Choice 1 : Take the additional training.

Choice 2 : Don't take the training.

Training

Already ask for a promotion.

You decided to ask the boss of the bank for a promotion because you have been doing overtime multiple time and you need more money. You know that your career can pay you really well if you are doing your job like a pro. At the start, the bottom salary is $20,000 and it can get up to $200 000 per year. It's a job that works with commission so it depends on you if you are being paid great or not. You know that you are doing a good job despite the fact that you are overwhelmed by the quantity of work to do and you truly believe that you deserve more than a $20 000 salary. But, it was not a good idea. The boss said that you were to optimism, and he kicked you out of the company. (bank) You should've waited longer before asking for a promotion.

Choice 1 : Try again!

Money

Take the additional training.

You just took the additional training and you got paid for it. Nice move! The training learned you how to improve your works with your clients on the phone and when you are meeting them in person. This training is a great achievement for you because you took place in front of your colleagues and you are now an employee of interest to the bosses. The bosses asked you yesterday to meet them today at lunchtime but you don't know why. It's now a quarter before noon, you are stressed out and you have to take a quick decision!

Choice 1 : Go at the meeting with your bosses.

Choice 2 : Pretend to have forgotten the meeting.

Stressed out

Don't take the training.

Not taking the additional training is a good choice to, you will just keep yourself on the same level for a long time and your job will become a dead-end-job. Financial planners can receive multiple formations and get paid to assist to them if they work for a bank. Those training would have been benefits for your career because you would have gained more expertise in your field and you could have been promoted to a premium waged and set aside some money for your retirement. Bad choice!

Choice 1 : Better luck next time!

Discouraged

Go at the meeting with your bosses.

So, you entered the meeting in the conference room and the three bosses were there with notes in their hands. You were really shaky, but they said a joke, so they relaxed the atmosphere. They started by saying that you are one of their best financial planners, and they don't want to lose you over another bank. One of them said that "your job as a financial planner is incredible. All of your clients are satisfied, and we know you helped some of them to take back the control of their financial life. You also helped others by guiding them to get rid of their debts and put aside some money for their future in a RRSP account." They offered you a promotion to become the co-director of all the financial planners in your Scotia Bank. The promotion comes with a better wage, a pension for your retirement, more time management.

Choice 1 : Accept the promotion.

Choice 2 : Decline the promotion.

Meeting

Pretend to have forgotten the meeting.

Your probably just made the worst choice of your life. Stress can be hurtful sometimes but you have to overcome it to achieve your goals. You blew your career off. The bosses are mad at you and your other colleague is now considered better than you.

Choice 1 : Try again!

Stress

Accept the promotion.

You accepted the promotion and became the co-director of all the financial planners that works for the same Scotia Bank as you. You now have a premium wage and you are happy because you have now secured a job for the rest of your life. Because you knew that you could not be a financial planner for a long time, because it's more likely a short term job. But, there is a little problem. A headhunter called you to let you know that the Bank of Montreal need a director of the bank, and they really like your working skills.

Choice 1 : Call back the headhunter.

Choice 2 : Leave the headhunter on hold.

Handshake

Decline the promotion.

You just decline the promotion, so you'll continue your works with your clients but your work will lead nowhere. No more opportunities for a promotion came so you decided to quit your job and you returned to the university. You didn't like the program you were in so you dropped out of school and became homeless because you used all your income of your previous job at the casino...

Choice 1 : Oups, wrong answer

Casino

Call back the headhunter.

When you called back the headhunter, he told you that you are for sure the perfect person to accomplish the job of director for the Bank of Montreal even if you haven't been co-director of a bank yet. The headhunter told you about the work that you would have to do and you were already touching all the filed he told you. (Inflation, money, net worth, wages, credit and cash value). You declined his offer.

Choice 1 : Continue your job for another 5 years.

Choice 2 : Take your retirement.

Phone call

Leave the headhunter on hold.

You decided to continue your job whiteout calling back the headhunter. Is it the right decision? What if the conditions were slightly better at the Bank of Montreal? Now you are questioning yourself and you are in a stressful situation. You should've called back the headhunter.

Choice 1 : Try again!

Phone

Continue your job for another 5 years.

Did you really decide to continue your job as a co-director for all financial planner at your Scotia Bank? You are literally drained from all the work you have been doing since the last 15 years. You have enough money in your saving accounts to take your retirement...

Choice 1 : Try again!

Tired

Take your retirement.

Great choice, you achieved your working life in the financial planning field you can now take the moment to relax and profits of your incomes you worked for!

Choice 1 : Congradulation!

Retirement

mardi 27 octobre 2020

Career Summary

Financial Planning | Virtual Writing Tutor

Financial Planning

Introduction

If you ever thought about becoming a financial planner, those two articles are for you. They are written with a lot of details and each one of them has their own important information. You should consider reading them if you want to know the salary of a financial planner, what they are doing in general at their jobs and what is the purpose of financial planing in our society. Everything is about money nowadays, so read and learn.


What is it like to be financial planner?

Being a financial planner is a job that the goal is to acquire the client's satisfaction. It's a lot of phone-talking and you have to check the stock market every day. You are usually at your desks, meeting people or clients and you can also due some administration tasks depending on the job.


What do financial planners do?

Financial planners help people manage their money while sorting through their financial matters. Like financial advisors, they help their clients develop financial goals for the long-term. These professionals assess their clients' stage of life, risk tolerance, along with potential investments. Financial planners want to increase the money of their clients.


What do financial planners do on a typical day?

In the articles, you will see that they repeat many times the fact that financial planner need to meet their clients regularly. It's important to respect the plan that the planner did with his clients. Yes, financial planner do plans to respect the wishes of the client in terms of the risk tolerance, their past with money and their struggle on a daily basis. The plan also assure that all the goals could be achieved according to the determined period.


Where do financial planners work?

Usually, financial planners work for banks or for some insurance companies. They work in their office, but there is a small portion of financial planner that are self-employed. It means that they have their own companies. But the articles says very clearly it's a minority of people.


How can I become financial planner?

People will decide their paths in college and university. If you want to become a financial planner it will be a good idea to think about financial, accounting, law or mathematics field at your college. You will have a very good base and idea about what you'll be doing in your career.


How much money do financial planners make?

Financial planners are a career that can pay you really well if you are doing your job like a pro. At the start, the bottom salary is $20,000 and it can get up to $200 000 per year. It's a job that works with commission so it depends on you if you are being paid great or not.


What kinds of additional training do financial planners need?

While their career, financial planner will receive multiple formations and get paid to assist to them if they work for a bank. There are tons of formations that are available during your career but before you start your career you have to pass the exam to become an official member of the Financial Industry Regulatory Authority (FINRA).


What are the dangers of being financial planner?

There is not really a big danger in this job beside the facts that your jobs really depends on your capacities and expertise. You'll see later on that financial planner is not a job that can assure you 25 years of works...


What are the chances that financial planners will be replaced by robots soon?

This question is not answered in these article, but for my opinion, I think it will be in a long time because people like the interaction with humans, and they need to trust the people they will give their money to. We can say that it's a big part of the client's life that the financial planner is playing with.


What age do financial planners retire at?

We learned that financial planner is a job that could be long term but also short term. It really depends on your clients base. It's possible that you could do five years before you don't change anything in your career. Ten years are big for a financial planner, it means that they have a great base of clients, and they are excellent at their job. Some financial planner change a little bit their field of study to have more opportunities in their life. It depends on what you want.


Conclusion

In conclusion, financial planner is a great job that can challenge you every day to be the best version of yourself. You would be recognized for your job because you help people to have a better life and it can reduce their daily-basis stress. Keep yourself updated on this job, and if you chose to become a financial planner, I'm sure you will not regret it.


Sources and RADARS ratings

Source: https://www.princetonreview.com/careers/176/financial-planner

Rationale: to inform or educate

Authority: research journal

Date: still relevant

Accuracy: probably true

Relevance: relevant for this document

Sources: cites sources


Source: https://www.investopedia.com/articles/financialcareers/06/financialplanningquiz.asp

Rationale: to inform or educate

Authority: research journal

Date: still relevant

Accuracy: probably true

Relevance: relevant for this document

Sources: cites sources


Statistics

Word count: 721

Error count: 1

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mardi 13 octobre 2020

Financial Planning Listicle

3 websites Everyone in FINANCIAL PLANNING Should Know About



Picture from: Commons.Wikimedia.org

 

Nowadays, money has become a big deal in everybody’s life.  Money can be the products of happiness, joys, breakups, etc.  Also, people need a person with a professional background in financial planning to help them manage their money.  Therefore, the job of financial planner is mandatory in our society.  It’s a job that will be taking more place every year because it helps people to get richer, to manage their money for their future or to get them out of debt.  However, it is not a simple job.  It takes a lot of skills in the economic sphere that not everyone can have.  Therefore, there are a lot of resources on the internet that can be helpful for everyone in the program of financial planning.  These resources can also help everyone who need information about the financial planning world.  You can see below 3 websites that I suggest you look at that could help you understand a little bit more about financial planning.

 



Financial Planning and Investing Glossary

https://njaes.rutgers.edu/money/glossary.php

 

This website is writing by the New Jersey Agricultural Experiment Station (NJAES).  It is a simple website that can help you to get more familiar with the word about the financial planning or the economy.  It is very important to have a great comprehension of the vocabulary because it will help you understand what you will be doing in your future job or in your future investment.  The website is very clear and does not confuse the person who consults the site.  There is an index with almost all the letters that will help you find the word that you are looking for.

 

 

 

2.     Why Financial Planning is Important for Your Future?

https://www.entrepreneur.com/article/318528

 

This article is written by Nitin Agrawal, the CEO of Oro Wealth.  The article above will help you understand the reasons why it’s important to have a good financial planner and the impact it will affect your life.  The article put the accent on the peaceful state of mind that financial planning will put you.  It will help you to manage your income and you will be less stress in an everyday basis because someone will take care of your money for you.  Money will be something that assures you a happy retirement, a growth of your investment and a less stressful life.  You will now be in complete control of your finances.

 

 

 

3.     What do Financial Advisors Do?

https://www.investopedia.com/articles/personal-finance/050815/what-do-financial-advisers-do.asp

 

This article is a little bit more precise on what a financial advisor/planner will do with you or with your money.  The article was written by Amy Fontinelle, and she really uses a lot of example about what’s the purpose to have a financial planner.  A part that will catch your attention is about the financial plan.  The plan is important, and Amy Fontinelle talks about it multiple times in the article.  She insists into the plan part because it will be the first step to accomplish with a financial advisor to evaluate what is your need and how you and the planner will accomplish your goals in a short, mid or long term.  She also put in the article a great video about financial planning that explain in a shorter way the profits that a financial planner will give you and she uses some graphics to explain in details what will be the best financial planner for you.

 

 

 


In conclusion, as you saw, financial planning is a crucial job in our society that will keep growing every year.  And I am not trying to do a bad pun when I say that the financial planner will also help you to grow your assets every year.

It’s important to be well-informed about this job to use it wisely for the rest of your life.


jeudi 17 septembre 2020

Financial planning Glossary

Alex's Glossary - Financial planning

This glossary is about financial planning, my future job. This glossary will help you to learn some of the words that they use each day in their working. Source : https://dictionary.cambridge.org/ https://njaes.rutgers.edu/money/glossary.php

asset
noun
Anything of value (e.g., securities, property) that you own that increases your net worth.
Example: The company reported total assets worth $1.9 million.
en: actif
bank
noun
A for-profit financial institution where consumers can access a variety of services such as checking and savings accounts, credit cards, safe deposit boxes, and loans.
Example: I need to go to the bank at lunchtime.
en: banque
budget
noun
Also known as a spending plan, it is a plan for spending and saving money that balances household income and expenses.
Example: The firm has drawn up a budget for the coming financial year.
en: budget
cash value
noun
The savings component of a whole life, variable life, or universal life insurance policy.
Example: To receive the cash value, the policyholder surrenders their rights to future benefits under the policy.
en: valeur en espèces
credit
noun
The receipt of money, good, or services in exchange for a promise to repay the amount borrowed at a future date.
Example: They decided to buy the car on credit.
en: crédit
debt
noun
Credit used to purchase items that depreciate in value or are no longer around when the bill arrives (e.g., food, restaurant meals, gasoline), especially if a balance is revolved and interest is paid.
Example: He managed to pay off his debts in two years.
en: dette
deposit
verb
The addition of money to a financial account.
Example: There's a night safe outside the bank, so you can deposit money whenever you wish.
en: dépôt
direct transfer
verb
Movement of retirement funds from one qualified retirement plan directly to another qualified plan without the owner taking possession of the funds.
Example: I did a direct transfer between my accounts.
en: transfert direct
dividend
noun
A distribution of income from investments to shareholders.
Example: In addition to their salary, employees receive a profit-related dividend.
en: dividende
expense
noun
Item for which household income is spent, including basic needs, such as housing and utilities, and discretionary purchases, such as entertainment and clothing.
Example: Buying a bigger car has proved to be well worth the expense.
en: dépense
growth fund
noun
A mutual fund that invests in stock with an objective of capital appreciation.
Example: The average large-company growth fund is down more than 15% on last year.
en: fonds de croissance
income
noun
A source of money with which to save and pay household expenses. Common sources of income include salary from a job, self-employment earnings, alimony and child support payments, gifts, tax refunds, and public assistance.
Example: More help is needed for people on low incomes.
en: revenu
inflation
noun
The erosion of purchasing power over time through an increase in the cost of goods and services. For example, $100 at the beginning of the year buys less than $100 at the end of the year. If the annual inflation rate is 2 percent, the $100 you spend on groceries in January buys only $98 of food in December. People on a fixed income feel the effects of inflation the most.
Example: 13 percent inflation
en: inflation
money
noun
Coins or notes (= special pieces of paper) that are used to buy things, or an amount of these that a person has.
Example: We invested the money in a high-interest bank account.
en: argent
net worth
noun
A "snapshot" of your financial situation calculated by subtracting debts (liabilities) from assets. All figures in a net worth statement reflect their current fair market value.
Example: He has a ​net ​worth of about £70 million.
en: valeur nette
pension
noun
An employment-based retirement savings plan that pays benefits to workers at retirement. There are two general types of pensions: defined benefit and defined contribution.
Example: They receive a generous pension, typically 75% of last pay drawn.
en: pension
return
verb
They receive a generous pension, typically 75% of last pay drawn.
Example: My investments return a high rate of interest.
en: retour
risk
noun
Exposure to investment loss. For example, a high-risk investment carries with it a high chance of loss.
Example: Before you invest in the Fund you should carefully evaluate the risks.
en: risque
share
noun
A unit of ownership in a company (common stock) or mutual fund. The value of a share will vary according to market conditions and other factors.
Example: The value of my shares has risen/fallen by eight percent.
en: action
wage
noun
Payment by an employer to a worker for services performed on an hourly, daily, or weekly basis or according to a specified piecework rate. Like a salary, wages are subject to state and federal income tax and Social Security tax withholding.
Example: Is she paid a regular wage or is it by commission only?
en: salaire

mercredi 16 septembre 2020

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Adapted code based on Jason Mayes' example here: http://codepen.io/anon/pen/xGXZaW Click the HTML button of your blog, and copy/paste the code found here. I checked this blog post for common grammar, punctuation and spelling errors using a free online ESL grammar checker.

mercredi 9 septembre 2020

A future job to my program

 Financial Planification


To get started, I'd like to say that my study programs is Social Science.  I know, the first impression we can think that financial planification and Social Science are not getting along in terms of numbers.  What I mean is that financial planification concern a lot of numbers instead of Social Science that englobe relation with other.  And this contradiction is actually one of my points.  The fact that I built a certain background with Social Science will help me with my future job because I will have to be in contact of my clients every day.  And also as you may think I don't need to have my high maths for my future program.



Hyper Text Narrative about Financial Planning

The First Step In The Financial World. The First Step In The Financial World. A hypertext narrative...