Today we sit down with Elzie Ross “The Millennial Advisor” as he breaks down his journey, what it means to be a financial advisor, the importance of building wealth, and most importantly, why starting NOW to plan for your future is the best decision.
To contact Elzie directly
-send a text/ call to 516-225-3907
-Contact him on Instagram @kbclassik
Points To Keep In Mind
-To become a financial advisor, you’ll first need life accident and health license which allows you to sell life and disability insurance, followed by a series 7(general security license) which allows you to do stocks, bonds, mutual funds. A college degree isn’t needed.
-Becoming financially free depends on your personal goals
-The best time to speak to a financial advisor is when you start bringing in income
-The rate of inflation is 3%, the average bank account interest is less than 1%
-Education is important, however college isn’t the only educational route
-Spend time to know what you want to do, rather what others what you to do
-Nothing is guaranteed, create and look for opportunities
-Focus on hitting goals and creating newer and bigger goals to hit.
-Live below your means, being in competition with others will keep you financially back
-Assets is something that has the potential to appreciate or grow in value, while liabilities is something that we purchase that will depreciate in value
-If those who’s in your circle believe your goals are too farfetched, change the people in your circle
-Everyone has a starting point
-Elzie’s book recommendation “Be Obsessed or Be Average”
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