Conversations for Financial Professionals (Dominique Henderson, CFP®)

When you’re thinking about your investing strategy, here are 3 different ways to invest your money in the stock market. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

TODAY>>Creating a plan for managing finances in marriage and living debt free are essential. Here are 5 tips for handling debt when you share finances in marriage! --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Here are a few tips on how to invest your 401k in stocks strategically. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Here are a few personal finance tips so you can successfully manage your personal finances. Learn how to do personal financial planning in this episode. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/NXqsJMi_0FI

I've often been asked: "Dominique, how do I find a mentor?"

In this video, "how to find a mentor for your career", I'll be showing you the 3 steps (with one bonus) that will help reduce the difficulty in finding a mentor.

I'll answer questions like:

• What should I look for in a mentor?
• How to find a great mentor?
• How do you approach a person for mentorship?

1. DO YOUR HOMEWORK. Before you approach a potential mentor, learn as much as you can about them. IN this age of information that should be easy. Spend some time on their social profile, reading their bio, etc.
2. MAKE A DIRECT ASK. What just noted was probably the most important takeaway...your ideal mentor has something you want. **Identify what that is, and ask directly for it.**
3. FOLLOW-UP. If you've picked the right person that has things going for them, they are likely busy. So your first overture may go unanswered. This is all the more reason that your approach should be direct so that they can immediately know if they want to engage with you or not. If they have to figure out what you want, then you won't be getting a response.
4. BONUS - If you are so fortunate to secure their time, DO WHAT THEY ASK. There's not a lot of benefit in the mentorship if you won't be using the advice that is given.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes

If you were curious about how to make $100,000+ as a financial advisor, I want to give you the 3 major things that will determine your pay.

👉🏾Survey of Financial Advisor Pay: https://www.payscale.com/research/US/Job=Certified_Financial_Planner_(CFP)/Salary

This is a very common question that I hear, and quite frankly the answer is "it depends", but let me tell you what it depends on...

1. TYPE OF CHANNEL...this has to do with if you work for a bank or wirehouse, a broker-dealer, hybrid or a RIA. If you want to learn more, check out this video...👉🏾 https://youtu.be/1f4MEt0NzoA
2. TYPE OF FIRM...if the firm is investment-focused or planning focused will also factor into how you are paid. When I worked for an independent RIA, investment-focused firm, I was an employee and also was compensated with revenue share based on how well the firm did.
3. TYPE OF REVENUE MODEL...how the firm bills its clients will dictate how you are paid also. For instance, if the firm is mostly compensated by fees for assets under management, or if they collect commissions from the amount or level of business they transact, or if they are remunerated by a 3rd party company for products they sell. These are all factors that play a part in the way you will be compensated.

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Many people I talk to are utterly overwhelmed during their open enrollment period.

Should I change this benefit? Should I opt-in for this or that?

In my opinion, this is a great time to maximize your paycheck!

There is so much money left on the table that can be placed back into your budget to reach your financial goals, but there are some steps to take.

I want to give you 5 tips for open enrollment period that you can use in order to fully maximize all that is available to you.

1. Know when it starts and ends. How can you be empowered if you don't know when the annual enrollment period begins or ends? Usually, you will get some type of internal notification from your company. I highly recommended marking your calendar and not waiting until the last minute.

2. Review your benefits from previous period or employer. You'll want to review what benefits you had last--either last year or if you're changing jobs from your previous employer. I suggest printing these out before you get started on the upcoming year to give you a side-by-side comparison. It's very possible to use your last paystub to look at this also. Most employer websites have a separate portal that may allow for this comparison so you won't have to print it out.

3. Elect the free stuff. This may be a no-brainer but elect the free stuff. Typically this may be life insurance for you as an employee, short-term, long-term disability and maybe some other things. If it's free and you don't use it, you're leaving money on the table more than likely.

4. Consider the HDHP vs. PPO. One of the most expensive benefits you are provided is health insurance. Just look at your W2 from last year in box 12DD. I've seen a lot of plans that have employer-sponsored and/or subsidized medical coverage depending on plan type. That's to say you may get free health care if you choose a high deductible health plan (or HDHP). This is beneficial in a lot of ways and I'd cover how these plans work in this video. This could potentially save you a lot of money in current and future taxes, as well as, allow you to get some extra cash from your employer.

3. Max out your 401(k). If possible try to contribute the IRS limit into your 401(k) plan thereby maximizing any type of employer match that you are eligible for. I see many people only contribute the default as most plans will elect 1-2% if you don't specify a %.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

For the month of March, we're going to tackle the question of how to become a financial consultant.

So many of you have reached out for advice, so I'm going to provide you with the exact steps you need to take to begin a career as a financial consultant by showing you "how to find a mentor."

Step 1: Find a Model

You need to find someone that you want to be like. This means you will likely need to read and research to find out what type of financial professional you want to be. Recall last week that we talked about the 2 paths. You need to find someone to emulate whether that be in an article, on social, at a conference, etc. After you find someone and what exactly about them attract you, you need to...

Step 2: Approach them

Now don't go right into the approach. Do your research. Follow them on social if they are active and find out what they like. Find a common touchpoint of they produce content and how you might have a convo with them. Then reach out to them through DM or email with a direct ask. Don't be generic with "what is the # 1 piece of advice you have". I've talked about how to structure your ask in this video.

NOTE: If this doesn't work, pause and try again in 2 weeks. Don't spam them. You should be trying to connect with more than one person anyway.

Step 3: Follow their advice

If you end up having a meeting and they agree to mentor you make sure you follow their advice. There is nothing worse than getting to this point and then wasting time. Of course, if they have a recommendation you disagree with that is something else, but make sure you do what they say.

Now here's a really simple method to find a person...

1. Find your local FPA chapter and buy a ticket to the next luncheon
2. Before you arrive, spruce up your LinkedIn profile using this video's tips.
3. While you are there, sit at a table with total strangers and get everyone's business cards. Feel free to do this with as many people as you like.
4. Send a LinkedIn DM after the event that says something like.....
5. If they respond, use the direct ask for mentorship.

This a sure-fire way to find a mentor and if it doesn't work after 3 tries, do it until it does.

If you'd like to learn more about how to decide your route, you can register for a free preview of my course "How to Jumpstart Your Financial Services Career" at djh-capital.com/jumpstart.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

I thought to take some time to answer some questions about being a financial advisor and certified financial planner.

This was an absolute treat to put together. I was able to cover:

✅ Update to "Financial Advisor Day in the Life of a CFP" video

✅ Diving into the comment section for "Financial Advisor Day in the Life of a CFP" video

✅ Update to "Certified Financial Planner Career What Does a CFP Do" video

✅ Diving into the comment section for "Certified Financial Planner Career What Does a CFP Do"

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/lcuy4ooDyaE

If you want to know how to impress a potential employer and stand out, in this video I'm going to be sharing some tips you can use to help you secure that next job if you're trying to break into the financial services industry.

1. Do Your Homework. Your potential employer probably has dozens of other equally qualified individuals asking for the same job. If you are granted some "face-time" with them, what's going to make you different?
2. Be professional. Do yourself a favor and use the highest degree of professionalism when interacting. Spruce up anything that will represent you (e.g. email, social profiles, etc.). After all, how can you demonstrate you will respect the job if you don't respect yourself?
3. Be memorable. You hardly ever get a 2nd chance to make a first impression. Make yours count! Instead of just sending a typical email, record and send a video introducing yourself.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

I've worked with dozens of financial professionals on how to find a niche market in order to reach their ideal prospect.

Today, I've boiled it down into 5 crucial steps to figure how to market to a certain individual, so if you want to know how to find a niche market as a financial advisor, stay tuned.

I want to provide you with a high-level view of my 5 step content creation guide which gives you how to create content that will be specific to your niche.

1. What is a niche? A niche is a specific group of people with similar characteristics, or in your case a similar problem that you can uniquely solve for them. If you are marketing yourself as a financial advisor to retiring physicians looking to sell their medical practice you will be more attractive to that type of person vs. a "financial advisor". So when we talk about a niche, keep in mind that it can also be persona-based, like "retirees that live in Boca Raton". I'll just say the more narrow and specific you get the better.

2. Why are niches important and how can they help your business? Niches can help in 2 main ways: (1) you have a greater focus on what is crucial to your business to grow and move forward. You don't want to have your focus split too many ways and it will be if you don't have a narrow focus AND (2) it helps the people you are uniquely designed to help find you easier. A lot of advisors confuse this with turning away business. I will just say that it has never been my experience that you miss out on a great prospect because you are too focused. The reality is that prospect is probably not best for you.

3. What is a tried and true framework for marketing to a niche market?

Step 1 - Find out what your Niche/Target has in Common with Everyone. Step 2- Find out what your Niche/Target has that is Unique. Step 3 -Pick a topic/subject/problem they are facing for your angle. Step 4 -Brainstorm a list of 10-20 mistakes with corresponding desires/results. Step 5 - Create content with a bold promise for the 1 thing they want and tell them what life would be with it using.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Here are 3 tips successfully managing finances in marriage and for keeping the peace when you are supporting family members financially. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

I’m a financial advisor and in this podcast, I share my first impressions about the Robinhood Training App. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Here are 3 marriage and finance tips for communication that we have used throughout our 21 years to help us with managing finances in marriage! --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Increase your financial literacy and general money knowledge so you can better understand your personal finances and money mindset. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/bMP1L_RBl5k

Have you ever wanted to listen in on "behind the scenes" talk in the financial service industry?

My friend Preston Cherry, a fellow financial advisor, go "unscripted" on several subjects including:

1. The many facets and entry points into the financial services industry for aspiring financial professionals,
2. How you might not always follow a linear path as a financial professional,
3. The benefit of educational programs like Dalton, and
4. How to get experience (as a new advisor) if you don't have any.

Preston's LinkedIn Profile: https://www.linkedin.com/in/prestoncherry/

Preston's website: https://www.concurrentfp.com/financial-advisor-preston-cherry

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

What is unrealized gain or loss on investment? In this episode, I explain the difference between realized and unrealized gain or loss. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Can women in finance find success in a male-denominated industry...ABSOLUTELY!

There's no better person to discuss this with than my friend and colleague, Jacqueline Schadeck, CFP® of Sherrill & Hutchins Financial Advisory, Inc in Atlanta, GA.

Our conversation was about:

• Jacqueline's personal money story
• What it's like to be a woman of color and a CFP in a male-denominated industry...
• Advice for recent grads or anyone new into this industry...
• Jacqueline's recipe for success as a woman in finance...
• Rapid Fire Round covering financial literacy, women advisors, and the meaning of wealth

Jacqueline's Instagram Profile Jacqueline's LinkedIn Profile

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Does your employer offer a flexible spending account (FSA) or health savings account (HSA)? In this episode, I break down the differences between a FSA vs HSA to help you decide which one is right for you. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

My guest today to talk about financial coaching as a profession is Wilson Muscadin founder of The Money Speakeasy Wilson has thrived as a financial coach and had a long tenure in the financial services industry.

You don't often get such a candid insider perspective on a subject like "financial coaching".

That's exactly what I was able to do with Wilson Muscadin of The Money Speakeasy.

Wilson and I got into:

• financial coaching as a profession,
• its place in the continuum of financial advice, and
• the challenges faced by both consumers and providers of financial services.

If you're an aspiring financial professional that is looking for a 360-degree view of the profession you'll want to check out this conversation.

If you'd like to learn more about what it takes to enter the financial services industry, you can register for one of our live online trainings by CLICKING HERE.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://www.youtube.com/watch?v=L5ItcWyM48w If you are a current or aspiring financial professional you may wonder: "how to prepare for a meeting with a potential client?" I think this list can help you attract new clients to your practice as well as turn existing clients into raving fans from your meetings. 1. Set expectations. No one wants to be frustrated by being "overpromised" to and "under-delivered" to. This is why it is critical to set realistic expectations that you can deliver on with meeting with a prospective client. 2. Provide a service calendar (2:06). What should they expect? And at what times of the year will you be delivering these services? This will also allow you to create a set of routines or tasks for your back office to perform in order to meet expectations. 3. Always probe and ask great questions (3:25). Your clients and potential clients are really interesting people that do interesting things. BE INTERESTED. This will only strengthen the rapport you build for them to trust you as their advisor. Be genuinely interested in what is going on with them. Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Financial literacy is only required in 17 out of 50 states. Today, I share why financial literacy is so important with former NFL star Brandon Williams and Representative from Wisconsin Jason Fields. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

​​I met Whitney Hansen ​through her branding for The Money Nerds podcast​--a ​colorful and entertaining ​collection of ​stories and perspectives ​​on the employment of ​practical financial strategies for the everyday person.

When I reached out to Whitney and she so graciously responded I just knew we were going to have a great conversation about...

• The benefits of attending financial conferences like FinCon19
• What financial coaches do
• How she started The Money Nerds podcast
• Entrepreneurial advice
• Where she sees tremendous opportunity within the financial services industry
• Some disruptors to be aware of
• and much more!

Whitney's Instagram Profile Whitney's Podcast

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Let's talk FEARS of Starting a Financial Professional Career...Are any of these holding you back?

Working as a financial advisor there's nothing like the boogeyman to come try and scare you every now and again. :-)

From my career as a financial advisor I want to share a few "boogeyman" type myths that you may have heard about that shouldn't derail you...

Let's take our time a break down some of these arguments and show you why "FINANCIAL ADVISOR" is still one of the top careers in finance!

✅ Robos will not takeover. Clients still want human connection.

✅ Fee compression is a problem when you don't provide enough value.

✅ Zero commissions are a "shell" game.

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

There’s good debt vs bad debt. In this episode, I talk about a lender’s top concern which is your debt to income ratio. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

After 21 years of marriage, these are our 3 must-haves that any marriage or relationship needs in order to successfully handle finances in marriage! --- Send in a voice message: https://anchor.fm/dom-the-maven/message

This week we continue the fun...with the 401k! Have you ever thought: "how can I use my 401k to build wealth?" If you've ever asked yourself this question, this week I'm going to give you 3 strategies, that if followed, will help you maximize your 401k AND save you thousands in taxes!!!! Get your copy of these strategies... Click to get my FREE guide: "Creating Wealth to Walk Away!" >>>>>>>>>>http://snip.ly/7lhvwi P.S. Subscribe to stay up to date with the latest videos here: http://bit.ly/FLBCYouTube --- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/8E9r7F6m5hU

The industry hasn't done a good job pointing out the differences in all the different titles, so let's look at the advisor vs planner title...

1. Inside the industry it's all the same. Advisors can do the same work as planners although the term financial planner connotes a more comprehensive approach than advisor.
2. Your firm type will often dictate what your are called. There are basically 4 channels in this industry as a advisor or planner...that is bank, ria, b/d or hybrid.
3. Your target markets view of you is the most important view to manage and be aware of.

Finally, let me say what you call yourself can have little to nothing to do about what people see you as. For example, whenever I go somewhere and someone asks me what do I do, if I say "financial advisor" there is a natural inclination to what they are going to immediately think. Not until we get deeper into the convo (if that happens) can I change their initial thoughts.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

For the month of March, we're going to tackle the question of how to become a financial consultant.

So many of you have reached out for advice, so I'm going to provide you with the exact steps you need to take to begin a career as a financial consultant.

The Current Landscape

There are so many hats financial professionals can wear and because of this many paths have been decided.

At last count, there were 300,000+ "financial advisor" titles within the industry but I'm going to simplify this for you.

When it comes to working with individuals and their money in any capacity you can either be a financial advisor or a financial coach.

The Traditional Route

The financial advisor may also be known as a wealth manager, a registered rep, a financial planner. However, rather than the title being the main distinction, the key is whether they provide investment advice. Because for that you need to be licensed per the Securities Act of 1940.

Providing and charging for financial advice will necessitate that you have at least a Series 65 license. This is offered through FINRA. After you take this exam you can either work for a broker/dealer firm as an investment advisor representative (IAR) or you could create your own entity and start building a practice.

However, it is more common to enter into some type of training program that allows you to gain the experience to sell financial products and services. You may see many financial advisors at this point supplement their knowledge by obtaining a designation or getting an advanced degree (there are several) that can enhance your knowledge of products, and the overall process in wealth management and financial planning.

So if you go this route you will be viewed as taking the traditional route.

The Non-Traditional Route

Within the last several years there has been a movement of financial professionals that offer budgeting, credit repair, debt consolidation and other services that consumers of financial services demand. These are also financial professionals.

There is no current regulatory standard governing their interaction with the public.

A financial coach can provide a great bit of assistance to someone not quite ready to work with a financial advisor. They may need help with building a budget and organizing their bills, etc.

Financial coaches can provide the type of guidance that these individuals need in order to get in control of their finances.

If you'd like to learn more about how to decide your route, you can register for a free preview of my course "How to Jumpstart Your Financial Services Career" at djh-capital.com/jumpstart.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Roth IRA vs Traditional IRA, here are three reasons to use a Roth IRA. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

HSAs provide a triple tax advantage! In this episode, I talk about a health savings account and how it works. Learn how an HSA works! --- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/2LLiqm0Pk7E

Want to be a financial advisor, I'm going to be sharing with you my top 10 list of things to do to get a job as a financial advisor and jumpstart your career.

1. DO YOUR RESEARCH. You should be aware of all the different avenues there are to enter this industry. What type of role are you looking for? What roles are the most popular and what are people hiring for right now? Which firms are hiring?
2. JOIN A PROFESSIONAL ORGANIZATION. There are many organizations like FPA (Financial Planning Association), NAPFA (National Association of Personal Financial Advisors), and AAAA (African American Association of Financial Advisors) and others have varying levels of membership to fit wherever you are in career stage. These are national organizations that often have local chapters for you to be a part of. The next thing to do would be to join and become active.
3. JOIN A STUDY GROUP. This is usually a group of 5-10 or your peers that serve as accountability and camaraderie. Study groups can be excellent sources of information and a way to share wins/losses and best practices among a group of people you feel safe around and be transparent around.
4. FIND A MENTOR. A mentor's time and experience can be invaluable to you so this is a must. Check out this YouTube episode for more details: https://youtu.be/NXqsJMi_0FI
5. PRIME YOUR ONLINE PRESENCE. I place a high degree of importance on what someone looks like online. Check it out this video for exactly how I got to 10,000+ followers on LinkedIn: https://youtu.be/9fyVbjKR1ng
6. PURSUE A DESIGNATION. This is a highly competitive industry and while you're chilling, someone else is reading, studying, practicing, etc and you have to stay sharp.
7. NETWORK WITH PEERS. Invite a peer to lunch or coffee to talk "shop" as we call it. These are good opportunities (a bit more intimate and informal) than a study group might be.
8. ATTEND AN INDUSTRY EVENT. Most of the organizations I named earlier will have events on a local or national level that you can attend for a cost. This can be an excellent avenue for you to meet new people to further your career. Be intentional about why you are going and what you're trying to accomplish before you book your agenda.
9. REACH OUT TO POTENTIAL EMPLOYERS. That stellar opportunity will usually not walk up to you and tap you on the shoulder. You have to go find it. I cover 3 tips on how to position yourself to potential employers here: https://youtu.be/lcuy4ooDyaE
10. HUSTLE. Invest in yourself. Because if you don't you can't expect anyone else to do so.

Want a physical copy of this list to keep on your wall next to your computer? Send me a DM.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Some of my young advisor friends find themselves in the first 3-5 years of business asking the question...

Can I sell and help?

I'm here to tell you that there are some definite things you can put in place to avoid the financial professional's dilemma. Wanting to help people, but also the need to provide for your financial needs can present this dilemma.

How do you bridge that seemingly wide gap in motives?

1. Understand you will need a "True" North. First and foremost, you must remain true to yourself at all times. This means that money, fame, success at any level will only amplify who you already are. If you're a good person with a good heart, then all those things will only make you better...however the reverse is true. Pro tip: This is why I highly advocate all my coaching clients to have a morning routine that centers you and helps you affirm the reasons why you do what you do (whatever that is). Having a True North will help you stay true to you.
2. Understand that receiving compensation = "Thank you". Practically speaking...being compensated for selling a product or selling advice is just token of appreciation. I heard this concept from Rabbi Daniel Lapin and it was really eye-opening for me. You see all of us come from different money stories and depending on how you were raised you may view money as something other than a tool. It is not in of itself good or bad—it is can only be those things based on who is using it. So if you provide someone with a solution to a problem and they compensate you with money for doing that then you have earned the right to it and you should be proud of what you've done because you've helped them solve a problem.
3. Understand that you need "margin" or runway. Be prepared to "weather the storm" of this industry. Understand what you are getting into. Don't start in this business if it means that if you don't get any clients that you won't be able to provide for yourself or your family financially. It will take some time for people to trust you with their money regardless of how good your advice is. Be prepared for that and have some savings because it may take you a while to ramp up your income.Quick Question...Where do you fall on this continuum? Do you think you would have a conflict between selling or helping? Let me know down in the comments.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

A more appropriate title for our conversation may have been "the skinny on the financial services industry" because Gary Clement and I covered nearly everything.

I really enjoyed our talk and Gary's perspective because of his pulse being on both the view as a practitioner as well as an educator to the future generation of financial professionals.

We covered a lot of ground such as:

• some of the most shocking phenomena he's witnessed over his career,
• 2 things that aspiring financial professionals should realize about this business and the real job of financial advisors,
• the question Gary gets from his students all the time,
• the different routes into the industry, especially as it pertains to career-changers and the CFP designation,
• what the industry is "getting right" and what he believes is the future of financial advice

If you'd like to learn more about what it takes to enter the financial services industry, you can register for one of our live online trainings by CLICKING HERE.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

There are so many ways to make money as a financial advisor, I want to break down some of the more popular models to make money as a financial advisor.

Previously, you might have wondered do all financial advisors, planners, coaches get paid the same?

Is it from products sold?

Services rendered?

How does that AUM thing work? Let's tackle all of that today.

• For traditional financial professionals that are regulated by the 1940 Act, just find the ADV. Within that, you will see the various compensation models. Here's a video I've done describing this with my own ADV down below. Once you find that ADV, you'll likely come across a few different models... AUM Flat Fee Products/Commissions (life insurance, 12b-1 fees) Hourly
• If no ADV, this would be a more non-traditional route and means that you could see a different variety... subscription - probably the most popular (i.e. Financial gym) courses,
• Ultimately what you charge for and how much that will be up to: (1) your expertise and the (2) of client you will serve. But keep in mind flexibility and fit.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

It's not often you get to sit with an expert on how to determine your risk tolerance.

Whether your an investor or a financial professional, getting risk tolerance right in your investment strategy is a major component of successful financial planning.

I recently got a chance to have a great conversation with Dr. Brad Klontz, one of today's leading experts on risk tolerance.

We are able to cover the following during our conversation:

• Dr. Brad's personal money story
• Thoughts for how to talk about risk with wealth management clients
• The dangers in trying to "automate" risk management in portfolios
• The most important question to ask clients when it comes to risk
• How to avoid bias in your own investment strategy
• Parting words of wisdom for tomorrow's financial professional

Check out Dr. Brad's book on Amazon: https://amzn.to/2LehWpd

Dr. Brad's YouTube Channel Dr. Brad's LinkedIn Profile

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/GdyfzBBufc8 If you're listening definitely head over to my YouTube channel to catch the video version of this episode. I take you through what a typical beginning of the month looks like for my financial services practice.

1. My Morning Routine
2. COO Duties
3. CEO Duties

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Have you ever thought of a financial services career?

What is the career path of a financial professional? How do you move through the ranks?

When it comes to terms like "analyst", "lead service advisor" or "senior advisor" what do they mean? And even more so, what do those jobs look like?

Although I've talked about my fairly non-linear path as a financial professional, there are career paths that are more linear in nature.

If you're contemplating a career as a financial professional, check it out to see what you might expect.

• Years 0-3. This job role/description can take on many names but you are basically an analyst. By definition, you will see a lot of data and you will be challenged to synthesize mainly for YOUR sake. There's not a lot of liability on you from a client standpoint because you're still learning. Owners don't want you with that level of responsibility quite yet. Tasks may include: inputting data into software, running reports, sitting in meetings and having things go over your head.
• Years 3-5. You might have the title as "associate, lead" advisor but you are basically a service advisor. Having been in the game for some time you may be bumped up in PAY and RESPONSIBILITY for a few reasons. Hopefully, you've deepened your knowledge and invested in yourself to earn a master's degree, designation or both. You've got more experience so you will likely have migrated from synthesizing data for YOUR sake to OTHER stakeholders like firm owners and clients. Tasks may include: running joint or solo in client meetings, managing client relationships within the business, finding new business for the firm, etc.
• Beyond year 5. You have a lot of flexibility. This is where some advisors with a less certain upside decide to go on their own. If you have a good opportunity you may start down a partnership track which could present you with some interesting opportunities beyond just compensation--like ownership during a succession event. Tasks will likely include a fair amount of business development for (finding and retaining client relationships), you may also wind up portfolio management responsibilities depending on your expertise, or other high-level responsibilities like operations, compliance, marketing, etc.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

I recently brought on my friend and colleague Preston D. Cherry to discuss "how to become a financial planner?"

After receiving many similar questions, I felt it was time to offer 3 distinct paths you can follow to enter the industry.

I thought Preston best to speak on this as his resume speaks for itself...

-instructor at the nation's flagship financial planning program (Texas Tech), -instructor for Dalton Education's CFP program, -CFP certificant, -Master's in Financial Planning, and -Ph.D candidate.

I could think of no one better!

We are able to cover the following during our conversation:

• What's better the CFP or Masters in Financial Planning?
• Why the Master's degree is a base or signal to the public...
• What is the time/energy/money being invested?
• What are the 3 distinct paths?

Preston's website

Preston's LinkedIn Profile

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/5nGz2VeOYAI

There are 3 main things you can do to help yourself secure that first job as a financial professional:

1. Be confident. I know this may be hard before you earn your degree or actually are hired into the profession but you'd be surprised how coming across certain and confident will take you further than you expect.
2. Engage in "deliberate" practice. Practice saying what you're good at and why you would bring value to an organization on your friends, roommates or family. Get in front of the mirror and practice with yourself. Give your opening line that you would say to a prospective recruiter over and over again. Hi my name is Dominique Henderson. I'm currently studying finance at Prairie View A&M University and I'm eager to learn more about the career opportunities you have at ABC firm. Would you mind telling more about [insert job opportunity]?
3. Be Diligent. Follow up. You can't just check the box of attending one function and think that you will win the opportunity. Get a business card, connect on LinkedIN and other social platforms with the representative and follow-up. I'm talking about a setting like a career fair but you can apply this in just about any forum.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

I found out about the great things Steven was doing with financial literacy through Instagram from his Know Money Inc. brand.

I saw he'd just finished a BankRoll Summit at college and loved his focus on financial literacy.

Today, I invited him on to talk about his efforts reaching Gen Y and Z and specifically how the financial services industry can do a better job addressing their financial needs.

We are able to dive into...

• Steven's money story
• What types of conversations about money are resonating with today's college students?
• How can the financial services industry heal the broken trust with Gen Y and Z?
• How interested is Gen Y & Z in the concept of financial coaching?
• How are you incorporating the findings from your summits into those coaching/trainings?
• Has the student loan crisis caused a shift in the mindset of the next generation and how they view borrowing?
• A real-life example of how a current college student should be thinking about their future with money

Steven's Instagram Profile Steven's Website

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes

What is the entry-level financial advisor career path like? T

his is a question I get all the time and I want to cover the 4 basic paths today. ︵‿︵‿︵‿︵‿︵︵‿︵‿︵‿︵‿︵︵‿︵‿︵‿︵‿︵︵‿︵‿︵‿︵‿︵︵‿︵‿︵

1. A brief history of entrance into the industry

2. There are differences between each channel. They are the bank (or wirehouse/captive), broker-dealer, independents (or registered investment advisors) and hybrids.

3. There is a different standard in those channels—it is the suitability standard or the fiduciary standard.

4. Why you may choose either has totally to do with you and what you believe. Can you serve the client's best interest using either standard? What you would do for your parents should be what you do for clients. Although entering the industry via the broker-dealer route is ultimately a lower bar and easier, is it the best route to go for you? What are your thoughts?

If you'd like to learn more about how to decide your route, you can register for a free preview of my course "How to Jumpstart Your Financial Services Career" at djh-capital.com/jumpstart.

Thanks for listening, reading and watching.

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

I get a lot of questions on "how to become a financial coach, consultant, advisor or planner?" In this video, I'm going to detail exactly what you can do in order to begin your career.

✅ Step 1 - Join the Jumpstart community by visiting https://djh-capital.com/jumpstart

✅ Step 2 - Join the Facebook group.

✅ Step 3 - Subscribe to the weekly email.

✅ Step 4 - Start networking.

✅ Step 5 - Find a study group.

✅ Step 6 - Attend a live online training.

If you'd like to learn more about what it takes to enter the financial services industry, you can register for one of our live online trainings by CLICKING HERE.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

As a financial professional you're going to need to know how to attract your ideal client. There are 8 biologically programmed needs that every human wants or desires that revolve around 3 basic life themes...let's see how those fit into developing your marketing plan.

So in a previous video, I talked about the importance of finding a niche market and the 5 elements of how you would create content to market your services to them. And no matter if you feel you are good or bad at selling or marketing your services it will be helpful to understand that there are some common themes to use when doing so. Do people want to be in relationships? Feel safe? Feel significant?

The answer is YES...but how do you package that in a way that feels natural and genuine.

1. Life Theme #1 - Relationship - Everyone wants community. We've been wired to care about what others think in a way that will promote our survival. We care about the protection of our loved ones and we desire a level of companionship.
2. Life Theme #2 - Safety- Going all the way back to Maslow's hierarchy of needs we have to feel safe. This means that the basics of food, clothing, and shelter have to be provided before other things gain importance.
3. Life Theme #3 - Significance- Despite how hard we try we all want to gain the approval of something or someone. Being accepted for who we are and what we do is a big thing in modern society. This need for significance is evident in many different areas of life which is probably where the notion of "keeping up with the Joneses" came from. Regardless there are many different ways to use this as a positive in your marketing strategy...

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

As part of a settlement with the SEC, Elon Musk agreed to pay a $20 million fine and step down as chairman of Tesla. Here are my lessons learned from this news as Elon Musk resigns from Tesla.

🗣️ Send me a message. I just might include it in the next podcast episode! https://anchor.fm/dom-the-maven/message

💬 LET’S CHAT -- I'd love to meet you! Send me an email at: info@djh-capital.com

📲CONNECT WITH ME ON THE WEB - https://djh-capital.com/

© 2019 DJH Capital Management, LLC. Hosted By: Dominique J. Henderson, Sr., CFP®

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Have you thought: "do I need a college degree just to be a financial advisor?"

The quick answer is "no".

There are a few paths to being a successful financial advisor with (or without) a college degree...BUT there are some things to consider!

In my latest video, I talk about considering the following scenarios for success as a financial advisor:

✅ The Traditional Route with Finance background,

✅ Some college or no college, and

✅ Career Changer with no Finance background

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/NQouKGKjlzA

I met Ash Exantus by watching one of the many interviews he's done for social media. Without a doubt, my #1 takeaway→HIS ENERGY.

His energy and passion for financial education and literacy were infectious and contagious.

At that point, I reached out and several DMs later, we have this opportunity to talk about:

• His humble beginnings in the projects of New York...
• The origin of his work ethic
• Why entrepreneurship isn't for everyone
• Why he got into financial coaching and left the "regulated" world of financial services
• Why everyone one that earns money needs a financial advisor
• and much more!

Ash's Instagram Profile: https://www.instagram.com/iamashcash/ Ash's Website: https://www.iamashcash.com

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

We were a family of 5 living off of ONE INCOME. Here's how we did family budget planning to cut our grocery budget in half. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

In this episode, I cover the highlights and main takeaways from my YouTube channel videos uploaded in April on financial literacy, economic empowerment and personal development.

• Financial Checklist 2019 - 3 Questions to Ask Yourself
• Should I Save Money or Pay Off Debt
• Certified Financial Planner Career What Does a CFP Do
• 4 Tips to Avoid Tax Scams
• How to Do a Budget and SAVE MONEY
• Restricted Stock Units Explained
• How much to Save for Retirement
• A Rubric for Behavior

🗣️ Send me a message. I just might include it in the next podcast episode! https://anchor.fm/dom-the-maven/message

💬 LET’S CHAT -- I'd love to meet you! Send me an email at: info@djh-capital.com

📲CONNECT WITH ME ON THE WEB - https://djh-capital.com/

© 2019 DJH Capital Management, LLC. Hosted By: Dominique J. Henderson, Sr., CFP®

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

I've often been asked what are the best books for financial advisors or what should I be reading as a new and aspiring financial professional?

In this video, I'm sharing my top 3 book recommendations for aspiring financial advisors as well as my honorable mentions list.

COMPLETE BOOK LIST📚

1. "Life Planning for You: How to Design & Deliver the Life of Your Dreams" by George Kinder
2. "The Aspirational Investor: Taming the Markets to Achieve Your Life's Goals" by Ashvin B. Chhabra
3. "The Hero's 2 Journeys" by M. Hague and C. Vogler
4. "Think and Grow Rich" by Napoleon Hill
5. "Principles: Life and Work" by Ray Dalio
6. "Predictably Irrational: The Hidden Forces That Shape Our Decisions" by Dan Ariely
7. "The Practicing Mind: Developing Focus and Discipline in Your Life Master Any Skill or Challenge by Learning to Love the Process" by Thomas M. Sterner
8. "Exactly What to Say: The Magic Words for Influence and Impact" by Phil Jones
9. "How to Persuade and Get Paid: The Sales Workshop for Everyone" by Phil Jones
10. "Never Split the Difference: Negotiating as if Your Life Depended on It" by Chris Voss
11. "Bluefishing: The Art of Making Things Happen" by Steve Sims
12. "The 12 Week Year: Get More Done in 12 Weeks Than Others Do in 12 Months" by Brian Moran
13. "Big Debt Crises" by Ray Dalio
14. "Talking to Strangers: What We Should Know About the People We Don't Know" by Malcolm Gladwell

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

In this episode, I cover the highlights and main takeaways from my YouTube channel videos uploaded in May on financial literacy, economic empowerment and personal development.

Here is what we discussed:

• Honeydue App Review What is Honeydue and How Does It Work
• Why I Became a Financial Advisor: LIVE and UNSCRIPTED!
• How To Make Money While in College
• How Much Money Should I Be Saving 💲
• Budget for Small Business How To Do Your Numbers

🗣️ Send me a message. I just might include it in the next podcast episode! https://anchor.fm/dom-the-maven/message

💬 LET’S CHAT -- I'd love to meet you! Send me an email at: info@djh-capital.com

📲CONNECT WITH ME ON THE WEB - https://djh-capital.com/

© 2019 DJH Capital Management, LLC. Hosted By: Dominique J. Henderson, Sr., CFP®

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

When you want to talk about kicking down walls for the next generation of female financial advisors, there is none better than Jacqueline Campbell to provide financial advisor tips and strategy.

After spending more than 20 years in the banking channel for one of the world's largest, Jacqueline shares her wisdom for the next generation.

Our convo consisted of all these great topics:

✅ The Jacqueline Campbell money story...

✅ The impact of that experience on her legacy...

✅ A lesson in perseverance...

✅ An example of hustle...

✅ Why did you pick to settle in the bank channel?

✅ A few tips for any aspiring financial professional...

✅ And if you're not good at sales, be good at something else...

✅ Jacqueline's definition for "sales"...

✅ Advice for any career-changer...

✅ A big bank's perspective on the subject of diversity and inclusion...

Thanks for listening, reading and watching.

Connect with Jacqueline on LinkedIn: https://www.linkedin.com/in/jaqcampbell/

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

If you want some no-holds-barred, real career change advice, no one better than my friend Lauryn Williams to speak on the subject of career-changing.

Lauryn is a 4x Olympian turned financial planner.

She brought the same intensity from her famous athletic career to the field of financial planning, so we sat down to talk about her ups and downs, wins and losses in a totally new career.

If you're considering a move into the financial services industry and want to career change advice or just need some motivation, sit back and listen to Lauryn's story.

We covered a lot...

• The Lauryn Williams money story...
• What role does financial coaching play in the advice continuum?
• What sparked your interest in being a financial planner?
• How tough was the career switch for you?
• What role did mentorship play in your transition?
• Would you still choose financial planner over financial coach, if you had to decide again?
• What are your thoughts on diversity within the industry?
• Why did you start your own firm and what's your advice for others?
• As a career changer, what is the most valuable skill to possess?
• What do your days as a financial professional look like now?
• What's your #1 piece of advice for any career changer?
• Lightning Round - Which career is tougher? Hardest lesson learned...Greatest moment in either career...

Thanks for listening, reading and watching.

Here's how you can connect with Lauryn: https://www.worth-winning.com/win/ Follow her on IG: https://www.instagram.com/lauryncwilliams/

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Get ready to learn social media growth tips for financial advisors!

My latest guest Mr. Andre Albritton (IG: @themillennialsnextdoor) stopped by to provide a bunch of perspective and his top Tips for growing on social media for financial advisors that want to market their services.

Our conversation was about:

• How Andre uncovered his passion for finance...
• A unique opportunity Andre identifies if you're willing to put yourself out there now...
• Why video is key to your social media content strategy and the results he's noticing...
• To niche or not to niche...that is the question...
• How to let social media "pick you"... and developing a content strategy

Andre's Instagram Profile Check out Andre's Blog

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

If your goal is to become a successful financial advisor, then this is a power-packed interview for YOU!

I so enjoyed this time with my friend and colleague David DeCelle unpacking some of the "elements to success" for financial professionals.

We explored a ton of topics...

✅ Dave's own money story...

✅ What it is was like in the Northwestern Mutual culture...

✅ The importance of personal development in finding your advisor personality type.

✅ What you can do to give yourself an unlimited upside in this business and become a successful financial advisor..

✅ What are some "misplaced" expectations of aspiring financial advisors?

✅ Delivering a client experience vs. providing customer service...

✅ The #1 issue of advisors in the first 5 years...

✅ 3 tips for any career changer that wants to enter the industry...

✅ Your "real" role as a new financial professional in this business...

✅ Where does EQ rank in this career compared to IQ?

✅ Lightning Round: (1) The best financial advisor development program...(2) The #1 skill to develop throughout your career... (3) What are you listening to and/or reading right now?

Thanks for listening, reading and watching.

Click here to connect with David on LinkedIn.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/Hqv9Ym2ex5k

I met Danny Harvey through a mutual friend for the first time a few months ago during a visit to PV to enroll my children for the upcoming academic year. We hit it off right off the bat. I recently sat down and had a conversation with him about:

(1) PV becoming the 3rd HBCU to have board registered CFP program,

(2) the right mindset to have as "tomorrow's financial professional",

(3) what he's telling his students about the profession, and

(4) how the industry is changing for tomorrow's financial professional.

Danny's LinkedIn Profile: https://www.linkedin.com/in/danny-harvey-mba

Danny's TedX Talk: https://youtu.be/AIVEpUDAUNg

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

To all my career changers out there... what do you need to know in order to make it as a financial professional?

As a coach to financial advisors, I run across a lot of career changers from all walks of life and all ages.

I get a very common question, what steps should I take to make it as a financial advisor? It's not an easy question, but I'm going to do my best to help you out. Because this is a great profession in need of really great people.

If you haven't already, navigate here and download my free guide that gives you 10 tips to help you jumpstart your career as a financial professional.

1. Decide on your route. I've mentioned the traditional vs. the non-traditional route before, but it involves the degree to which you want to be regulated.In short, as a financial coach that just specializes in budgeting and/or debt reduction or student loan counseling that doesn't not advise on investments you can avoid being regulated.
2. Decide on your build. What does this mean? Well, what are you trying to accomplish? I've gotten a lot of "Hey Dominique, can I be a financial advisor as a side hustle?"Some want to actually quit their current career cold turkey and start. Others might be the "go-to" for friends and family and are considering a switch. Any of these are valid reasons but they lead to the inevitable questions of "what should you build?" If you want a full list of what to consider check out this video.
3. Build some runway. This can be done in a lot of forms including (1) Reducing your expenses for "x" months while still working your job, or (2) having a working spouse while you save.In either case, you will need margin and runway while you transition. The biggest mistake I see aspiring financial professionals make is not considering how long this will take and not having enough margin to get up and running. This should be 18-24 months of expenses to help you transition.
4. Hire a coach. I can't stress this enough. You need someone that can help you through some of the strategy involved in building a successful practice and making the pivot from your previous career.A coach is helpful in deciding the following:(1) How will you focus your energy? What gets done now vs. later? (2) Developing your marketing plan. Which type of clients will you target or go after and how? (3) How should you price your services?

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Do you want to know how to manage life and business?

As an empty-nester, entrepreneur and financial advisor and husband of 22 years, I had to bring on my 1st lady (Briana Henderson) to talk about finding balance in the entrepreneur life.

Here are some of the topics we hit...

✅ What everyone is up to

✅ What is the key for a "thriving" relationship with hectic schedules?

✅ What makes this work for us since it's not always perfect?

✅ Why "time is currency" in a relationship (especially our own)?

✅ How you avoid "avoiding" one another when there are no more kids to care for?

✅Some tips to help keep the relationship thriving!

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

I want to break down my 5 steps to creating a great client experience—what I call the WOW factor (wonderfully overwhelmed) What is the difference between customer service and client experience.

What makes that interaction good or bad? It is how you feel. Feelings influence buying decision and then we use our logic to justify our decisions. So whenever you can provide a great experience it will be remembered. So how do you do that?

1. Be Comprehensive- I like the comprehensive approach because it leaves no stone unturned. If you have a siloed approach you can miss opportunities to provide great service. I like to focus on 4-5 aspects of an individual's financial picture and they are the following: (1) Cash mgmt, (2) Investment positioning, (3) Tax strategy, (4) Asset protection, and (5) Non-Cash Compensations & Benefits. This allows me to see all the different pieces of a client's life and help them "talk" so that wealth and utility can be maximized.
2. Be Curious- If you are genuinely interested in forming a deep relationship with your clients, it will show. You can't expect them to have a good experience if every interaction results in some type of transaction. What about birthdays, anniversaries? How do you react to their wins/losses/challenges in life? Are you empathetic?
3. Be Ready to go above and beyond- I think this goes without saying, but the goal is to provide more value than what you are receiving as payment. My honest belief is that as financial advisors we have the power to change the trajectory of someone's life and that cannot be valued. But it is imperative that we create a process or framework by which to deliver that type of experience. A lot of this comes in the form of proactive vs. reactive service to the client. Can you get the answer faster? Or do something that saves them time on their end?
4. Be Straightforward- Beyond honesty and integrity be firm on any positions you take. This definitely means that when you screw up, be the first to apologize when you make a mistake. I've found that clients don't require perfection, just honesty. You won't have a spotless record but you must be the time of person that your client can trust will do the right thing when called upon whether it is uncomfortable for you or not.
5. Be Thinking of What you Like- This may seem a bit counterintuitive but think of how you like to be treated and do the same. It is the golden rule (more or less). If you like quick responses to your inquiries develop a system to respond to client inquiries and provide them with status updates on items you are working on or they are waiting on.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Are there certain things you can't (or shouldn't) say as a financial advisor?

Absolutely.

I've heard some wild stories in my time in the industry and I'm sure you have some doozies to tell also.

There are some guidelines in this industry as to what you can and cannot and I'd like to provide you with some tips that you can use as a financial advisor in practice.

In my latest video, I describe the following things as "bad" financial advisor talk:

✅ "I guarantee OR I'm sure that...Always...never..."

✅ "The client's assets I placed in XYZ fund will perform the same way for you..."

✅ False or Misleading information

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Compound interest can be extremely powerful for investing. In this Episode, I answer what is compound interest and how does it work. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Many of you will come across a financial advisor training program (or two) as you are navigating this journey to becoming a financial professional.

In this video, I look at the perspective of Daniel Tesfaye and a young advisor that works in the Merrill Lynch Wealth Management channel.

We cover a variety of topics that will intrigue the aspiring financial professional when it comes to entering this industry.

Daniel and I covered a lot, including:

• Daniel's own money story
• What prompted the move from insurance advisor to financial advisor?
• Do feel that "culture" has a huge impact on your success as a financial professional?
• What does an advisor development program look like on the inside?
• Are you compensated during the program?
• What do most days look like for you now?
• What other professional aspirations do you have?
• What are your thoughts on spending the 1st 5 years learning the business vs. starting your own?

Thanks for listening, reading and watching.

Click here to connect with Daniel on LinkedIn.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://www.youtube.com/watch?v=1f4MEt0NzoA

What is the entry level financial advisor career path like? This is a question I get all the time and I want to cover the 4 basic paths today.

1. Brief history of entrance into the industry
2. There are differences between each channel. They are the bank (or wirehouse/captive), broker-dealer, independents (or registered investment advisors) and hybrids.
3. There is a different standard in those channels—it is the suitability standard or the fiduciary standard.
4. Why you may choose either has totally to do with you and what you believe. Can you serve the client's best interest using either standard? What you would do for your parents should be what you do for clients.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/9fyVbjKR1ng

Today I'm going to show you how to make a good LinkedIn profile and share how I grew my LinkedIn profile to over 10,000 followers. It doesn't take long to setup a good LinkedIn profile and it'll really pay off, even in 2019 as more people join the platform.

1. Use a killer headshot. A picture is worth a thousand words...but make sure it is a good one. If you have to spend a few bucks getting it right...even if you have to go to a photo booth.

2. Write a killer headline. My personal preference for the 120 characters that we get for this prime piece of real estate, is to state "how I help people." Don't just use a job title as that can be reflected in the description below.

3. Triple check the profile for accuracy. There is absolutely no way to look unprofessional than to half misspelled words or inaccurate information on your LinkedIn profile. Remember this is how recruiters, colleagues and potential employers are seeing you for the 1st TIME. Make sure you check, double-check and triple-check your profile to make sure it is accurate. Don't use unprofessional email handles and old phone numbers.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Here are my budgeting tips to help you budget your money and save for emergencies, retirement, and other expenses! See the formulas for success here: http://bit.ly/5-success-formulas --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Eventually, wouldn't you like to kick your feet up? You know...just sit back, relax and live off the fruits of your labor from all the hard years of work. Before you do this, you'll need to create "walk-away" wealth. Join me today, as I begin a new 4-part series on wealth strategies I'm using inside my financial planning practice which enables my clients create "walk-away" wealth. If you have ever had questions about the following topics, don't spend another weekend sorting through: 401(k) allocations; employer benefit plans and options; monthly budgets with cumbersome software; employer stock purchase plans; and restricted stock units and stock options Get out your pen and paper as I walk you through several strategies which will maximize your opportunities to create "walk-away" wealth. Avoid the common mistakes of "do-it-yourself" financial planning by using these strategies to create wealth for the lifestyle you want! --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Finding success in your personal financial planning career consists of a lot of things.

For one, which designation, certification or degree program should you use?

There are so many!!!

How do you know which to go after? Which is right for you?

Today, I want to share with you some key considerations for picking the right designation and my top 3 financial designation recommendations.

1. Accreditation. This is one of the biggest factors in my opinion. Just like you want to attend an accredited college you want a designation that also has accreditation. You can use this site to research designations: https://www.finra.org/investors/professional-designations. Be careful of designations/certifications that are relatively new, have a low amount of members and have a fairly low barrier to entry. It leads to my next point about...
2. Public Perception/Reputation. One of the main reasons for the time, effort and money that goes into a designation or certification is the reputation it should bring. You want a designation that is reputable not only among your industry peers, but also the public. Public perception can go along way for helping you as you establish yourself. It is not the "end all be all" but having the right designation combined with the correct marketing strategy is powerful (check out this video on the importance of picking the right niche)
3. Comprehensiveness. Don't forget that the whole point of the designation or certification is also to LEARN something! You want to become more proficient at whatever it is that you are getting the specialized training for. In order to do this, you may want to have courses that are taken (that can be self-study or not) along with an exam requirement.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/dE2OWKFSrIc

How to start your own investment firm and become an independent financial advisor is what we're going to cover today. There are 2 important questions to ask "when" and "how". When it comes to exactly when to do break away involves mainly:

1. "Do you have the financial runway?" Financial runway is a supportive, working spouse that understands that in months 0-24 you will be grinding it out and adding extra expenses to your household budget. You need either this and/or savings that will give you the income you need once you leave a paying position and go to zero but start incurring business expenses.

2. Also consider... do you have the expertise it will take to care for clients and have them trust you? You shouldn't break out on your own with less than 5 years experience. I may have some that disagree but this is just a hard thing. Unless you are an 11 on a scale from 1-to-10 on sales, you need to wait until you have established your reputation in the business before you become the quarterback of someone's financial life.

3. Next you should consider "how". Always play by the rules and declare any OBA (outside business activity) while you're registered with your current firm. You may also have a non-compete agreement in place preventing you from soliciting clients for business. Ultimately you may just have to make a clean break from your existing firm.

4. This means you'll want to file properly and use a professional with the expertise to help you. However, before leaving your current firm and stopping your paycheck, you need to have a clear idea of your firm name, how you will charge and drafts of all your documents like your ADV, file your LLC (articles of incorporation), your policies and procedures, etc.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/NXqsJMi_0FI

In a recent group coaching session, I covered why you might want to be an independent financial advisor and start your own firm.

There are a lot of factors to consider...

My hopes are that after listening to this episode you will be able to understand some of the more important ones.

SHOULD YOU START YOUR OWN INDEPENDENT FINANCIAL SERVICES FIRM?

Here are some possible reasons you may go that route...

1. REASON #1 -- The current firm you work for does things you don't agree with morally or ethically.
2. REASON #2 --There isn't a clear career path that aligns with your goals.
3. REASON #3--The firm doesn't have enough stability (financially, management, etc.)
4. REASON #4 --The firm doesn't value your contribution.
5. REASON #5 --The firm owners are looking to sell.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Do you want to know exactly how to find your next financial services job?

Without guidance, it can be difficult to know how to get a job in finance with no experience.

Many of you that watch my YouTube channel or read this blog want to know how to get a job as a financial advisor.

Knowing how to get a job in finance boils down to a couple of things that I want to share with you.

TIP: Use a site like www.adviserinfo.sec.gov to conduct background research on a firm.

1. Identify the firm(s) - So I shared this trick inside my Facebook group some time back on how you can use public information to research a firm or firms you're interested in working with. Luckily, this information can help set you apart since not everyone knows about this little secret. This is a requirement that all firms have a profile here. You can look up the firm or members of the firm that are registered individuals. Here you can find a lot of helpful information.
2. Prime your social presence - I'll also say that before you go applying this new secret check out my video on "Priming your LinkedIn Profile" so that when firms start looking at you online they will be impressed by what they see.
3. Develop your outreach strategy - Go to LinkedIn and follow their feed or the person that could make a hiring decision at the firm. You will comment on posts they make and engage with them.
4. Execute your outreach strategy - Reach out with a personal video after you connect with them to invite them to 15 mins of "virtual" or physical coffee.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

If you've ever had the feeling that you're leaving "money on the table"...(KEEP READING) As a financial advisor, I read through hundreds of employer benefit plans--and do you know what I see? MONEY LEFT ON THE TABLE. On average, I see five figures not utilized through several very easy, simple strategies that can be implemented by anyone. On today's show, I want to give you the 3 most common, best "bang-for-your-buck" strategies that I'm employing with my current clients. When properly employed, you can put thousands of dollars back into your pocket! I'LL GIVE YOU AN EXAMPLE OF MONEY LEFT ON THE TABLE THROUGH UNDER-UTILIZATION OF EMPLOYER BENEFITS THAT INVOLVES: -a common retirement plan strategy -a triple tax-advantaged strategy to fund your medical care -a strategy to reduce the costs of childcare All these questions and more in the 4th episode of the "Creating Walk Away Wealth" series. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

How can Robinhood afford to give free trades? Are there hidden fees? Understand how the Robinhood app makes money in this review before you use it. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

What the value of financial coaching?

I've noticed Saundra Davis from afar, but not until recently have we connected so I can bring her perspective on financial services to my audience.

Saundra brings a wealth of knowledge to our conversation from her work in financial coaching, education and planning.

I am especially eager to dive into the topic of financial coaching as it relates to the financial health continuum.

Here are some highlights from our conversation:⁣ ⁣ 🔥 How she carved her way into financial services after 3 careers (I guess the 4th time is a charm :-)⁣ ⁣ 🔥How her role in academia has shaped her into a better practitioner⁣ ⁣ 🔥How networking gave her the advice that helped shape her career in financial services and gave her an internship in her 40s⁣ ⁣ 🔥How financial coaching fits into the financial health continuum...⁣ ⁣ 🔥The difference between financial coaching as doing something and how you show up for your clients⁣ ⁣ 🔥The necessary path of self-awareness that financial professionals have to walk...⁣ ⁣ 🔥How having a commitment to excellence is the formula to success⁣ ⁣ If you'd like to connect with Saundra, click here.

If you'd like to learn more about what it takes to enter the financial services industry, you can register for one of our live online trainings by CLICKING HERE.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes

I was so excited to talk with Bola Sokunbi of Clever Girl Finance in this episode. We covered a host of topics such as the lack of women in the financial industry and how she began her online brand by blogging.

Her story serves as an inspiration to ANYONE wanting to become a financial professional.

Our conversation was rich with dialogue about:

✅How Bola developed a good money foundation,

✅ Some considerations for women financial professionals,

✅ How she's used blogging for foundational content to build her brand and why she prefers this platform over just using social media,

✅ Why Bola feels that regardless of which path you pursue you need this one thing...,

✅ Bola's perspective on the student loan debt crisis, and

✅ Parting advice for the aspiring financial professional of tomorrow

Check out Bola's book which features the stories of women that have changed their financial situation and built 6 and 7 figure incomes.

Clever Girl Finance Instagram Profile

Visit her website

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes: How do you show up when preparing for a job interview? I've heard from so many of you about career opportunities being presented to you in financial services. What are some tips for success to kill that interview? How you appear online.  Your digital footprint is as big a deal as ever. I can tell you how many people don't get a minute more of my attention after I spend 5-10 minutes researching them on social before a scheduled meeting. We all have the same amount of time, but there's a higher premium on the time of some and you don't want them to make a snap decision before they get to know you in the 3rd step. What are some things you can do to maximize the amount of time someone will spend with you even before they meet you physically? Prime your social profile. (misspelled words, incorrect contact information, inappropriate emails, pics of you in super revealing clothing or drinking with your buddies.) Understand the type of opportunity/job your after. You're trying to help people with their money...THINK ABOUT IT! Watch how you "show up" Use tools like Canva to create a LinkedIn banner that pops, spend money on some professional headshots and buy a good dress suit. How you appear on the phone. Prepare for your phone screen. If you're being interviewed make sure you spend the requisite amount of time on the following: The company and its mission The person(s) conducting the interview (social profiles, resume, etc) The program you're being considered for (what is the program goals, who are they looking for, connect with previous applicants via LinkedIn) How you appear in person. If you're lucky enough to make it to this 3rd stage you need to be prepared to WOW them. Assuming your interview will be formal like most are, dress to impress. If you cannot afford a nice dark suit (gray, black or navy blue) borrow one. Of all the days, you want to make sure you are looking your best is this one because you may not get another chance. Also, get a hair cut and groom appropriately. Show up early, better to have time to kill in the lobby than running late. Maintain eye contact and relax take your time before speaking. It's ok to ask for a question to be repeated so you can think first. You will likely get at least one "stumper" of a question in which case it's fine to say..." you know that's a really great question, I'll have to give that some thought and get back to you." --- Send in a voice message: https://anchor.fm/dom-the-maven/message

In this episode, I cover the highlights and main takeaways from my YouTube channel videos uploaded in June on financial literacy, economic empowerment and personal development.

Here is what we discussed:

• Week 1 - How To Build Wealth
• Week 2 - Evaluating Portfolio Performance: How to Evaluate Your Portfolio
• Week 3 - How Much Does the Average American Make and Spend
• Week 4 - Entrepreneur Wife Life 🤦🏽 3 Valuable Takeaways UNCENSORED

🗣️ Send me a message. I just might include it in the next podcast episode! https://anchor.fm/dom-the-maven/message

💬 LET’S CHAT -- I'd love to meet you! Send me an email at: info@djh-capital.com

📲CONNECT WITH ME ON THE WEB - https://djh-capital.com/

© 2019 DJH Capital Management, LLC. Hosted By: Dominique J. Henderson, Sr., CFP®

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

When you want to talk about the impact of technology (automation and digitization) on the financial advisor of today or tomorrow it might be a good idea to talk to a computer scientist.

That's exactly what I did in this convo with Calvin Williams, Jr. (owner of the first black-owned robo advisor--Freeman Capital.)

Our conversation covered so many topics like:

• How was money talked about when you grew up?
• How Calvin views the impact of technology on the advisor of tomorrow...
• What will A.I.'s impact be on human advisors? And where's the opportunity?
• Advice for human advisors...
• What role does traditional learning have in today's society of technological advances...
• Looking at the future of finance with A.I. and humans...

Calvin's Instagram Profile Calvin's Website

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

In this episode, I explain the differences between a Roth and a Traditional IRA so you can determine what is best for your retirement savings strategy! --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

I met Julie Kalkowski after I reached out to her after reading an article in Creighton's Alumni magazine about the tremendous work she's doing to promote financial wellness in the Omaha area.

Through several self-initiated grants, she has helped hundreds of individuals gain valuable perspectives on their financial health and also found data on how this relates to physical wellness.

Her work has several implications on how financial services will be both received and delivered in the future and I wanted to bring her on today to talk about that.

• How Julie developed her career in financial education/literacy
• Tell us about the study and the impact on the financial services industry
• The tools and methods that are being effective in helping drive outcomes in the study
• What should tomorrow's aspiring financial professional understand about financial health?
• What makes a good financial coach
• and much more!

Julie's Linkedin Profile Financial Hope Collaborative's Website

Thanks for listening.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/kxjxmCUiCYk

The website I'm referencing in this podcast is located here: https://www.cfp.net/become-a-cfp-professional/cfp-certification-requirements

The path involves following the 4 E's:

Education (including continuing education).

• Complete college or university-level coursework through a program registered with CFP Board, addressing the major personal financial planning areas identified by CFP Board’s most recent Job Analysis Study; and
• Verify that you hold a bachelor’s degree or higher from an accredited college or university (accreditation must be recognized by U.S. Department of Education at the time the degree is awarded).
• Continuing ed 30 hrs every 2 years

Experience

• CFP® certification indicates to the public your ability to provide financial planning unsupervised, and CFP Board requires you to have 6,000 hours of professional experience related to the financial planning process, or 4,000 hours of Apprenticeship experience that meets additional requirements.
• You have to understand the 6 Elements of financial planning: https://www.cfp.net/images/default-source/infographics/experience-infographic-web.jpg?sfvrsn=4

1. Establish and define the relationship: What is the scope?
2. Gather data What info do you need to fulfill the relationship expectations?
3. Evaluate client's financial status How will you analyze where they are?
4. Develop and present recommendations
5. Implement recommendations What needs to happen to carry out recommendations
6. Monitor over time How is success measured?

Exam

• 170 questions administered over two 3 hour sessions (with a 40 minute break). I started studying after my education requirement was complete with a review course in August and then sat for my exam that November.

Ethics

• Must adhere to CFP Board's Standards of Professional Conduct and be willing to allow them to enforce them if you don't comply. It's really 3 parts...you have the Code of Ethics, the Rules of Conduct and then the Practice Standards. Basically means to make sure you render all your advice while a CFP in the client's best interest

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/0FbVZ34ZSNw

When I graduated with my degree in Finance in 1998 there was a certain set of classes that I had to have...but I'm here to give you what I think is the most relevant.

Keep these things in mind as you navigate your journey to becoming a financial professional...

1. College is to teach you how to think/learn. Since information is so abundant nowadays you should be using college to ask questions and challenge previously held assumptions. Don't take the easy route by just learning what you need to pass the exam or class.
2. Master the basics. As a financial professional you have to have your basics. So principles of accounting, economics and finance are crucial.
3. Social sciences are huge. This career is becoming more about the softer side as consumers realize they can have their investment choices automated and their budgets crunched. Helping a person understand why those things need to be done and what happens if they're not is the important skill. And for that you need high EQ and to be a good listener.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://www.youtube.com/watch?v=Ku3oiyzHBi8

If you want to be a financial professional and you want to know what working for a big or small financial services firm would be like...keep reading!

• PRO -The availability of resources at a large firm will likely not be an issue. Things from office space to a dedicated admin are things that you won't always find when going small or on your own. Typically, a larger firm will have a lot of amenities.
• CON - Big is not always better. At large firms, there can be a tendency to be lost in the shuffle
• CON - Does a big firm serve the client or the shareholder? This may show itself in the form of products sold and quotas being met. By contrast, without hundreds or thousands of client families, each one is more important, so you will feel closer to your clients in a smaller firm
• PRO - Financial stability at a larger firm isn't usually an issue. A stable firm would probably be one that reaches more than 100MM in AUM or more than $1MM in revenue. This is a very common benchmark in the industry and many small firms never reach this.
• No matter where you work, make gaining experience your chief objective during your stay.

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Have you ever wished you had more time in a day?

Understanding how to stop procrastinating and get work done can be liberating for you.

As a financial advisor to clients and a coach to financial advisors, I've put together a system that allows me to seemingly squeeze more hours out of my day.

Getting more done and being more productive will only help you procrastinate less and thereby be more effective.

I share the method to my madness in the video below...

• Have a morning routine. I have a whole philosophy around mindset and how that dictates our result. I strongly advocate employing a system or framework to start your day. Whether it's exercise, meditation, reading, prayer, et. Some level of consistency provides you with the discipline and momentum you'll need to finish your day. My routine is made up of a mosaic of techniques like using the Life SAVERS technique introduced by Hal Elrod in The Miracle Morning.
• Develop a capture system. This was probably one of my biggest wins going back to 2018 was finding a way to capture my thoughts. (EXPLAIN... You know when you have an idea and then your brain goes into the stage where you can't remember it because you didn't write it down. This is why you need a capture system. Some may use sticky notes, but the goal of any capture system should be EFFICIENCY. When the idea/thought/to-do hits you capture it for processing later. This is how you keep the maximum amount of RAM available for higher-level activities.
• Stay out of your email. This seems a little weird, right? As a financial advisor, you're like well I might miss something from a client or prospective client. Although that can happen you can use an autoresponder during the day. If this is a concern you can turn this on when necessary. Generally speaking, though you should stay out of email because of how much a time-suck it can be. Most are there least productive stuck inside their email inbox marking things read/unread, dragging to folders and contemplating. Set a time in the morning and the end of your day to process your email.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

It can be difficult to choose a framework or form a philosophy for investing your clients' hard-earned money.

However, there are a few principles to keep in mind.

In developing my "true north" for investing, it started with something Sir John Templeton said...

time in the markets is more important than market timing.

To catch that key piece of wisdom and more...check out today's episode.

What is your investment philosophy?

1. Start with strategy design based off your philosophy. For example, I believe markets are efficient and therefore choose to create portfolios that expose my clients to the factors I feel determine portfolio returns. Like relative price, size, and profitability.

2. Develop a method to evaluate assets and/or portfolio managers. Which types of assets will you use? This involves looking at what the client needs in relation to your overall philosophy and strategy. For example, if I see the client requires 6% returns, I find assets that have delivered at least that historically. Next move to portfolio manager evaluation. This holds true if you select mutual funds or separately managed accounts (SMAs). This should be based on the client's investment policy statement which starts with a discussion around risk and return preferences.

3. Develop a disciplined framework to monitor your strategy. Finally, have the discipline to follow the strategy. Largely the goal of a financial professional is to manage the behavior of the client through good times and bad...especially the bad. What benchmarks or goals will tell you if this is working? Client performance? Broad market indices?

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

A lot of my clients ask me whether they should pay off their mortgage or invest. These are my tips to help you make the decision between paying off your mortgage early or investing. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/SCV30_Yy3HY

I've seen my fair share of new hires and interns while working as a financial professional. And although during the last 3 years I've worked as a solo advisor, I've had a lot of people that I've coached to get them to the next level. I want to share what I think is the proper way to position yourself when you prepare your resume...

1. Nothing beats personal touch. Don't let your resume do all the talking. I use a free video service called Loom that allows me to record a quick video that provides context and can be embedded write into the email you're sending with your resume in it. SET YOURSELF APART.
2. Keep it shorter (vs. longer). This shouldn't be a biography. It needs to highlight in 1-2 sentences how you helped the bottom line of that organization.
3. Highlight only relevant experience. I see LinkedIn profiles with every bit of experience a person has whether it's relevant to the opportunity or not. What is really important to remember is that you are seeking a specific job type at a specific company. Your resume shouldn't then scream "generalist".

Thanks for listening.

For more information on what I'm doing for current and aspiring financial professionals, click here.

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Here are tips on how to lower your tax bill and other tax deductions so you can save money this year and beyond. If you are employed, these are ways to reduce your taxes. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

In this episode, I cover the highlights and main takeaways from my YouTube channel videos uploaded in July on financial literacy, economic empowerment and personal development.

Here is what we discussed:

• Week 1 - How to Recover From Investment Losses
• Week 2 - You Don't Need A Financial Advisor
• Week 3 - What's Wrong in the World of Financial Advice
• Week 4 - How Can a Financial Advisor Steal Your Money💸?
• Week 4 (BONUS LIVE STREAM)- Debt Free Journey On A Low Income 💳
• Week 5 - Mindset of Wealthy 🧠 How To Manage Your Money Like the Rich

🗣️ Send me a message. I just might include it in the next podcast episode! https://anchor.fm/dom-the-maven/message

💬 LET’S CHAT -- I'd love to meet you! Send me an email at: info@djh-capital.com

📲CONNECT WITH ME ON THE WEB - https://djh-capital.com/

© 2019 DJH Capital Management, LLC. Hosted By: Dominique J. Henderson, Sr., CFP®

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Have you ever wondered what the difference is between your FICO score and your credit score? In this episode, I explain your FICO score and tips on how to increase your credit score. --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Creating your plan of attack as a career changer is the last step you will need to take.

How to career change from [fill in the blank] to a financial consultant, coach, planner or advisor can be tough without a plan.

In the video below, I'll walk you through the 3 major areas to consider.

"The questions I think you should start with when it comes to making a plan are... "

What needs to happen in your existing role? What needs to happen with your finances? What needs to happen with your family?

There are so more you could throw into the mix but let's deal with those because they center around.

1. Your Current Career 2. Your Money 3. Your Family/Relationships

All these will likely play a major role in your transition.

Creating Your Plan of Attack for your current career...

Your current career may be something you can wait to get rid of and just shoot them the deuces, but in creating a proper exit plan or should I say "transition" plan you want to consider: (1) not to burn bridges unnecessarily as this could provide a great reference of your (2) transferrable skills. Are there aspects of your current career that can be used in your future career

Creating Your Plan of Attack for your money...

I've talked a lot about building financial runway before, like this video. The point is you will need some extra cushion in the likely event you take a pay cut to become a financial professional. The last thing you'll want is the added financial stress along with studying for exams and learning a new career.

Creating Your Plan of Attack for your family/relationships...

I'm a bit old-fashioned, but I think sitting your loved ones or those "along for the journey" with you is a good idea. Especially if it will affect them financially or the time you'll be able to spend them. Just being upfront and transparent will go a long way to gaining their support with your new move.

All of this should be part of your plan of transition.

If you'd like to learn more about what it takes to enter the financial services industry, you can register for one of our live online trainings by CLICKING HERE.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Show Notes:

Experience is a typical requirement for many jobs nowadays.

Financial services is no different in that your journey is made easier if you bring "transferrable" skills with you.

Just because you don't have financial services experience—especially as a new graduate or career changer—doesn't mean you can't break-in to financial services.

There are many ways to go about this as I discuss in my latest episode.

In the previous episodes we started developing this sequence of (1) deciding on your route (2) finding a model/mentor, and now we start the "sampling" process.

"Sampling"

Just like at Costco they give you those food samples to try to get you the buy the product.

My friend Ash Exantus says that you need to date financial services before jumping in to marry it.

So the questions are: Could you shadow someone in the industry? Can you volunteer? Can you get more exposure to this industry in some way? And the answers to all of those is "YES".

So if followed all my instructions from last week, you could ask a mentor or for that matter a professional connection...let me shadow you for a day. I just want to watch what you do, ask questions and take notes. If you did this 6-10 times in a year or less, you'd have a better idea of what you're getting into.

I'd even go so far to say that you could even use this to help refine the path you want to take.

If you don't know whether you want to be a coach or advisor, shadow both.

What are some things you could do?

You could volunteer with a non-profit financial literacy organization in your city.

You could provide budgeting help for low-income families at your church.

You could volunteer to talk about financial education at a local school through avenues such as Junior Achievement, Cents Ability or the Jumpstart Coalition.

Need I keep going?

There are so many ways to get real-life exposure to this industry to give you a taste of what you may want or not want.

Now...go and implement.

check out this interview I did with Julie Kalkowski about what she's doing. Could you find an opportunity like that? Maybe.

If you'd like to learn more about what it takes to enter the financial services industry, you can register for a free preview of my course "How to Jumpstart Your Financial Services Career" at djh-capital.com/jumpstart.

Thanks for listening, reading and watching.

Are you a current or aspiring financial professional? Click here to learn more about how I'm helping you jumpstart your career!

Want to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).

--- Send in a voice message: https://anchor.fm/dom-the-maven/message

Podcast Details: Podcast Title:  Decoding Our Money Messages – Part 1 Podcast Series: The Maven’s Keys to Financial Contentment The Maven’s Keys to Financial Contentment is my idea that true financial contentment can be found when an overlap of money and beliefs occur.  Many people ask the question of how to be “financially content” and this is a discussion to uncover those answers. (CHECK OUT OUR YOUTUBE CHANNEL FOR THE VIDEO VERSION) Link to Show Episode George Kinder from 7 Stages of Money Maturity – (3:30) * The Seven Stages of Money Maturity: Un --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Podcast Details: Podcast Title:  Decoding Our Money Messages – Part 2 Podcast Series: The Maven’s Keys to Financial Contentment The Maven’s Keys to Financial Contentment is my idea that true financial contentment can be found when an overlap of money and beliefs occur.  Many people ask the question of how to be “financially content” and this is a discussion to uncover those answers. (CHECK OUT OUR YOUTUBE CHANNEL FOR THE VIDEO VERSION) Link to Show Episode George Kinder from 7 Stages of Money Maturity – (2:30) * The Seven Stages of Money Maturity: Understanding the Spirit and Value of Money in Your Life * page 5…”Money Maturity helps resolve the troubling emotional conflicts around money that never seem to go a --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Podcast Details: Podcast Title:  What to Do Before You’re Gone Podcast Series: Financial Literacy Boot Camp (Video and illustrations available on our YouTube channel here.) So recently I created a little template that I like to call the “Financial Contentment Letter“.  And it is really a discussion starter and thought provoker for clients to start to take action on their estate planning.  This is a good document to go over before you create a will, medical & health care directives, or power of attorney because it helps you think through the things necessary in all those documents. So I wanted to take the time during this show just to walk through the rationale behind my creation of this document and some of the experiences I’ve had --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Podcast Details: Podcast Title:  Solutions to the Career Transition Problem: Discovering Passion from Adversity with Ernest Owusu Podcast Series: Financial Literacy Boot Camp (Video and illustrations available on our YouTube channel here.) * (1:25)–Ernest’s journey into football, his perspective as an undrafted free agent competing in the NFL and what it felt like when he started to realize the “business” part of being a player in the NFL; * (8:58)–the transition process he went through when an injury related to his sickle cell trait caused his premature exit from the league and what some of the crucial decisions he made during that time; * (11:05)–we also talked about his money habits (and where they came from) and the discipline he employed while being in the spotlight of the National Football League; and * (15:15) –we talk about what --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Podcast Details: Podcast Title:  The Social Cartographer Series:  Diagnosing Podcast Series: The Maven’s Keys to Financial Contentment The Maven’s Keys to Financial Contentment is my idea that true financial contentment can be found when an overlap of money and beliefs occur.  Many people ask the question of how to be “financially content” and this is a discussion to uncover those answers. Link to Show Episode As we discussed a couple of weeks ago in “Decoding Our Money Messages“, there are belief systems that essentially act as the software program in our brains that have us carry out certain behaviors or decisions that produce a set of desired or undesired results.  For example, you may be that money is something that only the rich have because they take it from others, and therefore you find it hard to --- Send in a voice message: https://anchor.fm/dom-the-maven/message

radPodcast Details: Podcast Title:  Solutions to the Career Transition Problem: “Developing a Millionaire Mindset” with Brandon M. Williams Podcast Series: Financial Literacy Boot Camp (Video and illustrations available on our YouTube channel here.) Link to Show Episode * (3:07)–Brandon’s background and journey in college and professional football * (6:50)–Brandon’s transition from football to broadcasting; his mindset when leaving NFL and not reaching all his goals while playing in the NFL * (11:45) –Brandon’s perspective on wealth management and what drove his decision * (16:40)–Brandon takes us inside the NFL locker room; * (23:10) –Brandon and his passion for financial literacy and his partnership with Wisconsin’s new financial literacy legislation --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Podcast Details: Podcast Title:  The Social Cartographer Series:  Prescribing Podcast Series: The Maven’s Keys to Financial Contentment The Maven’s Keys to Financial Contentment is my idea that true financial contentment can be found when an overlap of money and beliefs occur.  Many people ask the question of how to be “financially content” and this is a discussion to uncover those answers. Link to Show Episode So last week we talked about “DIAGNOSIS“…and today we’ll cover “PRESCRIBING”. Any good physician will diagnose prior to prescribing a solution/medicine/remedy for the patient.  I have a similar mindset when working with a financial planning client.  I believe gone are the days of a paradigm where advisers withhold information in a condescending manne --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Podcast Details: Podcast Title:  The Social Cartographer Series:  Monitoring Podcast Series: The Maven’s Keys to Financial Contentment The Maven’s Keys to Financial Contentment is my idea that true financial contentment can be found when an overlap of money and beliefs occur.  Many people ask the question of how to be “financially content” and this is a discussion to uncover those answers. Link to Show Episode So last week we talked about “PRESCRIBING“…and today we’ll cover “MONITORING”. So a brief recap… In DIAGNOSIS we have to have a DESTINATION DECISION and DESTINATION ADJUSTMENTS.  This is inevitable.  Although possible, it is rare when you are traveling long distances that you won’t have to ma --- Send in a voice message: https://anchor.fm/dom-the-maven/message

Podcast Details: Podcast Title:  Tools for Your Personal Development Podcast Series: Financial Literacy Boot Camp Link to Show Episode So on today’s show, I wanted to wind-up this series on “Solutions to the Career Transition” by talking about some things I have come across that will be helpful in your personal development. Understand the difference between the necessary and the important… * Very successful people say “no” a lot more than they say “yes” * Very successful people prioritize things that are necessary (essential to life or their purpose) and focus on those things.  Important things (relevant, but not essential) receive less attention.  This is key in avoiding distractions and maintaining your focus. To get a “return” on yourself, you have to “invest” in yourself…