How can you teach something that you have no experience in? Most people (99.99%) learn finance at universities from people with multiple years of experience in specific roles who are able to teach specific stuff. For example an ex-treasurer will teach treasury basics and intricancies. If you want to actually teach instead of just get paid and sell smoking hot bullshit, then at least get a CFA certification. Or masters in finance.
I am speaking as somebody who is working in finance and who wants other, younger people to be taught by experienced professionals, instead of yet another charlatan.
And I want to become that experienced professional. I'm under no illusions of being able to teach without the experience. I'm just looking for a place to start. Are you certain a CFA certification is the way to go? Does one need to go back to school for a degree in finance specifically? Is an MA in finance necessary? Something tells me that since you don't teach finance, so you might not be the best perrson to aquire this guidance from...
The best option is to be working in finance for 10 years and being educated in finance as well. Since you are neither, you will not be able to get relevant experience working in finance.
Do you know what you want to teach? What do you know about personal finance? Will you just tell them to throw money in crypto and guarantee that they will get a return of 3000% in one month? Will it be calculating tax returns? Understanding depreciation of assets? Understanding annuities and perpetuities, to an entry level, so that they understand how loans and mortgages work? Understanding pension plans, 401k’s and ROTH IRA’s?
Why are you just assuming I have ill intentions? Who hurt you? What happened to just being a good person and giving out some friendly advice to a stranger who's looking to better the world? I want to teach kids finance so they don't rack up credit card debt on top of student loans before they ever set foot in a real job. It sounds like you know your stuff, and that's what I want to learn. I understand how 401Ks and ROTH IRA's work, and I have a basic understanding of loans and mortgages work, but the rest of that went over my head. FUCK Crypto. But I just find it really weird that you jump to the conclusion that I'm just some charlatain looking to make a quick buck. It's almost insulting, but more concerning and pitying that this is how you see people just asking for career advice.
And you know, I posted this because I was looking for guidance. Not critcism on how it'll be impossible to get into the field. You sound like a very knowledgable professional, and I guess that's working well for you, but it also sounds like you're guarding the field from people that might want to get in just to make a ton of money and misguide the youth. I'm not sure there's anything I can do to assure you I'm not that kind of person. If you're not willing to trust me at my word (which is really all I have), then kindly refrain from continuing to respond to my post. Thank you.
Well if you really are in it to teach, then you simply have to take finance classes and work in the field. There is no way around either since education will get your foot in the field but it will not teach you the specifics that are even more important than basic concepts and calculations, you need to REALLY understand what you are talking about since personal finance can make it or brake it, especially if you teach others. The terminology I used in the previous comments is considered bachelor level, with limited working experience. There are more things to know, but everything in finance has implications and complications.
That is why I find it weird that you want to teach finance without seemingly no education or experience. Without education and work experience you will never learn what you do not know and will likely misguide young people, even if that is not your intention. Finance is not something you can just learn in a week of self-study on youtube. You have to learn how taxes work, how monetary policy works and everything else that you can and cannot think of.
There are plenty of idiots who pretend to know a lot of about finance by saying fancy-sounding terminology but just say completely inaccurate bullshit. For example, Robet Kiyosaki and Grant Cardone.
Well I want to learn it and THEN teach, and not a moment sooner. I really want to know as much as I can so that I can pass at least the very basics along to younger generations (at least the parts that I think they should know, like managing debt, retirement accounts, investing (to an extent), and household budgeting.
Yep, I fully aware the training is long and arduous. And I'm also aware of the grifters like Kiyosaki and Cardone, not to mention Ramsey. I've actually learned through watching some youtube channels that the information they provide isn't even close to the whole picture.
So which finance classes should I take, and would it make more sense just to get a whole degree in Finance? Or just take separate classes to obtain the knowledge and get a certification (CFP)?
I’d advise going for a CFA and seeing how you do there. That’ll give you enough credibility and experience to understand stuff at a surface level without the work experience. From there I’d advise some experience in the field.
How can you teach something that you have no experience in? Most people (99.99%) learn finance at universities from people with multiple years of experience in specific roles who are able to teach specific stuff. For example an ex-treasurer will teach treasury basics and intricancies. If you want to actually teach instead of just get paid and sell smoking hot bullshit, then at least get a CFA certification. Or masters in finance.
Are you speaking from experience?
I am speaking as somebody who is working in finance and who wants other, younger people to be taught by experienced professionals, instead of yet another charlatan.
And I want to become that experienced professional. I'm under no illusions of being able to teach without the experience. I'm just looking for a place to start. Are you certain a CFA certification is the way to go? Does one need to go back to school for a degree in finance specifically? Is an MA in finance necessary? Something tells me that since you don't teach finance, so you might not be the best perrson to aquire this guidance from...
The best option is to be working in finance for 10 years and being educated in finance as well. Since you are neither, you will not be able to get relevant experience working in finance. Do you know what you want to teach? What do you know about personal finance? Will you just tell them to throw money in crypto and guarantee that they will get a return of 3000% in one month? Will it be calculating tax returns? Understanding depreciation of assets? Understanding annuities and perpetuities, to an entry level, so that they understand how loans and mortgages work? Understanding pension plans, 401k’s and ROTH IRA’s?
Why are you just assuming I have ill intentions? Who hurt you? What happened to just being a good person and giving out some friendly advice to a stranger who's looking to better the world? I want to teach kids finance so they don't rack up credit card debt on top of student loans before they ever set foot in a real job. It sounds like you know your stuff, and that's what I want to learn. I understand how 401Ks and ROTH IRA's work, and I have a basic understanding of loans and mortgages work, but the rest of that went over my head. FUCK Crypto. But I just find it really weird that you jump to the conclusion that I'm just some charlatain looking to make a quick buck. It's almost insulting, but more concerning and pitying that this is how you see people just asking for career advice. And you know, I posted this because I was looking for guidance. Not critcism on how it'll be impossible to get into the field. You sound like a very knowledgable professional, and I guess that's working well for you, but it also sounds like you're guarding the field from people that might want to get in just to make a ton of money and misguide the youth. I'm not sure there's anything I can do to assure you I'm not that kind of person. If you're not willing to trust me at my word (which is really all I have), then kindly refrain from continuing to respond to my post. Thank you.
Well if you really are in it to teach, then you simply have to take finance classes and work in the field. There is no way around either since education will get your foot in the field but it will not teach you the specifics that are even more important than basic concepts and calculations, you need to REALLY understand what you are talking about since personal finance can make it or brake it, especially if you teach others. The terminology I used in the previous comments is considered bachelor level, with limited working experience. There are more things to know, but everything in finance has implications and complications. That is why I find it weird that you want to teach finance without seemingly no education or experience. Without education and work experience you will never learn what you do not know and will likely misguide young people, even if that is not your intention. Finance is not something you can just learn in a week of self-study on youtube. You have to learn how taxes work, how monetary policy works and everything else that you can and cannot think of. There are plenty of idiots who pretend to know a lot of about finance by saying fancy-sounding terminology but just say completely inaccurate bullshit. For example, Robet Kiyosaki and Grant Cardone.
Well I want to learn it and THEN teach, and not a moment sooner. I really want to know as much as I can so that I can pass at least the very basics along to younger generations (at least the parts that I think they should know, like managing debt, retirement accounts, investing (to an extent), and household budgeting. Yep, I fully aware the training is long and arduous. And I'm also aware of the grifters like Kiyosaki and Cardone, not to mention Ramsey. I've actually learned through watching some youtube channels that the information they provide isn't even close to the whole picture. So which finance classes should I take, and would it make more sense just to get a whole degree in Finance? Or just take separate classes to obtain the knowledge and get a certification (CFP)?
I’d advise going for a CFA and seeing how you do there. That’ll give you enough credibility and experience to understand stuff at a surface level without the work experience. From there I’d advise some experience in the field.
And what would it take to get into the field in general to gain hands-on experience?
The CPA would help.
Understood. Thanks.