Transition from a financial coach to a financial planner who serves underserved communities with Phuong Luong

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Transition from a financial coach to a financial planner who serves underserved communities with Phuong Luong

As we speak’s visitor brings a really totally different perspective to the present, not solely due to the shoppers he works with and the way he runs his follow, but in addition due to his uncommon journey into the sphere. After transferring from working as a math instructor to providing monetary teaching and consulting to monetary planning, Phuong Luong based Simply Wealth, a digital, paid, one-hour monetary planning follow targeted on working with youthful shoppers who’re nonetheless within the wealthy world. stage of constructing their careers. Phuong, who has labored extensively with low-income people and other people of coloration, has seen first-hand the racial and socio-economic issues that have an effect on their capacity to construct wealth.

On this episode, he shares how stereotypes about race and low-income people can grow to be obstacles to offering efficient recommendation and serving to them obtain their monetary objectives. Take heed to learn how many monetary folks folks face coloration The face will be traced again to previous institutional and authorities insurance policies, the way it could restrict the impression of monetary planning on minority communities and the way we can assist.

Efficiency notes and extra info will be discovered at: https://www.kitces.com/97

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