Last week, I helped a young man working to acquire his Eagle Scout status by mentoring him through the “Personal Financial Management Merit Badge Workbook”, which is just one part of many steps to which a Boy Scout has to complete in order to obtain his Eagle Scout recognition. Through this mentoring process I helped explain the natures of creating a spending plan budget, saving, investing for the future, the time value of money, compound and simple interest, stocks, bonds, mutual funds, exchange traded funds, life insurance, CDs, bank loans, business loans, mortgages, understanding the annual percentage rate (APR), credit cards, debit cards, elimination of debt, financial goal setting, and most of all financial prudence through personal responsibility.
Andy graduated from the University of Alabama-Birmingham with a B.S. degree in Accounting. He is a Registered Investment Advisor Representative of Money Management Services, Inc and holds the designations of CPA (Certified Public Accountant), AIF® (Accredited Investment Fiduciary), CTS™ (Certified Tax Specialist), and WMS (Wealth Management Specialist). As an advisor, Andrew specializes in comprehensive financial planning, estate tax planning, personal taxation planning, retirement income distribution planning, wealth accumulation, personalized portfolio management, and fiduciary investment management services.