The Road To Financial Freedom

On this episode of Across the Board, Kelsie, Juliet, Armani, and Marjan welcome Frank B. Simpson Jr., a financial advisor, to speak about all things personal finance. He explains what makes a great financial advisor and how asking the right questions will help find the right advisor for you. Investing how-to’s and powerful insights on retirement are discussed, as well as taxes. How much money is enough for retirement? How do I make sure my money is passed down properly after I die? Tune in to find out!

Frank also shares his top money saving strategies and tips for building good credit, including utilizing secured credit cards and personal financial statements. He touches on the topic of budgeting and shares his candid opinion on budgeting apps. Then, he shares how he makes sure his clients are achieving their goals and explains the importance of having multiple streams of income. 

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About Frank B. Simpson Jr., MBA:

As a Financial Advisor, I focus on connecting all aspects of clients’ financial decision making to help them prioritize and pursue the goals that matter most to them. I work with business owners, not-for-profit organizations, high-net-worth individuals, and families to understand their financial situation, help them articulate their short- and long-term goals, and then I recommend a financial strategy aligned with what they want to achieve. Just as a physician should not prescribe medication without completely identifying a patient’s symptoms and experiences, I commit my efforts to deeply understanding each client’s financial past and present priorities before I begin to craft their solutions.

I hold a Masters of Business Administration degree, concentrating in Finance, from the University of Delaware's Alfred Lerner College of Business and Economics. I have had the privilege of working with several fortune 50 companies. These experiences gave me a first-person view into and allowed me to participate in, the operation and business considerations that contribute to some of the more successful businesses in the world. In my free time, I enjoy following sports, traveling, and spending time with my family.

Frank B. Simpson Jr., MBA

Senior Private Wealth Advisor

The Simpson Firm

T: 301.539.9331

E: frank.b.simpson@thesimfirm.com

w: https://www.thesimfirm.com

Chapters

• 0:31 Introductions
• 1:14 How Frank got started with financial advising
• 3:34 Key attributes to look for in a financial advisor + How to select the right one
• 8:50 Money saving strategies
• 13:59 Investing: short-term or long-term?
• 16:39 Retirement
• 20:21 Tax wise, which is better: Long-term investment or IRA?
• 21:20 How much money is enough for retirement?
• 24:19 Securing your money to pass onto your family after you pass
• 27:54 Credit vs cash + tips for building good credit
• 36:04 Managing your cash flow with personal financial statements
• 38:09 Budgeting apps
• 40:12 How do you make sure your clients are achieving their goals?
• 42:25 Frank’s final piece of advice
• 44:57 Outro