Steven Fox is the founder of Next Gen Financial Planning, a Registered Investment Advisor in the state of California providing comprehensive fee-only financial planning services for young professionals who want to learn how to use money as a tool to balance today’s pressing needs with tomorrow’s dreams. He is also an associate member of both the National Association of Personal Financial Advisors and the XY Planning Network and currently serves on the board of the San Diego chapter of the Financial Planning Association. Pro-bono efforts to give back include serving as Treasurer and other functions for the non-profit Financial Independence Training, which provides financial literacy training to active-duty military members.
Steven has earned the privilege of representing taxpayers before the Internal Revenue Service as an Enrolled Agent by passing a three-part comprehensive IRS test covering individual and business tax returns. He is also a candidate for CFP® certification, having completed the education and exam requirements.
Prior to starting Next Gen Financial Planning, Steven served over 8 years on active duty in the United States Marine Corps. After separating with an honourable discharge, he attended San Diego State University where he graduated with honours while earning a bachelors degree in financial services, a certificate in personal financial planning, and a minor in entrepreneurship. He has also held positions with several other financial planning firms.
Robs Key Challenges
- You’ve got to hustle, you’ve got to work hard. Don’t be afraid to put in the work
- Try and never be the smartest person in the room, surround yourself by people you can learn from.
- Web – http://www.NextGenFinancialPlanning.com
- Linkedin – https://www.linkedin.com/in/stevenfox3
- Twitter – https://twitter.com/nextgenfp
- I felt like I owed something back to society, that’s a big reason why I joined.
- I was able to provide a lot of help to people in very needing situations, it helped me grow up a lot.
- You never know where you’re going to be deployed, for how long or where.
- Even if I’d been promoted to higher ranks, I don’t think I would have liked it very much.
- Everybody’s pathway is different.
- I did not have a clear idea of what I wanted to do when I left the military
- What I did know was that I wanted to do something related to finance.
- It was about a year after I started University that I realised that I wanted to do financial planning.
- I had to develop connections because I didn’t know anybody and I was in a totally different field.
- The mindset I gained in the Army really had a positive impact on my career outside the military.
- Making a decision that is 70% correct and taking action on it is going to have a much bigger impact than waiting for the perfect opportunity.
- You have to iterate and change along the way as the situation changes.
- I find it really rewarding to help my clients uncover what their goals actually are.
- Every decision we make in life is to some degree a financial decision.
- [0:49] – Why the marines
- [4:53] – The beginning of a turning point
- [6:53] – My next career
- [9:40] – San Diego University.
- [12:17] – Roadblocks
- [14:17] – The 70% rule
- [15:50] – My financial planning business
- [25:08] – Was it worth it?
- [25:26] – The big things
- [28:05] – Guest links