Your board of directors and CPA should know how to determine these things and read annual reports and advise you on their findings.

We have to be very careful in going to the new projects. Other-wise, we may have to land in troubles and all our existing resources and reserves also would be required to be lost.

Why should I take advice from some one who is poor and knows less than I do.

Most states require you to get a license but many don't. You can be a financial adviser tomorrow with no skill, knowledge or abilities. People should do the research their self and read books and publications and take charge of their finances verses some stranger that does not give two darns about you; they just want to make fees and commission.

You can learn the 101 basics of good money managment, how to save and invest (what mom and dad should have taught you but many don't). Than you give out advice for a fee. You can do that as a freelance or work for some bank or investment house, as a financial adviser. There are lots of them and many don't know squat. I would sooner take advice from some of them as I would the kid making my Starbucks.

Most of the basic info is available in books and even cable TV: Suzy Orman, Jim "mad money" Cramer, MSNBC business channel, Bloomberg, The Economist & Wall Street Journal. There are lots of good books on investing and building wealth. Bottom line is earning money the old fashinon way, work for it and save it. People want to do nothing and get a check and produce nothing. That is the problem with our economy, we don't make anything any more. Of course getting into a high paying profession through advanced education is a way to go.

Finance Manager is kind of a vauge job description and career. You are talking money for giving out advice on how to handle money, not only invest but plan for the future, college funds for kids, retirement. They usually work for some investment bank (Like the 4 that went out of business putting 1000's of financial advisers on the street).

Most financial advisers are sales man, like car sales man. They are trying to get you to buy something so they can make fee's and commission's. They often will point you to things that MAKE THEM MONEY, not you.

You can get you stock boraker licence. You have to take some classes and a test. There are different levels and its not too hard, but stock broakers are a dime a dozen. Again many are looking for work this week. Many individual's can buy stocks online. Of course the 401k plan at work is best for most. There they have managers that are suppose to know what they are doing run those accounts. It is putting trust in others however.

The BIG jobs on Wall Street go to guys and gals with MBA's from an Ivy league school. Plus some healthy nepotism and good old boy recommendations.

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So my advice to any one is STUDY READ and RESEARCH, you can do a better job investing money than some stranger that really just wants his fees and commission.
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If you don't have a intellectual curiosity about this stuff don't become and finances adviser. Also the idea is help others not yourself. Do us all a favor and don't tell others what to do with money if you don't have a clue or the proper attitude.

You'd also run the person's credit, if the sales manager hadn't. Then it would be up to you to decide if you could get the loan funded and with which lender. You'd then submit it for approval.

You'd also run the VIN of the trade in to see if there are any liens on it. Also a KSR to make sure the registration matches the car and is current and without any parking ticket liens. Once all that is done, you then prepare all the documents, including the contract and all disclosure statements as demanded by your state laws. Then you call the buyer in.

Now this is where you try to sell him/her on an extended warranty, LoJack, wheel insurance, etc to make a few more dollars in commission. And to keep your job secure since a dealer requires the Finance Manager to sell a certain amount of these each month.

Once this is done, you then print out the documents and "sign out" the buyer e.g. showing him/her where to sign and initial and explaining what he/she is signing or inititialing for. You'll put a copy of everything for the buyer into an envelope, shake the person's hand and congratulate him/her of their new purchase/lease.

A few dealers still want their F&I managers to sell insurance too. Such as Credit Life Insurance or even car insurance. But that's a rarity today since most states now require anyone selling insurance to have a certified state license to do it. Even at a dealership.

In your down time, you'll call the lenders and introduce yourself. Make friends with them because you'll then know who to send deals to, who's funding what. And you never know when you'll need a favor. Like get them to approve a borderline case. Or approve a customer on a lower APR so the payments will fit into their budget. It doesn't always happen but it never hurts to cultivate good relationships with them. Your might even have them drop by the dealership to meet you.

The final thing you do is reconcile every sale and transaction daily so the front office has all the paperwork it needs for bookkeeping. It can send the state and DMV all the necessary forms to complete the sale. And can pay off the lenders of the trades-ins that have liens on them.

It sounds like a lot of work. And it is. But its also one of the best jobs to have at a dealership. Once you get a routine down, your day goes by in a hurry. And paydays can be very lucrative! I wish you all the best.

It is a very good paying job, but with that comes alot of stress. You work alot of hours and you are expected to make the dealership alot of money. You have pressure from your managers to get people financed that have rotten credit, pressure to sell warranties,pressure to do your job fast and correct with no errors. You have to build relationships with banks to help you get your deals financed. That is one of the most important parts of the job! If banks don't like you you are doomed because they will never help you if they don't like you.

Above all, you have to be honest. The days of high pressure sales to the customer are over. You have to disclose all info to the customer and show them why the products you sell will help them.

In other words – if it isnt your job to know, he cant tell you.