Teach Clients How to Overcome Financial Regrets

Do you have any financial regrets? The National Foundation for Credit Counseling polled more than 2,200 consumers and found that overspending topped the list of financial regrets, followed by insufficiently preparing for retirement. Take our poll on Facebook and share your biggest financial regrets (it's okay to add "No regrets!" as an answer!). But there's a deeper meaning to this poll for accountants.

Here's an excellent opportunity to poll your clients about their own financial regrets, and use that as a stepping stone for providing services and advice. Whether it's an opportunity to help small businesses manage receivables, help consumers improve their credit rating, talk about loan options (or paying off loans), or any other financial advice, use this polling opportunity to see what keeps your clients up at night and try to find the solution to their problems.


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Caleb Newquist is the Editor-in-Chief of Sift Media US, overseeing content for both AccountingWEB and Going Concern.

Prior to this role, Caleb served as the editor of Going Concern since its founding in 2009. During his time as editor, Going Concern quickly became one of the most popular and talked about websites in the accounting profession. He has been named one of Accounting Today's Top 100 Most Influential People every year since 2011 and has been published on numerous websites, including Above the Law, Deadspin, Denver Business Journal, and the Huffington Post.

Caleb is an adjunct professor of journalism the Community College of Denver in Denver, Colorado, where he teaches Internet Media.

Prior to falling bass ackwards into the media business, Caleb spent over five years working in public accounting, with more than three of those years at KPMG. Caleb received a Master of Science in Accounting from Colorado State University and a Bachelor of Science in Business Administration from the University of Nebraska at Kearney.

Caleb spends a lot of time on a bicycle and reading, but never at the same time.

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