When I was 16 years old my dad took me to meet a financial advisor for the first time – and I discovered that investing was magic. I had saved up what I considered a "bunch" of money from my landscaping business. I recall sitting across from the advisor when he told me that for every $666 I invested I would get $1000 back in four years. (Keep in mind this was the 80's and interest rates were around 12%.) I couldn't believe what I was hearing. I said, “You mean I don't have to cut lawns or do any work? They just give me back another $334?”
“Yes, that’s how it works.”
“I'll take four of those!” I said. And that was my first official foray into investing. I ultimately kept that money locked away until I graduated college. And I’ll never forget that moment of realization that my money could make money – with virtually no effort on my part!
This passion for smart money strategies – and for helping people – has informed my career as a financial advisor. Growing up lower middle class in a family which had no money for extras, I learned early on to be frugal and motivated. I started my first business at age 10, paid my own way through college, and worked in the investment side of money management until I decided that getting my CFP would provide knowledge that really has the power to help people. I wanted to help people accomplish what they want to in life.
My experience with chiropractors has only increased my respect for the profession. I admire this healing profession and see its value both personally and society-wide. Especially given today’s opioid crisis, chiropractors are even more necessary as an alternative to drugs and unnecessary surgery. Chiropractors can help solve our overmedicated society, bring health care costs down, and give people better quality of life.
My wife Teresa saw a wonderful chiropractor throughout her pregnancy. One day 3-4 months into the pregnancy, Teresa could barely breathe or get out of bed due to extreme mid-back pain. Her chiropractor, who specializes in pregnant women, got us in right away. She looked at Teresa for about 20 seconds and said, “I know what the issue is. Going to be painful to fix it, is that ok? A rib is out of place.” She did an adjustment, popped it back in, and Teresa felt immediate relief. This experience was a world away from going to the ER, where we would have likely been subjected to X-rays and more invasive procedures.
My respect for chiropractors and experience in helping small businesses thrive has led me to seek out ways to help chiros engage in smart financial planning strategies.
Let’s face it: most chiropractic practices are small businesses run by people who aren’t necessarily passionate about small business. Understandably, their focus is on a very specialized skill set that may not include running cash flow analyses or managing employees. This too often leads to struggling practices dealing with cash flow crises or older DC's with insufficient funds to retire. I am committed to help those in the healing arts understand how to best handle the financial side of their practice – so they can devote more energy to what they do best. Help people.
- Todd Calamita, CFP®, Founder