Trent Larsen, CFP®
Certified Financial Planner
Trent Larsen is a Certified Financial Planner™ (CFP®) for Insight Wealth Strategies in the Bay Area, California. With over five years of experience, Trent specializes in financial planning and wealth management as well as personalized retirement, tax, and investment planning. Trent holds a BS in Economics from California State University, Chico. He has successfully passed his Series 7 and 66 registrations and holds his CA Life and Health Insurance license and CFP® certification.
wikiHow's Editorial Process wikiHow partners with over 1000+ experts from a wide range of fields to ensure our content is accurate and based on well-established research and testimony. Content Managers conduct interviews and work closely with each expert to review information, answer reader questions, and add credible advice. Learn more about our editorial process and why millions of readers trust wikiHow.
Q&A Comments (27)
What is compound interest?
With compound interest, each year you're going to be building on top of the growth from the previous year. The more years you have to compound that interest or that growth, the larger your account's going to be long term.
How can I create a strong budget?
It's really important not to live beyond your means. In certain cities, rent numbers are high and you might have a lot more expenses than somebody in the suburbs, so you have to understand what you're spending your money on, and try to avoid racking up credit card debt.
How do I set financial goals?
Start with baby steps. If you have a goal of saving $1000 a month, you'll probably get overwhelmed. Instead, start with saving $5 or $10 a month at first, until you get used to that.
