As a first-generation American, Farouk
Niazy embodies the spirit of the successful and hardworking American immigrant. Farouk’s mother was an accountant, and ever
since he arrived in this country he has had to apply her financial knowledge to
his own life. Now retired, Mr. Niazy
spent his career in the engineering field, eventually moving into program
management, where he was involved in the financial aspects of engineering:
budgets, financial projections and the like.
Having already worked with several clients, Farouk has seen
his fair share of heartbreaking stories.
For instance, a young, single mother came to him with a vexing
situation: she was employed, but couldn’t afford daycare for her children. As a result, she was resorting to driving 30
miles in the morning to drop the kids off with her mother, then another 30
miles to her work place, and then the reverse route after her workday. All that
driving was costing her over $500 a month and severely straining her finances. Working together, Farouk helped her identify
the options at her disposal and create an action plan. They ended up deciding that the short-term
solution would be for her to move closer to her mother, and then to start saving
up for a more reliable and fuel-efficient vehicle.
For Farouk, the importance of the Financial Coaching Corps
comes down to this: “So many people just need someone to sit down with them and
talk through their financial issues, and the Corps is a way to do that for
free.” He concludes, “I’d love to see as
many families as possible participate in the Program.”
Learn more about Treasurer Raimondo's financial empowerment initiatives here:
Having already proved helpful with several customers, Farouk has seen his reasonable proportion of terrible experiences. For example, a young, single mom came to him with a vexing situation: she was employed, but could not manage childcare for her children. As a result, she was relying on generating 30 kilometers in the morning hours to fall the kids off with her mom, then another 30 kilometers to her place of work, and then the opposite path after her day. All that generating was charging her over $500 a month and seriously stressing her financial situation. Working together, Farouk assisted her recognize the options at her convenience and create an strategy. They finished up determining that the short-term solution would be for her to move nearer to her mom, and then to begin saving up for a more efficient and fuel-efficient vehicle.
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