Greek financial adviser encourages youth to join profession
WHEN you're a financial adviser in a family of business owners, dinner time conversation can prove quite interesting.
When your family is Greek, it's even more chaotic.
Rockhampton junior financial adviser Dimitri Kondilis, who is of Greek heritage, is one of a growing number of young Australians forging careers in finance.
The 24-year-old said he was attracted to the career because he came from a family of business owners and it also gave him the opportunity to help other people.
"I started at CQUniversity in a Bachelor of Business and financial planning was an elective in my course," Mr Kondilis said.
"I hadn't even considered being a financial adviser but when I started doing work experience with a few businesses around town I knew it was right for me.
"I'm from a family with a business background so I'm used to seeing what goes on behind the scenes and I also just feel the need to help people.
"When CQU introduced a financial planning course, I jumped at the chance and completed a business and financial planning degree over four years."
Mr Kondilis celebrates one year with local business Soundbridge Financial Services next week and has recently noticed more and more young people entering the profession.
"There weren't many young people in the course when I first started but financial planning has since been quite a hit with them," he said.
"The new generation needs someone to manage their wealth.
"Financial planning certainly opened my eyes to what options there are. If you set a good foundation now it will serve you well in the future."
With him at the helm, Mr Kondilis's Australian family have their finances well and truly sorted.
But sadly the situation isn't the same for his family and friends who own businesses in Greece.
Due to an ongoing financial crisis, Greece closed its banks for the week and imposed restrictions on withdrawals and transactions to keep its financial system from collapsing.
Mr Kondilis said while in the short-term the situation was dire, his family would remain unscathed in the long-term if tourism continued to boom.
"I am actively involved in Greece because it's basically a second home to me and any information I receive is from the horse's mouth," Mr Kondilis said.
"I still have family over there and they do see it tough.
"I know a number of young people over there that have engineering and IT degrees and they're working at the local bar because they can't find jobs.
"Greece is at a crossroads where the Euro wants them to stay in the Euro because if they leave other countries will follow suit and there will be a domino effect.
"There is talk that Greece wants to go back to the drachma, which is their old currency. I think there will be a bit of financial chaos short-term but in the long-term drachma will deflate prices and everything will be worth half of what it is now.
"As far as I can see going to the drachma will increase tourism because it will be a cheaper destination.
"My family is in business on the islands, not the mainland, and the islands are big for tourism.
"It will be good for us because there will be more tourists going there and long-term growth will be good for us.
"This debt problem has been going on for 30 years and 30 years ago tourists were still going there. No one really knows what is going to happen, we just have to wait."