Originally Posted by
DryClutch
So i'm probably missing something here, but this little program eventually gets you $1,000 if you jump through all these silly little hoops? CBT's, phone counseling session, etc. Or is it some way to try to rope you into doing long term business with Fidelity? I guess I shouldn't be turning my nose up at $1,000, but when I think of "emergency savings", it's sure a hell of a lot more than $1,000.
This program is not really designed for high net worth/high income people like most pilots (although there are definitely broke pilots out there). The program is more built towards lower income people with little to no savings and gives some basic financial literacy lessons. I have no doubt that there are a lot of people employed at Delta across different divisions who could really benefit from this program. Having said that, it's a pretty low effort way to make a grand. It's about the equivalent of 5:30 of my flight pay rate, and it's way easier than commuting in/out and flying a one-day trip.
Also, after the first one-on-one they will try to set you up with a phone meeting with a Fidelity advisor in your area. I just let them schedule it and you get a confirmation email where I just canceled it with zero hassle. No interaction with Fidelity past that unless you specifically want more coaching/advising.