Jim Ludwick was born in Hollywood. Actually, his parents lived in Hollywood. He was born in Santa Monica, California just after WWII. Jim grew up in Redondo Beach and then Canoga Park, California where he graduated from high school and went to California Polytechnic University for one year and then joined the Air Force serving in public affairs, broadcasting and finally as a Medical Service Corps officer in hospital administration.
He retired after 21 years active duty to Santa Barbara, California where he worked as an assistant hospital administrator, commercial real estate broker, life insurance agent, vice president in two bank trust departments, and as a regional vice president for a large investment management firm before starting his own hourly fee-only financial planning firm in suburban Maryland in 2002. He graduated from the University of Arizona with a degree in public administration followed by a master’s degree in Management from Troy State University and a Masters of Hospital Administration degree from the University of Minnesota.
He became a Certified Financial Planner Practitioner™ in 2000 having demonstrated more than three years’ experience in the personal finance industry. Jim sold his financial planning firm in 2014 but remained as founder and key employee until the end of 2021.
He now coaches people who “are on the fence” and have a hard time making financial decisions with 30 minute consultations. Jim listens first about their situation and experiences, then talks them through their thought processes. He no longer gives regulated financial advice and refers those needs to fee-only financial advisors. Many of those advisors send clients to Jim to help them make decisions and deal with roadblocks to financial success These roadblocks or diversions are sometimes known as excuses.
Jim is married (47 years) to retired nurse Carol Ann McGuire Ludwick and they have two sons, both married, and six grandchildren. Jim is almost retired from MainStreet Financial Planning, Inc. which he founded.