This is optimal Finance Daily, episode 1072, the perfect storm, demonstrating conflicts of interest with investment advice, part one by Chris Mamula of Can I Retire Yet.com.

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For now, let's get right to it

as we continue optimizing your life. The Perfect Storm, Demonstrating Conflicts of Interest with Investment part one, by Chris Mamula of Can I Retire Yet.com.

I began writing about personal finance to create a positive outlet for the anger, regret, and pain I experienced because of investing

mistakes I had made as a young professional.

I became a consumer advocate to help others avoid repeating my mistakes.

My mistakes were the result of blindly following the advice

of a financial advisor without performing due diligence. I later discovered this

advice led me to pay thousands of dollars in unnecessary fees and taxes every year.

Compound the effects of these mistakes over decades,

and this was literally a million dollar mistake.

I don't suggest that all financial advisors are bad people

or that you should not seek professional financial advice,

but I strongly recommend that you understand that financial advice comes with inherent conflicts of interest.

As a consumer, you must understand what these conflicts are so you can make good decisions and protect your interests.

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