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Optimal Finance Daily - Financial Independence and Money Advice

1888: Honey, I Fired the Wealth Manager by Barney of The Escape Artist on Taking Control of Your Own Investments

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 11 May 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

Barney of The Escape Artist talks about taking control of your own investments and the value of wealth managers Episode 1888: Honey, I Fired the Wealth Manager by Barney of The Escape Artist on Taking Control of Your Own Investments Barney Whiter writes about money and financial freedom at The Escape Artist. He has a degree in economics, is a qualified chartered accountant and had a 20 year career in corporate finance in London. Most recently, he is providing financial coaching to entrepreneurs, employees, and other people saving and investing towards financial freedom. The original post is located here: https://theescapeartist.me/2015/09/07/honey-i-fired-the-financial-adviser/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Optimal Finance Daily, Episode 1888.

0:04.0

Honey, I fired the wealth manager by Barney of the Escape Artist.me,

0:09.6

and I'm your host and personal finance enthusiast, Diana Mariam.

0:13.8

Now let's get right to it and continue optimizing your life.

0:21.6

Honey, I fired the wealth manager by Barney of the Escape Artist.me.

0:27.0

One of the great things about a blog is the comments, emails, and other feedback from readers.

0:34.4

Best of all are reader success stories, like the one I have for you today.

0:38.8

Like everything good, the rewards of blogging are not always obvious at first.

0:44.0

You share your insights and try to make the world a better place,

0:47.4

but it's not obvious that it's making any difference.

0:50.0

The world carries on, seemingly regardless.

0:53.3

But then I get feedback that makes me realize that people are actually putting the messages

0:57.6

of the Escape Artist into action. So I want to share with you an email I recently received

1:02.9

from a reader about how they fired their wealth manager.

1:06.8

Taking control of your own investments, including pensions,

1:10.7

is one of the single most important actions you can take on the path to financial independence.

1:16.1

The cost savings accumulate into hundreds of thousands of pounds over an investing lifetime.

1:22.6

But it's not just the cost savings that matters.

1:25.4

It's also the mindset.

1:27.1

The person who delegates looking after their money to others is often sub-consciously

1:32.3

of beating responsibility for their own future.

1:35.4

The irony is that most people think they're hiring a financial advisor or wealth manager

...

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