2966: Why The Banks Are Out To Get You by Wanderer of Millennial Revolution on Index Fund Passive Investing

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 11 December 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2966: Wanderer from Millennial Revolution exposes the deceptive practices of financial institutions, highlighting their resistance to index funds due to the threat they pose to their fee-based business model. Learn why financial literacy is crucial to avoid falling victim to misleading advice and how to take control of your investments with low-cost, efficient options. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/why-the-banks-are-out-to-get-you/ Quotes to ponder: "Anyone can buy index funds. You don’t need to be licensed, and you don’t need anyone’s permission. All you need is a brokerage account." "The finance industry is here for one reason and one reason only: to take as much of your money as they can." "If your bank lies to you, leave! This is a great rule to follow in general: I refuse to do business with liars, and so should you." Episode references: Quit Like a Millionaire: https://www.amazon.com/Quit-Like-Millionaire-Radical-Wealth/dp/0525538690 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Turning an idea into a small business doesn't happen by accident. You need to be all in. At constant
0:05.9	contact, we have the digital marketing tools you need to get the word out, close the sale,
0:10.3	raise the funds and gather a community around this thing you've built. So let's do this together.
0:15.2	Let's send this, share this and shout this from the rooftops. Let's segment this, automate this,
0:20.3	and AI this for real results fast. Let's get out of this what we put rooftops. Let's segment this, automate this, and AI this for real results fast.
0:22.8	Let's get out of this what we put into this.
0:24.5	Let's build this. Let's grow this. Let's win this.
0:27.3	Get started today at constant contact.com.
0:30.8	Imagine being the first person to ever send a payment over the internet.
0:35.1	New things can be scary and crypto is no different. It's new, but like the
0:39.7	internet, it's also revolutionary. With Crackin, making your first crypto trade feels easy,
0:45.6	with 24-7 support when you need it. Go to crackin.com and see what crypto can be. Don't invest
0:51.9	unless you're prepared to lose all the money you invest. This is a high-risk
0:54.5	investment, and you should not expect to be protected if something goes wrong. This is Optimal Finance
1:00.5	Daily. Why the banks are out to get you by Wanderer of millennial-revolution.com. So over the break,
1:09.9	we opened up our email and saw this, quote, Hello and Happy New Year.
1:16.2	I'm very much enjoying your book, Quit Like a Millionaire, and have a question regarding Chapter 10,
1:21.4	specifically on the ability to purchase index funds without a fund manager.
1:26.4	Was this set up and purchase of the index fund referenced in
1:29.6	Chapter 10 conducted within or outside of Canada? That is under the How to Steal from Wall Street
1:36.0	section page 98 in my book. I am in Canada and have been informed by my financial institution
1:42.6	that I'm unable to purchase index funds
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.