371: 2 Actions of Wealthy Investors
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 31 January 2018
⏱️ 9 minutes
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Summary
Learn 2 things wealthy investors believe about working with financial advisors.
This comes from a Spectrem Group survey.
The survey graphics are posted on my website at http://lindapjones.com.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 371. If y'all know what I mean put your hands up and declare with me |
| 0:13.7 | yeah I'm full of faith I'm gonna live a good life I'm gonna live a good life |
| 0:21.1 | a few to be glorious like Step into a world of wealth of wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.3 | be wealthy and Smart. |
| 0:34.0 | And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. |
| 0:39.5 | I'm Linda P. Jones, America's Wealth Mentor, |
| 0:41.9 | Empowering women and men worldwide to |
| 0:44.2 | financial freedom. On today's show we're going to talk about the two reasons why |
| 0:49.6 | wealthy investors do not use a financial advisor and this was really |
| 0:54.8 | surprising to me because I always assumed that the financial advisor |
| 1:01.4 | distribution among wealthy to affluent to maybe mass affluent was |
| 1:09.9 | about the same I always thought you know once people are at a certain point |
| 1:14.6 | maybe a million dollars of assets plus it's you know probably about the same |
| 1:19.4 | percentage of people that are using an advisor but according to the spectrum group research |
| 1:26.4 | that's not the case and I want to share this information with you because I think it's |
| 1:31.5 | important to understand how wealthy people think and what they have to say about building wealth because we can always learn from people who have more money and people who definitely have an opinion about their money. |
| 1:48.0 | So this is really interesting because it does poll people that have ultra high net worth of 5 million to 25 million in |
| 1:56.2 | assets as well as millionaires 1 to 5 million in assets or net worth and also the mass affluent a hundred thousand to a million in |
| 2:06.0 | net worth and so they asked why don't you use a financial advisor? And over 60% of the ultra high net worth, those who have 5 million |
| 2:18.3 | to 25 million in net worth, said they believe they are better investors than a financial advisor |
| 2:25.0 | which again really caught me off guard I did not expect that I expected that like I said they would be as open to using a financial advisor as people |
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