Is It Wrong To Ask a Financial Advisor’s Net Worth?
Ramsey Everyday Millionaires
Ramsey Network
4.6 • 3.6K Ratings
🗓️ 13 November 2023
⏱️ 5 minutes
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| 0:00.0 | This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions. |
| 0:11.0 | Com slash invest. |
| 0:22.0 | You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth, and outrageous generosity. Today's question comes from Charlie in Georgia. |
| 0:25.0 | I'm about to start interviewing financial advisors. |
| 0:28.0 | I'm trying to find someone that is not starting a career, but is my age or older. |
| 0:32.0 | Is it wrong to ask them their net worth? They will know |
| 0:35.4 | what mine is. Basically, I don't want a broke person managing my money. That's interesting. |
| 0:41.2 | I don't know that I've heard that one before. |
| 0:43.0 | Asking your financial advisor what their net worth is. |
| 0:46.0 | And clearly he's an older individual, we don't know how old, you know, it's all relative, |
| 0:51.0 | but he wants to work with someone who's kind of in the same life |
| 0:53.6 | stage i guess is as him versus a young buck |
| 0:56.3 | who's just getting started |
| 0:59.3 | well i don't know what my |
| 1:01.2 | smart best or pros net worth is i've never asked and I've never been |
| 1:04.3 | curious to be honest. It's not a bad question. It's a little awkward. |
| 1:12.0 | Trying to think |
| 1:19.1 | I guess I don't correlate their knowledge base with their income necessarily which you know correlates with their network. |
| 1:20.7 | Due to a degree it'd be nice to work with someone who has, you know, if they got $10 million, I want to know, |
| 1:25.4 | hey, what are you doing? |
| 1:26.6 | You know, there's a piece of that that's attractive. |
| 1:28.1 | Yeah, but, you know, if they've been doing it 20 years and they don't have any wealth then no I would |
... |
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