4.2 • 680 Ratings
🗓️ 22 August 2018
⏱️ 38 minutes
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0:00.0 | Reality Radio for a really great future. |
0:07.8 | We're talking real money. |
0:10.7 | What's wrong with most of the investing advice you are getting today? |
0:16.5 | Almost everything. |
0:18.9 | There's a lot of self-interest. |
0:24.4 | Oh, self-interest. You you know that almost sounds kind gentle okay there's i mean there's a lot of just outright fibbing and lying going on |
0:31.7 | yeah there is yeah there's a lot of it i mean we're not going to name any names, but I know you talk to somebody in an investment business recently who pretty much lied about their commissions. I mean, yeah, I'd say anything. I mean, I think our friend Paul Merriman once said very elegantly, which is somebody called it with a half million dollar count. |
0:55.0 | And he said, there would be advisors that would crawl across cracked glass to get your account. |
1:02.4 | And that's true because they're that desperate for the money. |
1:06.4 | There's a lot of people in the business. |
1:08.1 | They make a lot of money on deals. |
1:10.4 | That's part of having a |
1:11.3 | transactional kind of person that works with you is they got to close you on something. |
1:16.4 | How many of you listening to us right now have a friend or family member who calls themselves |
1:24.4 | a financial advisor? I bet everybody everybody does somebody in the family at some |
1:30.6 | point somebody in the family couldn't find a real job and became a life insurance agent oh i |
1:36.3 | see okay financial advisor yeah i love that one yeah and then they sell annuities yeah that makes |
1:43.5 | you a financial advisor. |
1:47.5 | Anyway, let me give you a number. |
1:48.8 | Yeah. |
1:49.1 | It's a really important number. |
1:50.1 | I want to be one this time if that's okay. |
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