Why you should tell your typical advisor to “Hit the road Jack” (Even if his name is Dave).

 

Now is an excellent opportunity to review how the conventional financial planning paradigm is fundamentally flawed, especially given the current environment when every other banner ad or advertisement on your Facebook page is from the financial planning sector.

As recently as early February 2023,
a large number of clients of traditional financial management organizations around the world were happy with their investment results, but now they are singing the blues and becoming very disappointed. When the entire market is rising, picking a winner on Wall Street is not tough, but now; hmm, not so much.

Here’s to hoping that most people (and especially you since you’ve taken the time to read this) are now willing to listen to, think about, and examine the drawbacks and fatal faults of conventional financial planning. Otherwise, a lot of people who invested their entire retirement and future expectations would once again have to face a painful wall. Thankfully, more and more financial experts are speaking up and being open about the deadly faults of the conventional approach to money management. Although some exaggeration is employed in the list that will follow, the logic is sound and 90% of the time hits the mark.

A word of caution: my criticism is directed at financial advisors who are not fiduciaries. They frequently lack a full license, are more salespeople than consultants, and are new to the industry. Be careful not to heed the counsel of a salesperson because they have the sale in mind. You should always insist that any financial planner be a fiduciary, which is why I advise utilizing them. Because they may cross-check one another, it is advantageous to have a team of individuals on your financial team rather than just one.

Here are some reasons why I think you should tell traditional financial advisors to beat it instead of me offering the traditional money management sector my hand in collaboration. Here is the list which I will expound upon in future posts.

YOU ARE NOT FIRST:

·         THEY CANNOT OFFER YOU THE BEST SOLUTIONS

·         THEY CANNOT OFFER YOU TAX ADVICE

·         They Are Trained To Keep Your Money At All Costs

I know that your eyes will surely be opened as I address these topics further, and you’ll never look at money, your money, in the same way again. I would encourage you to not miss what I have to say next and it’s easy to stay informed and learn the ways of the wise in how to KEEP MORE, MAKE MORE, LIVE MORE.  

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