Financial Advice 101 Tutorial Guide

Traditional financial advice isn't wrong - it is just a dangerous half-truth. Discover what you've been missing...

The sad reality is most investment brokers, financial planners, financial advisers, and financial consultants are euphemisms for the word "salesperson".

They present themselves as a fiduciary representing only your best interests, but most are paid to sell you investment products and services. This can cause a conflict of interest that biases the financial advice you receive.

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How can you get reliable financial advice without having to become a financial expert yourself? The articles below can help...

The unfortunate reality is no advisor is going to put a higher priority on growing your money than his own. This is not a conspiracy theory and it doesn't make advisers bad people - it is just business reality.

You must understand the conflicts of interest and inherent problems with financial advice so you can maximize your investment returns and retire with security and peace of mind.

There is no such thing as free financial advice. One way or another you will pay the price. It is just a question of what price you choose to pay.

I hope these articles help you make smart financial decisions.

Below you’ll find a listing of our most recent articles about Financial Advice providing you with additional strategies and information when you are ready to take the next step...

FM 021: Money and Relationships with Farnoosh Torabi

Money and relationships with Farnoosh Torabi

Your spouse can make or break you financially. That’s no surprise, given how money is one of the leading causes of divorce. But there is much more to the relationship and money question than just divorce or marital bliss. In this episode of the Financial Mentor podcast Farnoosh Torabi and I take taboo subjects and gender biases head-on so you can avoid the landmines hiding under the financial side of your relationship…

7 Key Reasons Why Financial Education Is Your Best Investment

Your best investment is in yourself. Discover 7 reasons why financial education pays you dividends for life and provides the highest return you'll get...

Amazingly, the single biggest skill that can make or break your financial success is not taught in school. You can graduate with a four year degree and learn nothing about personal finance or investing. Financial education is one of the great bargains in life: it costs little, risks nothing, and returns huge rewards. It is the best investment you can make. Discover how here…

How To Get Out Of Debt – The Complete Guide

Getting out of debt starts with taking responsibility and ownership of the situation you're in.

Are you ready to get out of debt once and for all? If you want a permanent debt solution then I have shocking news for you – debt is not a financial problem. Hard to believe, but true. Debt is actually a personal problem that masquerades in financial clothing to deceive you. That is why so many people have persistent problems with debt. Here is the simple solution to permanently solve all your debt problems…

Pay Off Mortgage Early Or Invest- The Complete Guide

Wrestling between paying off your mortgage early or investing? This guide will help.

Should I pay off my mortgage early or invest? You will inevitably confront this question in your pursuit of financial security. The problem is the answer is far more complex and confusing than generally understood. Here is your definitive guide to simplifying the complex so you can make a smart decision…

Get Out Of Debt Now! The Complete Guide

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Believe it or not, the rules on debt and credit are brain-dead simple. Yet, it has become the biggest personal finance problem for most people. How can something so simple create so much difficulty? In this article I explain the deceptive nature of debt problems, the simple rules to keep you out of trouble, and the best solution if you already have debt or credit problems…

Pay Off Debt Or Build Wealth? What To Do First…

Should you pay off debt or build wealth?

Patty inquired… “I am aching to be free of my debt, and at the same time, I’ve been struggling to put 10% of my monthly income towards savings, and another 10% towards my IRA. Which should I do first? How should I prioritize? Find the answers here…

Can I Actively Trade My Way Out Of This Economic Mess?

Can I Actively Trade My Way Out Of This Economic Mess?

A reader asks, “…I’m an architect suffering under this dreadful economy like so many of us are, and I need to do something to help carry me through… What I’d like to do is use a portion of my IRA funds to educate myself further in the investment arena, pay back the loan, and use the remainder of the IRA to actively invest for income and growth. In other words, keep a portion of the earnings to supplement my income and reinvest the rest for growth. Does that sound like a reasonable idea?” My short answer is…

Should I Buy Insurance From A Commission Salesperson?

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The question of the week comes from a reader who asks, “Do you think the only kind of advisor one should hire is a fee based one? I was told by a commission person that when they have a client buy an insurance policy they HAVE to take a commission. Is this true?” To answer that question we must expand the discussion to make some important distinctions that will allow you to make smarter investment decisions…

What Causes Inflation And Why Should You Care?

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For the first 400 years of our economic history inflation was benign at under one percent and then suddenly in the last 100 years it jumped dramatically. What caused the sudden and abrupt change in inflation? Simple – the Federal Reserve bank was established. Why should you care? Again simple, because inflation changes everything…