The economic regime changed at the end of 2021. What worked for investment strategy and risk management won’t work during this new epoch. Discover what Todd means be epochal change and how you can profit from the new economic environment for the next decade to come.
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.
How can you get reliable financial advice without having to become a financial expert yourself? The articles below can help...
- How to Get the Right Financial Advice for The Right Price: Learn more about the business reality of financial advice and how compensation biases the financial advice you receive.
- Financial Advice vs. Financial Coaching: Which is Best For You?: Discover the inherent limitations built into the financial advice business model and consider how financial coaching might provide a useful alternative for you.
- 6 Reasons Why It Pays To Be Your Own Financial Expert: Reveals the conflicts of interest hiding behind most financial advice so that you can make smarter, more profitable investment decisions.
- Five Hot Stocks That Could Double This Year And Other Useless Financial Advice: Most of what passes for financial advice is actually useless forecasting. Learn how to tell the difference so that you can stop wasting time on valueless information and focus on what makes money.
- Can You Trust Your Financial Advice? Take This Test...: Find out if the financial advice you receive passes this "gold-standard" test by learning 12 essential questions that can separate good investment advice from bad.
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...
How To Determine Your Legacy In Life… Before Your Death
What issues will your family confront after your death, and how will it shape their opinion of your life? Discover the dire consequences of not setting up a proper estate plan so you can take the simple steps to putting your affairs in order now. You’ll learn how to create a legacy that benefits you today… and your family into the future.
The Ten Commandments Of Wealth Building
Building true wealth takes a lot more than simply amassing a certain amount of money. There are ten key wealth building principles that lead to true wealth, not just monetary wealth. The objective is not just to become rich, but to build a balanced, fulfilling, wealthy life. Following these ten success principles will put you on the path to true wealth — because life is too short to settle for anything less…
Are Safe Withdrawal Rates Really Safe?
Retirement income planning is inherently problematic because you’re trying to convert a volatile pool of assets into a stable, reliable income stream that you’ll never outlive. How do you do that? In this article I deep-dive into the history of safe withdrawal rate research and the resulting 4% Rule – warts, blemishes, and all. I reveal what is true and false about conventional wisdom. This knowledge is inextricably intertwined with proper investment strategy making it essential to your financial security…
7 Key Reasons Why Financial Education Is Your Best Investment
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…
10 Commandments of Investment Strategy
Nothing is more financially dangerous than a million dollar investment portfolio managed with a thousand dollars worth of financial intelligence. The truth is your investment skills and knowledge will be reflected in your investment results. Use these 10 critical commandments to improve your investment performance so that you can enjoy greater investment confidence and financial security as a result…
Retirement Planning Checklist
Retirement planning doesn’t have to be complicated. You don’t need a degree in finance and you don’t have to read a bunch of books to understand the important action steps. For the bulk of your working years, there are just a few important and very simple actions that need to be done right. The rest can be figured out in the years immediately preceding the day you retire. That is why I created this retirement planning checklist: to demystify the vagueness around retirement planning, simplify the process where appropriate, and provide a step-by-step guide so that you can do those few important things right at each stage of your life. Use this retirement planning checklist as a handy reference guide…
FM 019: Expected Value Formula – The Missing Key To Building Wealth with Billy Murphy
Wealth is math. That’s bad news for math phobics, but it’s great news for the rest of us because it means there are rules and science behind how wealth building works. The process isn’t random luck. In Episode 19 of the Financial Mentor podcast we’ll explore the most essential math principle to wealth building – the expected value formula – so that you know how to put it to work in your wealth plans starting today…
FM 016: How To Choose A Financial Advisor with Michael Kitces
It’s hard to know how to choose a financial advisor. There is so much value at stake; yet, how can you tell the experts from the charlatans? Who can you trust? How do you really know? In this latest episode of the Financial Mentor Podcast I’ll give you a step-by-step due diligence checklist for how to choose a financial advisor that perfectly fits your needs. You’ll discover how to sort through the maze of confusion so that you can get the expert help you need to reach your financial goals – without getting ripped off…
FM 013: Simple Financial Planning – The Only 6 Ideas You Need To Know With Philip Taylor
As I sat with 3,000 fellow entrepreneurs waiting for the next speaker to enter the stage, the beauty of Portland’s antique theater overwhelmed me. Wrought iron railings, ornate tapestries, brass fixtures, and gold inset wood designs set the mood for Tess Vigelund from NPR’s “MarketPlace Money” (9 million weekly listeners) to take the stage. After thunderous applause, she stunned me with her bold statement.
Everything you need to know about financial planning is just 6 stories, and everything else written on the subject merely rehashes those core 6 stories over and over again to make them look different. Could it be true? Was financial planning really that simple? Just 6 core ideas? I was intrigued…
