You likely seek financial advice from lots of different sources. And some of those sources will certainly have good intentions, but they’ll often give bad financial advice.

Let’s look at some examples and explore the reasons why we have to be very careful from whom we’re taking this important guidance from. Even when the advice seems to be well-informed and logical, it doesn’t mean it’s going to be applicable to your plan.

Here’s some of what you’ll learn on this episode:

  • Your family might have plenty of guidance, but that doesn’t mean you have to follow. [1:00]
  • Your friends might not tell you about the losses as much as the successes. [3:30]
  • Why the advice CPAs gives you might not be as effective for investing. [5:36]
  • The experts in the media are there to entertain rather than inform. [8:12]


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