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Why You Need To Fire Your Financial Advisor (And What To Do Instead)

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Manage episode 500253137 series 3555618
Content provided by minoritymindset. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by minoritymindset or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

“Half of financial advisors graduated at the bottom of their class. Let that sink in before you trust them with your money.”

Not all financial advisors are created equal and some are getting rich while you stay stuck. In this episode, Jaspreet breaks down the four types of advisors, how they actually get paid, and why most people are losing thousands without even realizing it. Whether you work with an advisor or do it yourself, you’ll learn how to protect your money and build a smarter plan.

What You’ll Learn:

  • The difference between fee-only, commission-based, and performance-based advisors

  • Why a 1% fee can cost you hundreds of thousands over time

  • The one question you must ask your financial advisor

  • When it’s smarter to DIY your investing (and when it’s not)

  • How to use a hybrid strategy like Jaspreet’s to grow wealth

  • What fiduciary really means and why it’s non-negotiable

If you don’t understand how your advisor makes money, they’re probably making it off you.

Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market

Below are my recommended tools!

Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast).

----------

➤ Invest In Stocks Passively

1) M1 Finance - Buy stocks & ETFs automatically:

https://theminoritymindset.com/m1

----------

➤ Life Insurance

2) Policygenius - Get a free life insurance quote:

https://theminoritymindset.com/policygenius

----------

➤ Real Estate Investing Online

3) Fundrise - Invest in real estate with as little as $10!

https://theminoritymindset.com/fundrise

----------

  continue reading

102 episodes

Artwork
iconShare
 
Manage episode 500253137 series 3555618
Content provided by minoritymindset. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by minoritymindset or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

“Half of financial advisors graduated at the bottom of their class. Let that sink in before you trust them with your money.”

Not all financial advisors are created equal and some are getting rich while you stay stuck. In this episode, Jaspreet breaks down the four types of advisors, how they actually get paid, and why most people are losing thousands without even realizing it. Whether you work with an advisor or do it yourself, you’ll learn how to protect your money and build a smarter plan.

What You’ll Learn:

  • The difference between fee-only, commission-based, and performance-based advisors

  • Why a 1% fee can cost you hundreds of thousands over time

  • The one question you must ask your financial advisor

  • When it’s smarter to DIY your investing (and when it’s not)

  • How to use a hybrid strategy like Jaspreet’s to grow wealth

  • What fiduciary really means and why it’s non-negotiable

If you don’t understand how your advisor makes money, they’re probably making it off you.

Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market

Below are my recommended tools!

Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast).

----------

➤ Invest In Stocks Passively

1) M1 Finance - Buy stocks & ETFs automatically:

https://theminoritymindset.com/m1

----------

➤ Life Insurance

2) Policygenius - Get a free life insurance quote:

https://theminoritymindset.com/policygenius

----------

➤ Real Estate Investing Online

3) Fundrise - Invest in real estate with as little as $10!

https://theminoritymindset.com/fundrise

----------

  continue reading

102 episodes

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