When you go out to a restaurant, you are putting your health and well-being into the hands of the kitchen staff. You trust that your meal will be prepared using fresh ingredients, impeccable hygiene, and the correct procedures. Most of us never think about what might happen if the cooks get lazy and cut a few corners. As you can probably imagine, the results would be disastrous.
Financially, many people put their trust in brokers and professional advisers. In a very real sense, they are putting their future into the hands of these experts. But how many working Americans realize that, like some restaurants, some financial experts are actually poisoning their clients? Time and again, brokers and advisors dole out toxic financial advice that, at the very best, limits the return of their client’s money. At the very worst, this toxic advice destroys lives.
Even if they are very sincere, financial advisors cannot make you truly rich. The methods they use are not the ones used by the wealthy citizens of the world. After all, how many millionaires made their fortune investing in mutual funds? And although some brokers might genuinely want to see their client reach some level of success, the brokers themselves also have families to feed and most won’t hesitate to suggest investments and strategies that make their company a profit. They have a duty both to their clients and to their firm, which automatically puts any advice that they give under suspicion.
So how can you find solid advice in such a climate? Here’s a first step: only take advice from the people who have reached the level of success that you want to reach. If the individual is saddled with debt and barely making ends meet, then that person likely doesn’t have much financial advice to offer you. If you choose to work with a professional financial advisor or broker, why not ask to see a copy of their portfolio and some proof of their net worth during your first meeting with them? If the broker doesn’t feel comfortable sharing that kind of information with you, then all sorts of bells should go off in your head. You should react the same way that you would with a cook who doesn’t let you see what’s going on in the kitchen; you should probably seek advice elsewhere.
The Forever Cash lifestyle is based on reality and using the very same methods that have made people rich for centuries. Why haven’t you heard about these methods before today? Because there is a whole industry that depends on keeping you in the dark and on putting a percentage of every investment you make into their own coffers. Avoid the toxic financial advice that’s out there and only listen to those who can back up what they say.