Wealth Creation Fundamentals Part 1
You can look at putting money into the stock market as a means of creating wealth, however the stock market for most would be considered too high risk.
Therefore, most people do not put their money directly in the stock market.
Instead, they opt to seek the advice of a financial planner because financial planners historically earn large commissions on selling managed funds and super funds, they tend to get people to put their money into a managed fund.
Hence, most cautious people let someone else invest their money, which sounds logical in more ways than one.
They do not have to worry about the question, if you want to be financially independent, who is going to look after your money better, you or someone else.
Many of these financial planners are far from wealthy individuals themselves.
They are right down the corporate pay ladder, even in the banking institution structure, and they are often just selling products with little or no training in financial success.
Many are not successful investors so it is sort of like the blind leading the blind.
If they could help you to become financially independent and live your ideal lifestyle, then why are they not doing it themselves? What you want to look for in learning financial success is to learn from people who have produced real world results, not people who just have a license to advise on money, because anyone can get a license to advise on money without the need to even be an investor themselves.
The question that should be asked is, are they really money experts or simply glorified financial planners selling commissioned products? I think the only way to determine that is to see the results of the people that you are taking notice of.
The truth is in the results and unfortunately the majority of financial advisors are not millionaires, let alone financially independent or even affluent.
If you find an advisor that is, listen to them, otherwise do not blindly take advice from them or anyone.
This is why financial educators that are actually wealthy from investing are in such high demand as they can teach from real life experience, and their courses are swamped by people wanting to learn how to do it themselves as opposed to relying on financial planners for risky commission driven advice.
Be wary of some financial planners as many are not wealthy investors themselves and even journalists that write money type books or magazines that are not investors, as often all they can teach is theory.
If you are prepared to invest into your education, then select seminars and home study courses presented by people you feel you can learn from and simply ensure their courses offer a 100% money back guarantee.
That way, if it is not as good as promised, or just not suitable for you, then you can get your money back.
In other words risk free education.
Therefore, most people do not put their money directly in the stock market.
Instead, they opt to seek the advice of a financial planner because financial planners historically earn large commissions on selling managed funds and super funds, they tend to get people to put their money into a managed fund.
Hence, most cautious people let someone else invest their money, which sounds logical in more ways than one.
They do not have to worry about the question, if you want to be financially independent, who is going to look after your money better, you or someone else.
Many of these financial planners are far from wealthy individuals themselves.
They are right down the corporate pay ladder, even in the banking institution structure, and they are often just selling products with little or no training in financial success.
Many are not successful investors so it is sort of like the blind leading the blind.
If they could help you to become financially independent and live your ideal lifestyle, then why are they not doing it themselves? What you want to look for in learning financial success is to learn from people who have produced real world results, not people who just have a license to advise on money, because anyone can get a license to advise on money without the need to even be an investor themselves.
The question that should be asked is, are they really money experts or simply glorified financial planners selling commissioned products? I think the only way to determine that is to see the results of the people that you are taking notice of.
The truth is in the results and unfortunately the majority of financial advisors are not millionaires, let alone financially independent or even affluent.
If you find an advisor that is, listen to them, otherwise do not blindly take advice from them or anyone.
This is why financial educators that are actually wealthy from investing are in such high demand as they can teach from real life experience, and their courses are swamped by people wanting to learn how to do it themselves as opposed to relying on financial planners for risky commission driven advice.
Be wary of some financial planners as many are not wealthy investors themselves and even journalists that write money type books or magazines that are not investors, as often all they can teach is theory.
If you are prepared to invest into your education, then select seminars and home study courses presented by people you feel you can learn from and simply ensure their courses offer a 100% money back guarantee.
That way, if it is not as good as promised, or just not suitable for you, then you can get your money back.
In other words risk free education.
