Apathy: indifference, lack of interest or concern
Complacent: satisfied with how things are and not wanting to change them
Bias: a prejudice for or against something (or someone)
Backfire Effect: a mental “bias” when your deepest convictions are challenged by contradictory evidence, you reject the evidence, and your beliefs get stronger
Are you to apathetic about your personal finances? Do you have a real lack of interest in your financial success?
Are you complacent about your personal finances? Are you satisfied with financial mediocrity?
Do you have any mental biases about money or personal finance? Are you favoring one financial investment over another based on inaccurate information? Are you favoring one financial person over another based on inaccurate information? When someone challenges your financial convictions is it easier for you to just ignore the facts, and just keep on believing what you have always believed?
These mental hiccups in personal finance may be costing you thousands of dollars.
There are many money truths. And there are many money lies.
I give it my all to only tell money truths, and expose the money lies.
If I were to expose to you a money lie… Would it easier for you to just ignore the facts, and just keep on believing what you have always believed?
There is a TON of inaccurate financial advice in the world today. A few of us are aware of this, but MOST are not. Some of the money lies that are told come from crooks. Financial crooks who knowingly want to rip you off. But most of the money lies are perpetrated by people that you like, know, and/or trust. Many of these unaware “money lie tellers” (whether they are Financial Advisors, or radio show hosts, or book authors, or financial journalists) are not even aware they are telling you money lies.
To say it another way, many “money lie tellers” don’t really intend to do you financial harm. They are just ignorant about many of the “money truths” thus they are unaware they could be doing you real financial harm.
Let me ask you this. If you are on the “rear end” of a money lie and it costs you hundreds or even thousands of dollars, or if a money lie negatively affects a you or a family member… Do you really care whether or not that the person intentionally wanted to harm you or if they just did out of money ignorance? NO!
Ignorance about money truths is NOT an excuse when it comes to dishing out financial advice that could harm someone. Don’t let yourself be misled or lied to any longer by someone acting out ignorance or by someone who intends to scam you.
I could give you a long, long list of the money lies right now that are told every week on 2 of the most popular financial radio shows in the country.
I could give you a long, long list of the money lies that are told in the majority of the “free dinner” financial workshops/seminars hosted by so-called Financial Advisors.
I could give you a long, long list of the money lies that are told every day by the financial media.
Did you know that many Financial Advisors don’t have any educational background in finance? Nor do they hold any of the top financial credentials. Did you know that many of the top financial journalists or top financial radio show hosts have never held any top financial credentials, and many are considered ignorant kooks by most of the top financial minds?
Just because someone has a title like Financial Advisor, hosts a radio show, writes an article, or publishes a book does NOT mean they cannot be ignorant about many areas of personal finance! Too many money lies are told every day, and too many of you believe them.
I have a BBA in finance, a MBA in accounting, an international accounting certification, insurance and estate planning designation, and also the top credential of Certified Financial Planner. I have been a student of my profession almost every day since 2001. Not because I always enjoy it or because I am math or money nerd BUT because that is what it takes to learn the money trusts and avoid ever telling a money lie.
You want to know how to avoid falling for money lies? Get your financial information from real financial experts.
A financial expert is more than just a title, an author of a book, or host of a radio or TV show.
If you keep looking towards those who are not truly financial experts you will likely come up short in your financial life. You may not realize it until it’s too late, but you will come up short.