Skip to site content

Have you ever felt confused about what really goes on in the financial planning industry?

Many people take a do-it-yourself approach to managing their money. For some, this is simply a preference. But for others, it’s a direct result of confusion, mistrust, and bad information around the financial advice industry.

Traditionally, this profession has lacked transparency, and stories of bad experiences with salespeople disguised as “advisors” deters many people from even trying to seek out reliable, trustworthy financial planners. (And yes, they do exist.)

Wouldn’t it be nice to have a look behind the scenes and know what’s really going on? On today’s episode, we’re doing just that!

We’re digging in and shedding light on the things that you’ve always wanted to know about an industry that few truly understand. Get ready to pull back the curtain and understand what really goes on, what you need to know to identify the good and the bad in financial planning, and much more.

In This Episode, You’ll Learn:

  • How your financial advisor gets paid
  • Who the “unicorn” of the financial planning industry are
  • Why all financial planning business models have some conflict of interest
  • The difference between the fiduciary standard and suitability rule
  • Why performance is a fleeting concept and investing is not the solution
  • The top 4 credentials for financial professionals

Resources:

Enjoy the Show?

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:

  • Episodes of The Money Guy Show every Friday
  • Episodes of Making a Millionaire every other Monday
  • Mini-shows every Wednesday
  • Ask Money Guy Livestreams every Tuesday
  • Tons of other fun content!
Related Content

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills! Thumbnail

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...

Wealth Multiplier By Age Thumbnail

Free Resources

Wealth Multiplier By Age

If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.

Car Buying Checklist Thumbnail

Free Resources

Car Buying Checklist

Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...

Articles

The 5 Best Tools To Cover Life’s Greatest Financial Risks Thumbnail

Articles

The 5 Best Tools To Cover Life’s Greatest Financial Risks

Money is a ubiquitous stressor. 71% of Americans say that money is a significant cause of stress in their lives. Financial stress is frequently caused...

What Should I Count Towards My 25% Investing Rate? Thumbnail

Articles

What Should I Count Towards My 25% Investing Rate?

This highlight discusses what should count towards our 25% savings rule and the power of saving 25%. Your money has incredible value – use our...

When Does It Make Sense to Pause Investing? Thumbnail

Articles

When Does It Make Sense to Pause Investing?

The highlight discusses the financial complexities of maximizing employer benefits, emphasizing the importance of disciplined savings, especially for high-income earners, to secure a comfortable retirement...

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

Financial Order of Operations®: Maximize Your Army of Dollar Bills! Thumbnail

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...

Wealth Multiplier By Age Thumbnail

Free Resources

Wealth Multiplier By Age

If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.

Car Buying Checklist Thumbnail

Free Resources

Car Buying Checklist

Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

5 Tools To Prevent Financial Disaster Thumbnail

Episodes

5 Tools To Prevent Financial Disaster

80% of Americans have some level of financial anxiety, but we have some tools that can help you go against the grain. Discover what each...

Everyday Investors Are Beating Fund Managers (Copy Their Strategy) Thumbnail

Episodes

Everyday Investors Are Beating Fund Managers (Copy Their Strategy)

When is the right time to invest in the market? In this Live Q&A, we share the behavioral patterns behind investing, from loss aversion to...

He Saves Everything. She Wants to Enjoy Life. Who’s Right? Thumbnail

Episodes

He Saves Everything. She Wants to Enjoy Life. Who’s Right?

Money is nothing but a tool, good communication with spouses is key. This episode reveals how finding the right budgeting cadence and category structure for...