February 7, 2014 Admin | February 7, 2014 When learning about the world of money, where should you go? Who should you avoid? Why?
3 thoughts on “February 7, 2014”
You should go to people who are teachers and experts, John Bogal, Warren Buffet, Mike Finley, You should stay away from people who are salesmen who want you to believe they are teachers. The salesmen have a conflict of interest, if they help you make the best decision for your money then they will not be making the most money off of you. You need to know what you are doing to avoid those in the world of money who want you to believe they are all knowing like Jim Crammer and pretty much everyone on Fox, MSNBC the Wall-street Journal and the New York times who do not come from an educators background, which they never really have on because they are boring to most of the people watching.
Similar to what was already stated, if you want to get the most out of your money, you should not seek advice from an “expert” that being a salesperson, financial advisor, life insurance agent. However, we should not be accusing these people of thinking that these people are bad people. They are simply doing what they were trained and wanted to do after being educated at a college. These people are in fact very educated, doll to do their own job which does in fact give them a biased opinion when attempting to help others financially because, like anyone else, they need to make a paycheck. Instead seek out those who dont have their “hand in the same pot” as you. Read books and articles that are not trying to promote any one item, good, or service to you, but instead attempt to teach and educate you on the world of money. Some sources would include this website, Mike Finley, Warren Buffet, Eric Tyson and so on.
Well said you two. You clearly understand this point well. Let’s review the issue.
Finding the right sources when educating yourself on money is critical and not so easy. Here are the facts. Most people in the financial industry are selling something and that means what they say should be vetted by what you know and what you have learned previously on the issue. Here are a list of teachers that I have a great deal of trust in: Jane Bryant Quinn, Eric Tyson, Jonathon Clemens, John Bogle, William Bernstein, Daniel Solin, Burton Malkiel, and some guy by the name of Warren Buffett.
Gather your education from these people through the many books they have written. Many of their books are listed on this website under the recommended reading tab. Find your teachers!