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3112: The Worst Investment Advice I Ever Heard-Everywhere by Chris Mamula of Can I Retire Yet

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Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3112:

Chris Mamula reflects on the costly mistake of blindly trusting a financial advisor, a decision that led to years of excessive fees and missed investment growth. His story exposes how common and dangerous it is to rely on referrals for financial advice in a financially illiterate society, underscoring the life-changing power of self-education in investing.

Read along with the original article(s) here: https://www.caniretireyet.com/the-worst-investment-advice-i-ever-heard-everywhere

Quotes to ponder:

"We later learned we paid approximately eight times more in hidden fees than we thought we were by following his investment advice."

"The worst advice, which I read and hear frequently, is that you should find a good financial advisor by seeking the recommendation of someone you trust."

"There is no substitute to self education. Those unwilling to learn are destined to repeat these same mistakes."

Episode references:

The White Coat Investor: https://www.amazon.com/White-Coat-Investor-Financial-Doctors/dp/0991433106

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3926 episodes

Artwork
iconShare
 
Manage episode 477654327 series 2394769
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3112:

Chris Mamula reflects on the costly mistake of blindly trusting a financial advisor, a decision that led to years of excessive fees and missed investment growth. His story exposes how common and dangerous it is to rely on referrals for financial advice in a financially illiterate society, underscoring the life-changing power of self-education in investing.

Read along with the original article(s) here: https://www.caniretireyet.com/the-worst-investment-advice-i-ever-heard-everywhere

Quotes to ponder:

"We later learned we paid approximately eight times more in hidden fees than we thought we were by following his investment advice."

"The worst advice, which I read and hear frequently, is that you should find a good financial advisor by seeking the recommendation of someone you trust."

"There is no substitute to self education. Those unwilling to learn are destined to repeat these same mistakes."

Episode references:

The White Coat Investor: https://www.amazon.com/White-Coat-Investor-Financial-Doctors/dp/0991433106

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3926 episodes

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