Today our hosts, best selling author Kim Butler and No B.S. money guy Todd Strobel continue to talk about lies and myths within the financial planning industry! They discuss the fallacy of the “average” rate of return, and explain why no one actually receives this amount. They also talk about the difference between savings, investments…and gambling. Tune in to find out how to take control of your money today!
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Links in this Episode:
00:38 More Financial Planning Myths & Lies
00:48 An Average Rate of Return Versus An Actual Return
04:12 Why You Should Never Store Wealth on the Stock Market
05:32 Why Do People Think Stocks are the Only Investment?
09:13 Why a Higher Rate of Risk Does Not Produce a Higher Rate of Return
11:06 What Else Can You Invest in Other Than Stocks?