DOUGH: Is Hiring a Financial Planner a Waste of Money?

April 06, 2023 00:49:20
DOUGH: Is Hiring a Financial Planner a Waste of Money?
Abrahams Wallet
DOUGH: Is Hiring a Financial Planner a Waste of Money?

Apr 06 2023 | 00:49:20

/

Hosted By

Steven Manuel Mark Parrett

Show Notes

Mark Parrett and Steven Manuel sit down to answer an age-old question: Would I Be Burning Money to Hire a Financial Planner? What do all those letters after their names mean? What do they do that I couldn't do for myself? Are they jacking up the prices of my investments to put money in their own pockets? And how might I find out?? They discuss all this and are up front about the fact that NOT EVERYBODY NEEDS A FINANCIAL PLANNER and some tips and watch-outs in this fraught arena. Have questions about anything... email us!

Abraham's Wallet exists to inspire and equip Biblical family leaders. Please partner with us in inspiring and equipping multi-gen families at https://abrahamswallet.com/donate/

Resources mentioned in this episode:

AW episode: board of directors: https://abrahamswallet.com/podcast/you-need-a-board-of-directors/

AW article, “When I Was A Millionaire”: https://abrahamswallet.com/2018/05/16/on-riding-financial-rollercoasters/

About Abraham's Wallet:

AW website: https://abrahamswallet.com/2017/11/27/what-is-abrahams-wallet/

Apple Podcasts: https://podcasts.apple.com/us/podcast/abrahams-wallet/id1462593706

Spotify: https://open.spotify.com/show/6xbcf3IhayaoKB4sTegPRw?si=4M-m7mwUR0GigEkgrf3aJA

YouTube full episodes: https://www.youtube.com/@abrahamswallet

Twitter: https://twitter.com/abrahamswallet

Facebook: https://twitter.com/abrahamswallet

Instagram: https://www.instagram.com/abrahamswallet

This Week's Episode Rundown:

0:00 Twitter recommendations

4:00 Intro: Is Hiring a Financial Planner a Waste of Money?

6:20 What is a financial planner?

10:00 What is a Certified Financial Planner?

14:05 Are CFPs trustworthy?

17:28 Are all financial planners con men?

27:08 Rules of thumb: do I need a financial planner?

30:45 How to find out what you’re paying your investment advisor

45:10 Summary

Other Episodes

Episode 0

June 21, 2023 00:26:50
Episode Cover

An Anniversary Getaway Cost Rundown

Steven Manuel gets out the slide projector and shows us what he and his wife did for a recent anniversary and answer the age...

Listen

Episode 0

October 05, 2022 00:40:21
Episode Cover

HOME: Fathers Over Pastors with Justin Wolfenberg

Abraham’s Wallet exists to inspire and equip Biblical family leaders. Please consider supporting this ministry at https://abrahamswallet.com/donate/ Steven Manuel talks to Justin Wolfenberg about...

Listen

Episode 0

August 16, 2023 00:44:14
Episode Cover

Car Industry Talk (2) with Ian Bishop

Do you ever wish you had an insider into Car World who could tell you when to buy, when to sell, which model to...

Listen