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The Importance of Investing Properly
Some people pay a financial advisor 1%. They go 1%. It's not a big deal. I'll pay 1%. What they don't realize is that that 1% will take 28% of their returns and hand them over in fees. Think about it, if you make a million dollars in investing over the course of your life, $280,000 are going right out of your pocket into that advisor's pocket. That's super counterintuitive. In buying a house, you've got to run the numbers because they are totally counterintuitive. If you spend more, you don't get better returns. You don’t get better anything. In fact, if anything, you get worse