Biases and Conflicts of Interest in Financial Material

The speakers discuss their biases and conflicts of interest when providing financial material, emphasizing the importance of being aware of these biases. They also highlight the value of DIY investing and the potential benefits of seeking advice from financial advisors.

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Welcome to the Money Scope Podcast, where finance meets relatability and evidence-based wisdom takes centre stage. Join your hosts, Mark Soth and Ben Felix, as they take you on a deep dive into the world of personal finance, specifically tailored for Canadian professionals and beyond. In this engaging series, Mark and Ben blend their expertise in the medical and financial fields to offer you a unique perspective on managing your money. Drawing inspiration from their experiences, they present complex financial topics in a way that's both personally relatable and easy to understand. This is not your average finance show. It's an educational journey that strives to connect financial knowledge with real-life applications. Whether you're a Canadian professional, an advanced investor, or someone just starting to explore the world of personal finance, The Money Scope Podcast is your go-to source for reliable, relatable, and evidence-based financial information! Join Mark and Ben as they embark on this educational journey, aiming to empower you to take control of your financial life and create a brighter future for yourself, your family, and your community.

Key Points From This Episode:

(0:00:00) Overview of the podcast and what to expect from this episode.

(0:00:42) Introducing Mark and details about his professional experience.

(0:03:26) His motivation for starting The Loonie Doctor blog.

(0:09:16) Learn about Ben’s background and his pivot into the finance sector.

(0:12:25) Dealing with biases and using an evidence-based approach to personal finance.

(0:16:50) Ben shares his biases and perspective on DIY finance.

(0:20:45) Disclosing potential conflicts of interest.

(0:25:08) Reasons for starting the Money Scope Podcast.

(0:30:16) The inspiration behind the name of the podcast.

(0:33:02) An outline of the topic and themes to be covered on this podcast.

(0:36:09) Our teaching approach and linking knowledge to application.