Money For Couples with Ramit Sethi 127. “Our financial advisor almost cost us $800k. How do we fire them?”
26 snips
Oct 24, 2023 Jeff, a specialized surgeon, and Susan, a stay-at-home parent, discuss their financial struggles and being taken advantage of by a percentage-based financial advisor. They debate the value of a whole life insurance policy, share their upbringing and the impact of the fiduciary rule on financial consumers, and reflect on their experience with a financial advisor. They emphasize the importance of conscious spending, confronting and switching financial advisors for high fees, and leveraging assets. The hosts conclude with plans for change and meeting with a new financial advisor for better financial alignment.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10
Introduction
00:00 • 3min
Recurring Disagreement about Whole Life Insurance Policy
02:33 • 8min
Financial Challenges and Disappointment with Salary
10:18 • 6min
Growing Up and Learning About Money
16:07 • 13min
The Impact of the Fiduciary Rule on Financial Consumers
29:20 • 7min
The Experience with a Financial Advisor
36:48 • 4min
Conscious Spending and Financial Strategy
40:56 • 22min
Confronting and Switching Financial Advisors for High Fees
01:02:45 • 5min
Leveraging and Borrowing Against Assets
01:08:11 • 13min
A Reflection on Financial Situation, Surprising Discoveries, and Plans for Change
01:21:26 • 4min