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Episode 2966:
Wanderer from Millennial Revolution exposes the deceptive practices of financial institutions, highlighting their resistance to index funds due to the threat they pose to their fee-based business model. Learn why financial literacy is crucial to avoid falling victim to misleading advice and how to take control of your investments with low-cost, efficient options.
Read along with the original article(s) here: https://www.millennial-revolution.com/invest/why-the-banks-are-out-to-get-you/
Quotes to ponder:
"Anyone can buy index funds. You don’t need to be licensed, and you don’t need anyone’s permission. All you need is a brokerage account."
"The finance industry is here for one reason and one reason only: to take as much of your money as they can."
"If your bank lies to you, leave! This is a great rule to follow in general: I refuse to do business with liars, and so should you."
Episode references:
Quit Like a Millionaire: https://www.amazon.com/Quit-Like-Millionaire-Radical-Wealth/dp/0525538690
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Optimal Finance Daily - Financial Independence and Money Advice