The Only 3 Money Metrics You Need to Know for Financial Freedom
The Money with Katie Show
Beware the Cost of Financial Advice
Investing through a financial advisor can significantly reduce returns due to high fees, often resulting in losses amounting to millions. In an example, a 1% expense ratio reduces potential returns from nearly 9% to 7%, leading to a loss of $3.3 million compared to investing independently. This highlights the importance placed by the financial independence movement on low-cost index funds and ETFs, advocating for DIY investing as a means to preserve wealth and achieve better financial outcomes.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
