Monday, July 6, 2009

Business Mentoring

The information that has been presented to you so far is compelling as to why many of you have built up resistance to financial sales people. You know that they are going to sell you something and you are not sure that you want or need what they are selling. You also probably have heard horror stories about financial people and how they persuade you to buy things with no basis as to why you need or should want what they have to sell you.

 
When their information is based on "opinions" and not facts, and then they present to you opinionated reasons that you should do what they say. If you question what they tell you then they dazzle you with terminology that makes your eyes glaze over. Never lose sight of the four basic rules of financial institutions, which are below.
 

The financial institutions must get your money.
The financial institutions must get your money on a systematic and ongoing basis.
The financial institutions must hold on to your money for as long as possible.
The financial institutions must give your money back as little as possible.
 
We have recently seen that the financial institutions are not able to keep themselves afloat so why would it work for individuals. Many wealthy people have been saying for years that financial planning does not work and the financial crisis proves this true. As a consumer you should demand that your financial expert has the ability to build an economic simulator so you can see your financial future before it happens. Economic Simulation is necessary in planning your financial future.

When looking for a financial advisor you must check income as I mentioned before, and make sure that the financial person has the ability to get you to higher levels. They only way they can get you to a higher level is if they are already there. Also don't be fooled with the massive degrees and titles they have after their name it still doesn't mean that they know what they are talking about. Financial Planners give out unverifiable information and can't prove what they are actually saying. Ask for proof! If they can't give you verifiable proof than you are being taken advantage of. I know these are strong words but I can back them up.

We actually prove every financial move to our clients, and can show the financial future before it happens. When this is done you now have an enormous amount of financial power.

The theme of this article is to remind you of the reasons why financial planners are in existence and that they must follow specific rules to stay in business. Once they get your money there is no guarantee that they have to hang on to it.

We have just seen the worst financial crisis that has hit the United States in over 100 years with very little remorse on the part of the financial institutions to the consumer. With the upper management of these financial institutions taking huge incomes and living the life of luxury on your money then letting these financial institutions go out of business they have violated their fiduciary responsibility to the consumer.

Demand an economic model where you can see your financial mistakes before you make them and then correct them before they happen.

 
 
Thanks for your interest,
 
Dr. Raymond Jewell, Economic Advisor
Host, www.FinancialFreedomRadio
http://personaleconomiccoach.com/
 
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