If You’re Wondering Who You Can Trust…
If you’ve got a pulse and two ears, you’ve heard about the Keto Diet by now.
You know – it’s the one where you don’t eat carbs, only sometimes you do… and you can kind of cheat a little bit, but there’s a right and a wrong way to do it… and if you don’t see results, well, you can’t blame the diet. It’s all on you.
Oh, and it might not work for you if you have high cholesterol, but some people who have high cholesterol swear by it.
It’s also the diet that came after the Paleo Diet, and The South Beach Diet, and the Atkins Diet…
Each one of these diets had similar principles, but when they went out of fashion, the new one swept in and all of a sudden, a new contender was in town and ready to grab everyone’s attention as the hot, new thing.
To the average person, this all seems like a whirlwind of information, and sometimes it seems like there’s no definitive source who can tell you what will work for you.
Your doctor will tell you one thing. Your spouse will tell you another. Your coworkers all swear this advice will work, but then you heard that your brother’s wife’s uncle’s cousin got really sick when they tried it, so who really knows?
This swirl of “knowledge” is overwhelming. It’s enough to make a person want to throw in the towel already.
And this kind of flawed, flavor-of-the-week groupthink isn’t just limited to the health world, either.
In The Finance World, It’s Even Worse
It starts when we’re children. We go to school to learn, and we look up to our teachers to be our trusted advisors. When it comes to learning about money, though, they actually know very little about the subject. Even economics teachers are unlikely to have a good handle on how much to save, when you should spend, and how to invest.
It turns out that school is the absolute worst place you could turn to for education when it comes to finance.
When you become an adult, the problem is compounded. Even the most basic financial advice is different depending on who you ask, and when it comes time to talk about investing?
Forget about it.
Your parents don’t have any idea, they never dabbled in investing.
Your peers are either not investing at all, or they’re dead set on the idea that their 401k is the only way to go.
If you go to your local bank and talk to a financial advisor, you’ll get advice that favors them and their employer only.
If you turn to the internet to research investments on your own, it’s a sea of voices – all of these blogs and websites trying to get you to pay attention to them, but very few of them tested and proven. After all, they’re in it for the clicks and the ad revenue, not to make you money.
So What’s A Person To Do?
Where can you turn to get reliable, no-nonsense advice on how you should invest your hard-earned money?
I asked my good friend Robert Kiyosaki that exact question a few months back. I’m sure you know of Robert – or at least you’ve heard of his #1 best-selling personal finance book of all time, Rich Dad, Poor Dad.
In addition to his status as a best-selling author, he’s also an educator, a businessman, and a real estate investor with holdings that produce over a million dollars in cash flow each and every month.
Robert didn’t learn this in school, or from his banker. Instead, he was lucky enough to start his financial education at an early age, and he got it from an unusual source: his best friend’s father, also known as Rich Dad.
He agrees that all the conventional sources of knowledge – traditional schooling, family and friends, random blogs on the internet – are in no way adequate as sources of good information when you need to learn how to invest.
He grew up watching Rich Dad expand his businesses and grow his own portfolio of real estate investments, and when the time came for Robert to invest on his own, Rich Dad gave him a step by step plan on how to find the right investments and what to do with them after they were in your portfolio.
This led to Robert’s take on where you can find sound investment advice.
Look For Experts Who Are Already In The Field
For example, if you’re interested in penny stocks, look for an investor who’s active in the field, and already successful with their trades.
If you’re considering investing in real estate (which is Robert’s main area of expertise), look for real estate investors who are already making money in that field.
If there’s something else that piques your interest, look for the most qualified person you can possibly find and get advice directly from them.
Sometimes, that will take the form of a newsletter. Other times, you might want to join their mastermind group or get direct access to them for coaching sessions.
In order to find the right plan for you, you’ve got to put the work in to find a source of information that can get you where you want to go.
There are many good options out there – you just have to decide what area you’re interested in, and then look for qualified experts in that area.
It may take a little more time and effort than just trying out the flavor-of-the-week advice, but it will all pay off in the end.
Editor, Brian Rose Uncensored