Financial Advisor or Commissioned Salesperson? #doctor #physicianfinance #personalfinance #money

Let's talk about the elephant in the room. This person is not a financial advisor. You might think you're getting some sort of beneficial financial advice because you once bought an insurance product from this person. But this is not a financial advisor. This is somebody who sells products, whether they are selling loaded mutual funds or annuities or cash value life insurance. They are a product salesman. They are not a financial advisor. They might call themselves a financial advisor, but they are not a financial advisor. When you go to get financial advice, I think you ought to pay for financial advice, not commissions on products. That way, you know, the advice is far more bias free. Now, there's all kinds of biases out there. I understand that. But I think the model where you pay commissions for financial advice is just too biased. It is just those incentives are all wrong, and even really good people can't resist them.