Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

How to Spot Real Financial Advice

3 Dec 2024 · 1 min

Watch on YouTube

0:31

This excerpt is from a video offering consumer guidance on recognizing genuine financial advice. The speaker emphasizes distinguishing product-focused sales conversations from problem-focused advice and recommends asking yourself whether you would take advice from the person; if not, move on. The passage also criticizes advisors who focus on product-pushing as acting unprofessionally.

Chapters

Just as a consumer, the best advice that we can give is just ask yourself that question. When you're researching this process and the conversation is not at all focused on solving the problem, it's all product focused. What product is good? What product is bad? What the motivations are for a person wanting to sell that product, Ask yourself the question, like, would I take advice from this person? And if the answer is no, just move on. And I think we're hopefully shedding some light on this. For advisors who want to get better, pulling levers like that is just amateur night at the arena. God, you're not doing yourself or anybody any fav.