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

Most People Trust the Wrong People With Their Money

4 Aug 2026 · 1 min

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Richard Canfield argues that financial professionals often exploit vulnerable people, especially older adults. He describes meeting a 61-year-old woman who needed help after being taken advantage of, and calls for advocates and long-term programs to protect people from financial abuse.

Chapters

People really need to stop believing people because they have an MD after their name or they wear a suit and a coat. These are all thieves. What has to change is somebody has to get someone who literally will look out for them. Not only today, but 3 years, 6 months, 9 months, put together program. What is a 61-year-old woman coming to you for the first time? All my career, these people are coming to me. When I used to send out 10,000 wedding style invitations a month, and I used to see 30, 60, 90 people a month in these workshops. They're 50, 60, 70 years of age. This system has been taking and taking and taking from them, and they had no idea they were being taken.