Most people ask family, friends, accountants, or financial planners for investment advice. But unless they're multimillionaire investors with recent success, they probably aren't qualified to guide you. Many accountants and planners chose those jobs for income, not because they got rich investing.
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Who do most people tend to turn to when it comes to get advice around investing? Where do most people tend to turn to? Most people turn to family, friends, an accountant, or maybe sometimes a financial planner. Now, here's a thought for you. Unless your family or your friends are multimillionaire investors in their own right, and they've done it in recent times, do you necessarily think that they're the best people to take advice from? Not at all, not at all. And the same thing with accountants and financial planners. A lot of people have this belief system that just because they are a qualified accountant or financial planner, they're actually successful investors. Now, I can tell you right now, most accountants, most financial planners are doing that job just to earn an income. They're not actually successful investors, and nor have they created financial freedom in their own lives.