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The Do-It-Yourself Mistake

The Do-It-Yourself Mistake

Released Friday, 7th April 2017
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The Do-It-Yourself Mistake

The Do-It-Yourself Mistake

The Do-It-Yourself Mistake

The Do-It-Yourself Mistake

Friday, 7th April 2017
Good episode? Give it some love!
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My new book is called Stuck in the Middle: The Mistakes that Jeopardize your Financial Success and How to Fix Them. It’s available on Amazon and at other fine booksellers. The book’s theme is that much of our financial knowledge comes from trusted sources like well-intentioned friends, relatives, and colleagues (F R C - I call them FREAKS). Despite good intentions, a lot of that information requires a serious update. Those middle-class money lessons are probably holding you back from the success you’d like to achieve.Chapter 9 is called Don’t Self-Manage Your Own Portfolio and I’m going to talk about that today. But before I do, I want to offer this caveat: the book is useful even if you decide to ignore my advice on this particular subject. My main point is that most people who do manage their own money face a number of challenges, and they’d likely be better off with professional help. Even if you decide to keep investing on your own, you’ll be better at it by understanding today’s message. So keep listening.These are some of the reasons people choose to do-it-themselves...

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Money is Freedom

Welcome to Money is Freedom, a podcast for people who believe in simple, jargon-free guidance about money and investing. It's also a podcast for people who believe money can be fun and want to guide their thoughts about it in positive directions. Our host, Dan Danford, serves as President and Chief Executive Officer of Family Investment Center, a full-service, commission-free investment advisory firm. Based in St. Joseph, Mo., Family Investment Center serves clients in the Kansas City area and across 13 states. You'll see his name and those of his team across publications like The Wall Street Journal, U.S. News and World Report, Forbes, Kansas City Star, Chicago Tribune, BusinessWeek and more -- often surrounding somewhat unconventional (but absolutely smart, experience-driven and level-headed) information about money. If Dan's wisdom has been called upon by these sources for its uniqueness and savvy, it's because he has had a unique journey. He began his investment career more than 30 years ago as a bank trust officer, where he decided there must be a better way to help people reach their goals. He started a successful independent trust company in 1987 and Family Investment Center in 1998. He has been helping people achieve their version of "the good life" in a refreshing commission-free atmosphere ever since. (In fact, client Assets Under Management exceeds $100 million).Having seen first-hand the many ways bank trust and investment companies work and provide services, he feels strongly that a commission-free firm offers a better way for most people to receive independent, objective advice at reasonable rates, with a high level of personalized service. Now that this type of advice has become popular (and soon mandatory) it's business as usual at Family Investment Center. Dan holds a bachelor's degree in Marketing from Missouri Western State University, an MBA from Northwest Missouri State University, and an MS in Personal Financial Planning from Kansas State University. He is a CFP® and strongly influenced by his late father, Thad Danford, who made him rent the family's mower for Dan's early lawn mowing business.

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