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Financial Advice

Posted By: Randy GageJune 13, 2012

I’m not an attorney or financial planner, so I don’t give legal or investment advice.   I’m a prosperity coach.  The only credential I can lay claim to is being a high school dropout who got rich.   On that basis only, I can suggest some concepts and ideas you can put into practice with your advisers.  Which leads us to the most important one…

If you want to become wealthy, don't seek financial advice from people who are broke. 

A couple of years ago I paid a lot of money to attend an investment conference in California.  It was one of those “pitch fests,” with a different speaker every 90 minutes.  They would try to sell you on their strategy for the first 30 minutes, and then spend the next 60 pitching their package for sale in the back of the room.

There was the real estate guy, the penny stock lady, the investment newsletter publisher, the Forex trader, and on and on.  I sat through two days of this four-day program before I reached a startling conclusion:  None of these experts presenting at this conference made more money than I did.  So I called the airline, moved up my flight, and went home.

I can make more money doing what I do than listening to and following those experts in San Francisco.  You have to manage your finances the same way…

Your banker can probably give you some helpful advice on what kind of accounts you need.  But she probably earns about $50,000 to $60,000 a year.  Don’t expect her to tell you how to become a millionaire.

Your accountant can probably offer you some solid strategies on reducing your tax liabilities.  But if he’s not financially free, don't expect him to teach you how to reach that goal.  Likewise for your financial planner, stockbroker, and your cousins Pookie and Ray-Ray.

If you want to be successful at anything – find someone who has already done it successfully.  That’s the person to ask for advice.

Shut the door!

-RG

25 comments on “Financial Advice”

  1. Most definitely, RG! That really should be the Golden Rule of life - "Follow only the leader that's already been where you desire to go." This advice applied across the board - in any aspect of life - would save a whole lot people, a whole lot of disappointments, for sure. Good stuff! 

  2. Most definitely, RG! That really should be the Golden Rule of life - "Follow only the leader that's already been where you desire to go." This advice applied across the board - in any aspect of life - would save a whole lot people, a whole lot of disappointments, for sure. Good stuff! 

  3. Wow, I haven't seen Pookie and Ray Ray for a while Randy. Nice to see you bring them out to play again in an outstanding piece. 🙂
    Just had a banker call me yesterday offering the world for my business. I immediately thought of you. Talk about top of mind. You're like a virus... a good one of course.Let's see now... "Randy the Virus." Nah.. I like RGIB much better. 😉

  4. Wow, I haven't seen Pookie and Ray Ray for a while Randy. Nice to see you bring them out to play again in an outstanding piece. 🙂
    Just had a banker call me yesterday offering the world for my business. I immediately thought of you. Talk about top of mind. You're like a virus... a good one of course.Let's see now... "Randy the Virus." Nah.. I like RGIB much better. 😉

  5. Absolutely agree! I find it funny when I watched a business reality show created by my country. They actually got University Professors to critics the businesses presented. These Professors don't have practical experiences of business, how can they critics appropriately. 

  6. Absolutely agree! I find it funny when I watched a business reality show created by my country. They actually got University Professors to critics the businesses presented. These Professors don't have practical experiences of business, how can they critics appropriately. 

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  • 25 comments on “Financial Advice”

    1. Most definitely, RG! That really should be the Golden Rule of life - "Follow only the leader that's already been where you desire to go." This advice applied across the board - in any aspect of life - would save a whole lot people, a whole lot of disappointments, for sure. Good stuff! 

    2. Most definitely, RG! That really should be the Golden Rule of life - "Follow only the leader that's already been where you desire to go." This advice applied across the board - in any aspect of life - would save a whole lot people, a whole lot of disappointments, for sure. Good stuff! 

    3. Wow, I haven't seen Pookie and Ray Ray for a while Randy. Nice to see you bring them out to play again in an outstanding piece. 🙂
      Just had a banker call me yesterday offering the world for my business. I immediately thought of you. Talk about top of mind. You're like a virus... a good one of course.Let's see now... "Randy the Virus." Nah.. I like RGIB much better. 😉

    4. Wow, I haven't seen Pookie and Ray Ray for a while Randy. Nice to see you bring them out to play again in an outstanding piece. 🙂
      Just had a banker call me yesterday offering the world for my business. I immediately thought of you. Talk about top of mind. You're like a virus... a good one of course.Let's see now... "Randy the Virus." Nah.. I like RGIB much better. 😉

    5. Absolutely agree! I find it funny when I watched a business reality show created by my country. They actually got University Professors to critics the businesses presented. These Professors don't have practical experiences of business, how can they critics appropriately. 

    6. Absolutely agree! I find it funny when I watched a business reality show created by my country. They actually got University Professors to critics the businesses presented. These Professors don't have practical experiences of business, how can they critics appropriately. 

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