Financial faux pas from a #moneyboss budgenista

Behold! the power of the Innernet:

Apparently you can now take a 6-week course on financial planning and become a financial expert. Kinda puts my 15 years experience at this gig to shame, doesn’t it?

One of the most famous of said “budgenista” programs is sold by a big-name celebrity in the financial world. A household name. Probably you would instantly recognize this person if I said their name. 

What gets me is how these programs are taking advantage of people down on their luck. I mean, from what I’ve seen so far, it’s pretty egregious. These goo-ruse are selling their 6-week or 8-week “become a financial expert” programs to folks who just lost their jobs and had to raid their 401(k)s to pay their bills. 

One story I recently heard about involved a poor young lady who was sold on the idea of becoming a financial expert by taking one of these 6-week programs. Once she “graduated”, she started charging a consulting fee to tell people how to manage their money. 

I guess someone, who was on the receiving end of it, got so upset about the advice they received that they complained about it on social media…. caused a major problem for the “consultant” and obviously for the ‘client’.

The problem?

The client paid a bunch of money to be told to save $50 a month into a plain-Jane savings account and do some basic budgeting stuffs. 

Life insurance?

This person was told “don’t bother with life insurance.”

What a shame. 

But also… I sort of expect more of the same as people become more and more desperate to make a buck. 

Anyway, if you want more information and advice not covered here on the blog, then signup for my email list, below.

David Lewis

This post brought to you by //The Rogue Agent//. David has been a life insurance agent, and worked with some of the oldest and most respected mutual life insurance companies in the U.S., since 2004. Learn more about him and his business, here.