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 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.
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.
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