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.

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.