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Foul-mouthed financial lessons

Originally posted: November 23, 2018 Updated on: March 5, 2019 by David Lewis

Love, love, love Gordon Ramsay (the famous, foul-mouthed, chef and restauranteur).

Years ago, he had this show, Kitchen Nightmares, where he’d go in and rip these restaurant owners apart.

Usually they deserved it because their food was awful, service awful, and the owners were in denial.

Actually that was my favorite part. Ramsay would have the chef make him several dishes from the menu. He’d critique them, and that’s when the fun started.

The chef was usually oblivious to, or in denial about, his bad food.

And Ramsay would just lay into the chef and usually the chef would just burry his head and refuse to believe things were as bad as they were.

In one episode, Ramsay finds a dead mouse… in the kitchen, AND… cockroaches.

Can you imagine that? What if you sat down to order some food and when it came out… you found a roach in your spaghetti or on the floor or… when you left (AFTER eating)… a dead mouse near the front door?

Mayhaps you’d make an appointment to see your doctor the very next day to make sure you wouldn’t die or something?

Meanwhile, the staff was completely in denial about it all.

At one point, the chef tells Ramsay they’re a better chef than he is.

I find that sort of posturing amusing because it’s Obvious as Adams why Ramsay is there.

Reminds me of how some people posture about their finances.

It does them no good but… they do it anyway.

They’re only hurting themselves which is why I sit and wait for them to come around. Sometimes they do. Usually… not.

Anywho, one thing everyone can learn from Ramsay is persistence.

No matter how in denial the chefs are, he keeps on them until they “get it.”

That kind of persistence can serve you well. When things seem hopeless, just remember… you only lose if you give up. That fact is why Ramsay is a winner while most restauranteurs lose. Ramsay has had spectacular failures but… he never gave up.

Never give up.


Also published on Medium.

Filed Under: Financial Planning, Saving Money Tagged With: bad financial advice, easy financial advice, financial advice, financial advisor, financial planning, good financial advice, learning financial planning, persistence in saving money, saving money, simple financial advice

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David Lewis
Life Insurance Specialist | Registered Financial Consultant | Author

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Comments from people who love Yours Fatherly…


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I found your comments about the ‘be…own bank’ stuff straight to the point and (maybe) helpful. — Joe

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I have known David for many years now and can say that he is a very honest and knowledgeable person and a great financial advisor. His insights are always backed up by tedious research and he has a real passion for helping people with their most important financial decisions. My gut tells me that after working with David you will likely feel like every stone has been uncovered and you will be confident that your financial well being is in good hands and you will be on your way to feeling financially secure. I do not regularly endorse other advisors in my field but I feel comfortable giving a strong thumbs up for David. — Antonio Filippone, Registered Financial Consultant

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Just read through your term v whole life blog from 2015, found it very well done and emailed it around the office here (I’m a CFP with [company name removed] ). — Doug, CFP

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Life insurance as it exists today is undoubtedly a pale imitation of what it could be in a free market, but in terms of safety (and other utility), it’s the best option I’ve discovered so far.

There’s still a lot I need to understand about how life insurance works as a long-term savings vehicle, but for now I’m at least satisfied that some of my money is a little safer from theft and wildly arbitrary taxation.

It’s too early to tell, but I’m cautiously optimistic. I’m currently putting about 20% of my savings into life insurance, with the rest split between precious metals, investments, and traditional retirement accounts.

I wish life insurance could offer a better rate of return, but with an out-of-control pirate state sailing the financial seas, pillaging with impunity, I’m happy to have some measure of safety, even if it means giving up a lot of potential profit. — Tim, Self-Employed

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I am now the happy owner of two life insurance policies, and I am armed with the knowledge to use them effectively. Thanks! — Tom, Nuclear Engineer

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And Now… Comments from the haters!


“Whole life is what scam-based insurance people like David Lewis use to make a lot of money in commission at your expense. Get term life insurance. Never mix investing and insurance.” — L.C.G., self-proclaimed financial expert and forum moderator; [location withheld]

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“You ‘talk people into’ buying whole life insurance policies, which I personally think are not just a bad investment, but verging on a scam.” — R.F., Real estate investor and developer; [location withheld]

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“According to David, most advisors are ideologues, spewing the failed practices of the companies who control the financial service industry. Only his way of doing things puts the client first.” — Joe, Financial Advisor [location withheld]

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“David, I understand that you’re using Ayn Rand’s premise…

Well, you’re entitled to your viewpoint. But, I consider a flat dismissal of the codes that professionals have, for centuries, developed, refined, and attempted to live by to be absurd — and, frankly, rather silly.” — J.O., Financial Planner [location withheld]

***

“I couldn’t disagree more with your view of the financial services industry.” — C.G., Certified Financial Planner [location withheld]

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