wizardZofwealth.com home                             November 21st, 2008

In-Laws and Outlaws

In-laws and outlaws have lots in common: They will tell us lies, steal our money, and rob us of our self confidence. They will hold a gun to our head and keep it pointed there until their demands are met.

Outlaws deliberately try to deceive us. They ask us to pay inflated prices for stocks, real estate, and other “investments.” Their business plan: separate us from our hard-earned money.

In-laws are family, friends, and relatives whose motives are well intentioned. They would like to help us get ahead. Unfortunately, their advice is often dangerous to our ability to create wealth, unless they have actually become wealthy themselves.

What do they know of our dreams, goals, and plans? What do they know about our passion, our purpose in life? What do they know of the real way the financial markets operate?

Blindly following someone else’s financial advice is a ticket to disaster.

Knowledgeable and sophisticated investors surround themselves with savvy people they trust. They also take complete responsibility for making intelligent decisions regarding their investments, allowing them to create financial freedom for themselves and their family.

In whom do you trust?