Control and Compound with Darren Mitchell
Debunking 10 MYTHS From Your Financial Advisor
26 Aug 2024
TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are pulling back the curtain on 10 myths that you've been told by your financial advisor! You'll be surprised with some of these and we've gone over a few in past episodes but some of the myths include average rate of return vs. actual rate of return, having emergency an fund in the form of cash, as well as retiring in a lower tax bracket. If you feel like you're not getting all the information you need, it's time to tune in! Show notes: 00:00 - Introduction 1:55 - RRSP myth 3:20 - Average rate of return myth 7:00 - Accumulation myth 9:25 - Buying cheap term insurance and invest the difference myth 12:05 - Retiring in a lower tax bracket myth 13:55 - Business owners and real estate investors should max out their RRSPs myth 15:30 - Having an emergency account in cash myth 17:50 - High risks for high returns myth 20:00 - Maxing out RRSPs and TFSAs myth 22:25 - Financial advisors being an expert on everything myth FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us
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