Ep 26 - Tess Waresmith - 3 Silent Wealth Killers Hiding in Plain Sight (Or Small Print)

Tess Waresmith is a financial educator, speaker, and investor known for helping people reach financial independence with simple investing. She’s the founder of Wealth With Tess, where she helps women build wealth and confidence through investing. Tess has been featured by CNBC, Business Insider, and Fox 5 NY, and is a self-made millionaire focused on helping others avoid the mistakes that cost her… well let’s not go there.📚 What We Discuss with Tess Waresmith:🔍 03:15 — Early mistakes and financial wake-up calls — who should handle your money? 💸 06:40 — Millions lost in fees — how hidden costs quietly eat your future 📈 08:15 — “It’s not that hard” — building confidence by learning the basics 🧠 10:00 — Asset allocation 101 — understanding fiduciary duty and financial jargon 🧾 13:00 — Learned money scripts and access to real financial literacy ⚖️ 15:00 — Avoiding absolutes — why personal finance isn’t one-size-fits-all ⏳ 17:20 — The time investment of investing — and why it’s worth it 🚫 20:00 — Breaking up with your advisor — navigating the money manager minefield 🚩 25:55 — Red flags in your fees — questions to ask and answers to expect 🤫 29:00 — Your ignorance is someone’s profit — staying sharp in a noisy market 🎓 30:30 — $50K of financial education in 4 minutes — a crash course curriculum ⚡ 35:30 — Lightning round! — quickfire investing truths and final thoughts💡 What You’ll Walk Away WithHow to spot hidden fees that quietly drain your portfolioThe confidence to make financial decisions without outsourcing everythingWhat to ask before trusting someone with your moneyA basic framework for asset allocation and fiduciary responsibilityWhy there's no single “right” way to investTools for becoming an informed investor, even if you’re starting from scratch🧾 ResourcesTess’s website: www.wealthwithtess.comFinancial independence mini-course: www.wealthwithtess.com/fiFollow Tess on Instagram: @wealthwithtessFeatured on:CNBCBusiness InsiderFox 5 NYIf you're still game to support the show, leaving a quick review really helps — even one sentence goes a long way.You can also join thousands of other investing-minded folks by subscribing to the newsletter: one practical idea, once a week, zero fluff — www.tylergardner.com/newsletters.Check out episode 23 with Bill Perkins — a hedge fund manager and author of Die With Zero, who explains why the best return on investment might be spending your money now on experiences that matter.

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