The hidden price tag of financial advisors

In the past, you had two options for learning how to manage your money. To view this email as a web page, [click here]() {NAME}, In the past, you had two options for learning how to manage your money. - Figure it all out on your own. Try to piece together what to do from a variety of sources, and hope you don’t screw it up. - Hire an expensive financial planner to do it all for you. Yes, it's easy — someone else does it for you. Just don't calculate how much they're actually fleecing you for this service. You'll be shocked. You can certainly figure out personal finance on your own. I did. But it took thousands of hours (and dollars) to do. That’s why many people choose option 2. So let’s take a closer look at those fees. Many financial advisors will charge you a 1% AUM, or assets under management, fee. Sounds good, right? Did you know that a 1% fee will cost you 28% of your lifetime returns? You may have heard me talk about this in my Netflix show, “[How to Get Rich]().” (You can learn more about this shocking stat in the [Department of Labor analysis of 401(k) plan fees]().) Let’s get even more specific. If you’re investing $10,000 per year for 40 years, a commission-based financial advisor could cost you $439,386.20. If you’re investing $25,000 per year for 40 years, a commission-based financial advisor could cost you over $1 million. And those fees go straight into a commission-based advisor’s pocket! [gif] Financial advisors as they gleefully deposit your money into their bank accounts I have no problem paying premium prices for great value. But there is no reason to pay a percentage of your assets to an advisor. Ever. Smart money management: money coaching I hate seeing people ripped off by financial advisors. And I hate watching people not do anything with their money because they’re trying to figure it all out on their own. That’s why I created [Money Coaching with Ramit Sethi](). Think about what coaches do: - Make sure you master the fundamentals - Light a fire under you when you’re coasting instead of cruising - Encourage you and cheer you on - Celebrate your success [Ramit] I love seeing my students achieve their financial goals Why do you need a financial coach? Think about it like this: You've got big dreams, but you're stuck trying to decipher financial jargon that reads like an alien language. Enter: your financial coach. They're your personal finance guide, turning those complicated terms into everyday lingo you can actually understand. Ever feel like you're working hard but your bank account doesn’t reflect it? Your financial coach is your personal wealth-building ally. They'll help you devise a strategy to maximize your earnings and grow your wealth. And let's face it: money stress? It's a true joy-killer. Your financial coach is like your own personal stress-buster, helping you set up systems to manage your money seamlessly so you can sleep like a baby knowing your finances are on track. So, why do you need a financial coach? Because it's time you stopped just dreaming about your Rich Life and started living it. That’s what Money Coaching can help you achieve. [Money Coaching] When you join [Money Coaching](), I’ll help you: - Identify problem areas in your finances — and fix them once and for all - Create a simple money plan that fits you like a handmade glove - Stay on track with monthly group check-ins and guided lessons If you've been meaning to get your money in order for a while — or you're just ready to stop being kept awake at night from the stress of it all — this is for you. Click here to join [Money Coaching with Ramit Sethi](). [Signature] P.S. What are some benefits of joining [Money Coaching]()? - Learn the smartest strategy to handle your finances. In Money Coaching, I'm going to give you the tools to design your own Rich Life System. This is a system that's tailored to your individual circumstances and aspirations. Set it up once and let it do its thing on auto-pilot for life. - Imagine this: You spend less than an hour each month checking in, seeing your savings and investments flourish, and then diving right back into the vibrant, rich life you've created. If that sounds good to you, [click here to join today](). Featured Products [Learn how to be your own boss, do what you love, and earn more.]() [What if you woke up EXCITED to go to work? I show you how to achieve it, step by step.]() [Ready-to-use mental frameworks for increased happiness, confidence, & success.]() [No guilt, no excuses, no BS. Just a 6-week program that works. Over 1,000,000 copies sold.]() The I Will Teach You To Be Rich Podcast Raw, unfiltered conversations with real couples: - One partner is $300,000 in debt, but shrugs it off. The other cries at night, anxious about the future. - A couple that’s so worried about money, they feel like they’ll never have enough. They go to a restaurant and order chicken instead of steak to save $10. Their household income: $600,000. - Two parents who feel overwhelmed by work, kids, and debt. When I ask them how they’d describe their lives, they instantly say the same word: “Stuck. ” Listen in to hear real money conversations from behind closed doors today. [Apple Podcasts] [Apple]() [Spotify]() [Google]() [IWT]() Follow Ramit: [insta]() [Twitter]() [twitter]() [youtube]() [Linkedin]() Was this forwarded to you? [Sign up here.]() This email was sent to {EMAIL}. If you no longer wish to receive these emails you may [unsubscribe]( at any time. 548 Market St #89946 San Francisco, CA 94104-5401