We’ve all been doomscrolling on a phone at god-knows-AM when some stranger in a video says something that makes “sense” about money. Ever wonder what a CERTIFIED FINANCIAL PLANNER® might say to that same video? In this fun episode of It’s All Money, we open up the pandora’s box of internet money advice and let our Managing Principal, Daren Blonski CFP® give his take. Additionally, Marketing Director and Podcast host Dano Weir shares how an average person might process and logic through some of this content, and the pitfalls therein.
• Why not just put your emergency fund in an index fund to “make more”? • What is the “tolerance for ambiguity”?
• If you leave your money invested, it just “makes 10%”, right?
• Why is bitcoin ot the “only store of value”? • Should I do a real estate double-backflip to get a “free” G Wagon?
• Why the Wolf Of Wall Street of all people calls CNBC the “worst thing to happen to investing”.
• Can you “write off” a private chef?
If you ever wanted to throw cold water on the money nonsense you see on the internet, this episode is for you 😎
Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ
References Financial Advice from the Cleveland Browns
https://www.youtube.com/watch?v=uN9WSgeETCo
Source: HBO, NFL Films
New Bitcoin Ad
https://www.instagram.com/reel/DJkJLeoxlV9/?igsh=NTc4MTIwNjQ2YQ==
Source: Coinbase
Risk Tolerance With Jerry Jones
https://www.instagram.com/reel/DIgeCK2OLRc/?igsh=NTc4MTIwNjQ2YQ==
Source: Undeniable with Joe Buck
Two Income Trap
https://www.instagram.com/reel/DJcInkGswmB/?igsh=NTc4MTIwNjQ2YQ==
Source: Last Meal With Tom Nash
Wolf Of Wall Street on CNBC
https://www.instagram.com/reel/DIzDFynTxKx/?igsh=NTc4MTIwNjQ2YQ==
Source: @wolfofwallst instagram
Rentals to buy a G Wagon
https://youtube.com/shorts/FM_ChKFVUJ4?si=cdQWr4R4e1O-X1tM
Source: ThachNguyen
Emergency Fund in the Market?
https://www.youtube.com/shorts/MxZFjTqp4Gc
Source: Ben Alistor, YouTube
Writing Off My Private Chef
https://youtube.com/shorts/dwt1fggBga0?si=LS1mljmiqFuDaxh8
Source: Karlton Dennis Youtube
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Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LLC, d/b/a Sonoma Wealth Advisors, d/b/a Fermata 401k, d/b/a Fermata Tax. The opinions expressed by Fermata Advisors, LLC on this show are their own. Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Viewers and listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.