Control and Compound with Darren Mitchell

Debunking 10 MYTHS From Your Financial Advisor


Listen Later

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

...more
View all episodesView all episodes
Download on the App Store

Control and Compound with Darren MitchellBy Control and Compound Financial | BNV Media


More shows like Control and Compound with Darren Mitchell

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,730 Listeners

Build Wealth Canada Podcast by Kornel Szrejber: Investor

Build Wealth Canada Podcast

14 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,081 Listeners

The Dividend Guy Blog Podcast by Dividend Guy

The Dividend Guy Blog Podcast

67 Listeners

The Peter Attia Drive by Peter Attia, MD

The Peter Attia Drive

8,529 Listeners

Wealth On Main Street by Richard Canfield & Jayson Lowe

Wealth On Main Street

11 Listeners

The Canadian Investor by Braden Dennis & Simon Belanger

The Canadian Investor

81 Listeners

The Peak Daily by The Peak / Curiouscast

The Peak Daily

13 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

29,202 Listeners

All the Hacks: Money, Points & Life by Chris Hutchins

All the Hacks: Money, Points & Life

1,613 Listeners

Angry Mortgage by Ron Butler

Angry Mortgage

8 Listeners

The Canadian Real Estate Investor by Daniel Foch & Nick Hill

The Canadian Real Estate Investor

33 Listeners

The Loonie Hour by Steve Saretsky

The Loonie Hour

14 Listeners

The Wealthy Barber Podcast by The Wealthy Barber Inc.

The Wealthy Barber Podcast

71 Listeners

In the Money with Amber Kanwar by Amber Kanwar

In the Money with Amber Kanwar

18 Listeners