The CDC definition of a parasite is: an organism that lives on or in a host and gets its food from or at the expense of its host. They’re not necessarily out there to completely destroy you- at least not immediately. Instead they want you to go on living your life, so that they can leach as much as they can while they get fat and happy, hopefully without you even noticing. And that’s exactly how we feel about crappy financial products except they’re not feasting on your blood, they’re feasting on your dollars. Their ability to thrive comes at your expense and it’s abundantly clear that these crappy financial products don’t have your best interest in mind. So today we’re going to run through a number of the worst culprits out there, why they’re the worst, and then what you can do in order to make sure that you avoid getting fleeced.

 

During this episode we enjoyed a Wrigley Fields Forever by Good Word Brewing! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

Best friends out!

The CDC definition of a parasite is: an organism that lives on or in a host and gets its food from or at the expense of its host. They&rsquo;re not necessarily out there to completely destroy you- at least not immediately. Instead they want you to go on living your life, so that they can leach as much as they can while they get fat and happy, hopefully without you even noticing. And that&rsquo;s exactly how we feel about crappy financial products except they&rsquo;re not feasting on your blood, they&rsquo;re feasting on your dollars. Their ability to thrive comes at your expense and it&rsquo;s abundantly clear that these crappy financial products don&rsquo;t have your best interest in mind. So today we&rsquo;re going to run through a number of the worst culprits out there, why they&rsquo;re the worst, and then what you can do in order to make sure that you avoid getting fleeced.
&nbsp;
During this episode we enjoyed a Wrigley Fields Forever by Good Word Brewing! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you&rsquo;re not already a regular listener, and <a href="https://podcasts.apple.com/us/podcast/how-to-money/id1337718773?mt=2">give us a quick review in Apple Podcasts</a> or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
&nbsp;
Best friends out!

Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living a rich life.

How to Money

Flee Before You’re Fleeced: Crappy Financial Products To Avoid #518

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9349070c-7295-4a45-af87-ae9300e67f84/transcript

Advertisement