Neither Persons Nor Property Will Be Safe

Being Sold

When it's free, you are the product. You personal information, buying habits, interests, and connections is sold. When there's a free lunch offered to a group, there's going to a sales pitch. When it comes to the world of investing, insurance, banking, or financial planning, there are online programs galore that are looking to give it away to get you as a client.

"Start with zero down; we'll fund your account to get it going."

Why? Because lending is a profitable business. Open a brokerage account, put $10 in it, and get a credit card.

"Transfer your balance. 0% interest for the next few months. Don't pay anything this holiday season on your SuperMax Macho-Sexy Spend-It-All Double Platinum card!"

And there it is. In a silly but hopefully effective way, let's get real about money at the most basic level:

  • Debt Inhibits Growth.

  • Next point: Don't Be The Product.

  • Last point: Only Use A Fiduciary.

Elements of a True Fiduciary

  1. A legal relationship exists between two or more individuals or entities, where one trusts the other.

  2. There is an obligation to work in the best interest of the client.

  3. No conflict of interest or appearance of a conflict can exist.

  4. A reasonable, non-discriminatory, and ongoing prudent effort for the care for a person and their tangible and intangible assets.

  5. Compensation that is void of discriminatory commissions and only based on a fixed cost (procedural) or hourly (time) basis.

  6. A fiduciary is also commonly known as a trustee, guardian, and protector, and widely found in the medical, accountancy, legal, police, tax, and regulatory agencies.

Where justice is denied, where poverty is enforced, . . . neither persons nor property will be safe.

Frederick Douglass