Is Financial Advice Worth It?

Tom Morgan has worked in the financial advice industry for 12 years. Recently he decided to go it alone, as a financial advisor because he has big concerns about how the industry works.

If you want guidance 1:1 from Tom about your finances, email [email protected] for more info.

📈 Investment platforms we use:
Trading 212
Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.
https://www.trading212.com/promocodes/MM
If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

InvestEngine
Get a £25 bonus when you invest at least £100.
https://investengine.pxf.io/daOD2Q

Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link.

If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you.

Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

🎉 Sponsors
Hostinger (build your website) - and use the code MakingMoney to get 10% off: https://www.hostinger.com/makingmoney

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Disclaimer:
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Chapters:
00:00-00:37 - Intro
00:37-08:10 - Does the industry provide value?
08:10-14:57 - The St. James’s Place Model
14:57-15:54 - Hostinger Ad
15:54-19:59 - Fees
19:59-26:01 - Key questions to ask a potential advisor
26:01-29:23 - Is the industry properly regulated?
29:23-36:00 - Where should people go for guidance?
36:00-44:40 - What a financial plan could give you
44:40-48:21 - When could you stop saving?
48:21-53:01 - Advice for those just starting out
53:01-55:53 - Key takeaways