Avoiding Misinformation In Investment Decisions

In this episode Hazel explores the critical question of who we seek advice from, particularly in the context of fluctuating markets such as cryptocurrencies, property, and stocks. Evaluate the Source of Advice: It's crucial to consider who you are taking advice from, especially during volatile market conditions. Ensure that the person has relevant experience and knowledge in the area they are discussing. Beware of Hearsay and FOMO: Be cautious of opinions from friends or acquaintances who may not have a deep understanding of the subject. Avoid making decisions based on fear of missing out (FOMO) without doing your own research. Seek Experienced Mentors: Look for advice from individuals who have successfully navigated similar situations and have a proven track record. Their insights can provide valuable guidance based on real-world experience. Do Your Due Diligence: Always research the credibility of the advice you receive. Verify the background and expertise of the person giving advice to ensure it is grounded in reality and not just hype. Value of Paid Advice: If advice is free or inexpensive, consider its worth. Often, valuable insights come from those who have invested time and resources into their expertise, so be discerning about the sources you trust. BEST MOMENTS "Who do you take advice from? It's a really good and interesting question to ask yourself, particularly at points in the market that we see at the moment." "Never take advice from someone you wouldn't trade places with." "If I'd listened to her, we would have completely stuffed ourselves. We would have done ourselves out of years worth of amazing cash flow." "Make sure that the person you are actually seeking advice from is somebody that you would like to potentially trade places with." "If advice is free or cheap, then you have to really check whether that advice is worth it." VALUABLE RESOURCESClick Here To Book Your FREE 30 Minute Clarity Call HERE...https://calendly.com/thefreedomclub/30min ABOUT THE HOST Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free. She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent… Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'. During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest. CONTACT METHODS WebsiteInstagram This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/ KEY TAKEAWAYSBEST MOMENTS