So Money - Episode 348

Bobby Monks

Author of "UNINVE$TED"

Today’s guest is a serial entrepreneur. He founded, led and grew numerous businesses in the financial services, real estate, media and tech sectors. Robert or “Bobby” Monks as he goes by, is out with a new tell-all book. It’s called, “UNINVE$TED: How Wall Street Hijacks Your Money and How to Fight Back.” It offers an interesting perspective considering Bobby worked in finance for almost his entire work life.

So, in this book he is blowing the cover on how Wall Street works. He’s got a lot to say on the matter. The book is really a way to teach Americans on how financial firms and money managers on Wall Street are profiting from our ignorance by over complicating the investing system. Bobby talks about how the system is corrupt and what we can do to change it and he would know. He was once the chairman of Spinnaker Trust, managing over a $1 billion in asset so he’s had quite the perspective.

With Bobby, we learn how to seek out a financial adviser who is working in your best interest and is affordable. How to negotiate with your financial adviser to lower his or her fees and the costly truth about 401(k)’s.

If you’d like to learn more about Bobby Monks visit his website or follow him on Twitter @MonksBobby.

One of my favorite quotes from the interview: “Who manages your $ is one of the most important financial decisions you’ll ever make in your life.” – Click to Tweet

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