10 - Financial Literacy Starts with Being Suspicious - Ellen Roseman
Debt Free in 30 · Douglas Hoyes
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Show Notes
On today's show, Ellen Roseman, a Toronto Star columnist and consumer advocate, explains that we tend to get financial advice from people with a vested interest, like car salesmen and bankers. They all have "skin in the game", so consumers need to find someone who can give them unbiased advice.
Ms. Roseman suggests reading financial blogs (and particularly the comments) and using Google to research everything before you buy.
To improve your financial literacy: be suspicious. Ask questions, and never say "yes" right away. Always consider the downside before you commit.
All that and more on today's show.