Talking Real Money - Investing Talk
Talking Real Money - Investing Talk
Don McDonald
Cold Calls & Commissions
39 minutes Posted Dec 2, 2025 at 5:47 pm.
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Show notes
Tom and Don spend this post-Thanksgiving episode dismantling the illusion that big insurance companies—Northwestern Mutual in particular—are “financial advisors” rather than high-pressure sales organizations built on whole-life commissions. Don recounts his own early days as a Dean Witter cold-call cowboy, and the two walk listeners through a damning Guardian investigation revealing recruitment practices, high-pressure quotas, and the wealth-destroying math behind whole life. The phones open ...